Hiding assets ...

[unknownelement]

Rushpat,

At a seminar that I attended over the weekend, I was informed that the mortgage "industry" is moving in the direction to allow LLCs to get real estate loans solely in the name of the LLC. I don't see any reason why this would be terribly hard to do if you do some business lines of credit and banking through your LLC, to establish a credit score. I think Fair Issac does the business equivilent of a FICO. So there's that...

And, of course, there's always loan sharks!

[macerico]

Well, trying to set up an LLC is indeed an adventure, and not a fun one either.

So far, nothing new is going on, but if you want to keep stuff on the up-and-up, you have to do the tax stuff, and that's where it gets messy.

Try to get an EIN for your LLC, you have to give a SSN of the person applying. I suspect if I get a nominee (the same one who will open bank accounts and apply for a PO Box) this is no issue....use them to apply for it.

However, try to get the LLC credit? Nope. Even a pre-paid card requires a SSN for the application process....thanks to the Patriot Act and homeland insecurety gestapo. :(

Perhaps a nominee will agree to using their SSN for a pre-paid credit card (where they do not sign as sureity, but for the patriot act stuff only), but that might be hard to find. :(

It's a mind-bender.

What you have to realize is that unless an LLC elects to be taxed as a corporation, it is treated as a pass-through for the person who holds it....just like a PC (personal/professional corporation) or a sole proprietorship. This lets you do your tax return on a Schedule C rather than filing a corporate return, and you can be sure a corporate return may mean more taxes. I'd have to talk to a CPA on this one. :(

[wanttobefree]

lots of great stuff here, but they dont play by even their own rules, they make them for us. me i bought property in mexico and am planning on defecting i owe nothing to anyone but me. c-ya in the shadow`s.
got a boat and several thousand oz`s of silver gonna cash out all i can liquidate and convert to silver then the inland waterway to the gulf and beyond long as my bayliner can make it.

After reading several of your comments in the forum, I was wanting to ask you where to look if I AM LOOKING FOR HIDDEN ASSETS?

My sisters stole all monies/assets (~$3M) from our family trust and after settling out of court, I have the right to investigate all and any undisclosed assets will be mine free and clear of any claim by my sisters. However, the bank is not cooperating nor my sisters. I can file "breach of contract" suit against them, but before I do, I'd like to know where their assets are hidden. My sisters have been threatening us and harrassing my family and myself for over four years. They played the "two against one" game and paid everyone off including my own lawyer. P.S. I received only $10K.

Any assistance will be greatly appreciated. I was the good child and DID NOT commit fraud or forgery as my sisters have. I have filed criminal complaints against them but it's still under investigation. I will make sure my parents prophecy comes true, "either we'll all get along and have money or we won't have anything". I am tired of lawyers telling me that "unfortuneately sometimes justice isn't economically feasible"; therefore, I am acting pro se from now on until justice prevails.

Thank you for your time. Any assistance from anyone will be greatly appreciated

[charlesa6]

wanttobefree, welcome to the suijuris forum.

[clarkee]

Iwas always under the impression that even if you discharge your debts on mortgages and automobiles they still don't belong to you. I thought that's why you received a DEED for your house and not the ALLODIAL TITLE or in an automobile situation you receive a CERTIFICATE of TILE and not the ORIGINAL. You know, just like our birth certificates, a certified copy of the original but not the original because the government owns it all. Is this not right? We are given permission to live in our so-called houses and drive our so-called automobiles by paying rent. (property taxes, vehicle registration, diver's license etc...)

[charlesa6]

Originally Posted by clarkee

Iwas always under the impression that even if you discharge your debts on mortgages and automobiles they still don't belong to you. I thought that's why you received a DEED for your house and not the ALLODIAL TITLE or in an automobile situation you receive a CERTIFICATE of TILE and not the ORIGINAL. You know, just like our birth certificates, a certified copy of the original but not the original because the government owns it all. Is this not right? We are given permission to live in our so-called houses and drive our so-called automobiles by paying rent. (property taxes, vehicle registration, diver's license etc...)

Absolutely right! As long as you are paying taxes on the property then still belong to the BB.

[jcsmjd]

This is the way I buy and sell real estate...

Set up LLC, preferrable out of your state as you want to stay "at arms length" with any statewide court. Set up TWO trusts. The first trust will be the managing member of the LLC and the second trust will have beneficial interest in the first trust. As such, you will be completely invisible. I also suggest filing a dba on your LLC and structure your trusts naming the dba. Hint...the dba "could" be in a man's name. By the way, your LLC should have bearer shares. That way, if for some reason you are stupid enough to go into a courtroom, you just hand the LLC book to a friend and "like magic", you don't own the LLC. You can conventiently take the LLC back from your friend when you get a chance.

