How do I protect assets from lawyers, lawsuits, and the prying eyes of the Federal Government?

Question

I am a new real estate investor and would like to know how should protect myself when I start buying houses.

Thanks.

Answer 1

From a Friend of Darrin

Hi,
Check into getting an LLC. You can go on line to
mycorporation.com and fill out all the forms and even pay by credit card. It will cost you around 350.00 a little more if you have them take care of some other aspects of starting an LLC. you can also put everything in a trust and name yourself trustee and your family members beneficiaries, either way it is a good idea to consult an accountant, and an atty.
Good luck in your new endeavor.

p.s. find a local real estate investor club to join. they are relatively inexpensive and lots and lots of great info for the newbie and the veteran investor. i belong to one hear in the Triad area of NC.
Hope this helps?

Answer 2

I think they should win. Allowing people to illegally cross the borders does not fix the problem. There does however need to be World Wide Immigration reform. And people should not be forced to be stuck in Nations who have Governments & Laws that they don't agree with. Immigration policies between independent Nations have not worked. There needs to be a World Immigration policy that all Nations are subject to. That allows people to leave Governments that they are not compatible with & become Citizens of Governments that they are Compatible with. We're moving in that direction. One can not expect the World to get smaller & smaller due to advances in technology & not move in that direction. The days of 5 or 6 Large Nations controlling the rest of the World has gotten so old for everybody else. That can't & won't last forever. I'm not sure if it will take another World War between the Most Powerful Nations in the World for people to finally realize this or not. But eventually there is going to be a World Federal Government that will allow people to immigrate more freely from Nation to Nation.

Answer 3

bury your assets if its in the ground they cant find it. start a pizza place or soemthing that is a cash business. Realestate is not your thing if your looking to hide your money from lawyers and the government there is too much paperwork involved.

Answer 4

In the US, real estate is all documented by the title companies and taxed by the country who maintains records of all deeds and transactions.
The IRS even succeeds in collecting from drug dealers and you want to hide with real estate ?
OK, I stopped laughing now, because maybe you are talking about deals outside the US. sorry, my mistake.

Answer 5

truth be told between IRS and Homeland Security no one is save.