There have been soooo many foreclosures in the past 4 years that the markets are flooded with houses owned by landlords who need to rent them. Most landlords LOVE the idea of lease with the option to purchase as they will get some downpayment from you (ie. they get their hooks into you).

Your job is to negotiate as low a downpayment as possible with as low a lease payment as possible. You always, always ask for monetary consideration to lengthen the term. That way you could pay, say, 1k, say 2 years down the road to lengthen the term to another two years.

This process works great for those who have been raped by the courts in the so called foreclosure due process and/or bankruptcy. Remember, you do not own the note. The note stays with the landlord. You just get to use the house for some consideration. If you are smart, I suggest that you have personal property trusts for your tv, stereo, clothes, etc. A personal property trusts for your cars. A land trust if you own property. These trusts should be owned by an out of state trustee that is managed by other trusts.

You should have a foundation trust. One with a regal name. And the foundation trust should be owned IRREVOCABLY by your living trust. Now, since no trust is ever recorded, if you structure properly, you will never be seen by the public, unless you are basically a fool. OWN nothing! Control everything! If you own, it can be taken away the the thieves/lawyer community. You can be BOLD with trusts as you can make yourself a legal pauper and as such, judgement proof. If the thief/lawyer wants to get paid, he will go somewhere else when he finds out you are worth ZERO!

Trusts can offer nice benefit packages, like say, pay for your electric bill, your HOME office, all gas, cable, food, basically the essentials of life. And, this is NOT income.

Take a close look at OJ Simpson. Why has he not paid the Brown's one penny? He does not own anything! His properly prestructured trusts take care of him.

From Bouvier's Law dictionary, rights flow from title ONLY! As such, a beneficiary to a trust has no rights, JUST beneficial USE!

Your TRUSTEE, man, woman, PERSON, has total control. I suggest an LLC, because it can NEVER die, get sick, etc. A simple filing in the company books names a new signing agent and things can be nicely transferred to your children without having a taxable event. Remember, it is taxable, if you are paying taxes, if the OWNER changes. You can assign beneficial interest in any trust without ever changing the Trustee/owner. And, since NOONE will ever see who the beneficial interests are, as no trust ever gets recorded, who will ever find out? Keep your mouth shut, and your affairs private.

Never buy anything, unless you can pay off entire "so called" debt at once. Otherwise, just lease with option to purchase. Once you get good at negotiating good "terms", you may even want to pass thru a deal to a would be third party at a premium of course, whereby you make money on the downpayment, the lease spread and the final payoff. You did take the option as "abc, llc and/or assigns".

I hope this helps. Forget about the credit system. And, always, always, don't forget to ask, "is that your best price?"

Finally, a note to the so called attorneys who practice the so called law and know so little about the law, I cannot tell you how many times I have laughed in the face of a would be taker. Quit being a leach, start producing!

Remember, A wise man hideth when the wicked rise. And from Job 17:12 "He leadeth the counsellors away spoiled, and maketh the judges fools." It is not hard to do.

Originally Posted by rushpat

Well, I was one of the ones who thought that it wasn't a good idea to get into real-estate, due to the coming (possibly inevitable) housing market collapse. However, I would have thought it would have occurred over 2 years ago. Now, I get the feeling that extraordinary measures will be taken to delay this several more years.

This is the primary reason I was considering getting real-estate, but only with a layer of privacy like titling and mortgaging in another name (like an LLC). Yes, if the stuff hits the fan before I got out, I'd vacate and let the LLC take the fall. No skin off my back, just like renting, right? And if it was delayed long enough, possibly sell to the next sucker in line.

Just toying with this idea for now.

[charlesa6]

Originally Posted by jcsmjd

This is the way I buy and sell real estate...

Set up LLC, preferrable out of your state as you want to stay "at arms length" with any statewide court. Set up TWO trusts. The first trust will be the managing member of the LLC and the second trust will have beneficial interest in the first trust. As such, you will be completely invisible. I also suggest filing a dba on your LLC and structure your trusts naming the dba. Hint...the dba "could" be in a man's name. By the way, your LLC should have bearer shares. That way, if for some reason you are stupid enough to go into a courtroom, you just hand the LLC book to a friend and "like magic", you don't own the LLC. You can conventiently take the LLC back from your friend when you get a chance.

There have been soooo many foreclosures in the past 4 years that the markets are flooded with houses owned by landlords who need to rent them. Most landlords LOVE the idea of lease with the option to purchase as they will get some downpayment from you (ie. they get their hooks into you).

Your job is to negotiate as low a downpayment as possible with as low a lease payment as possible. You always, always ask for monetary consideration to lengthen the term. That way you could pay, say, 1k, say 2 years down the road to lengthen the term to another two years.

This process works great for those who have been raped by the courts in the so called foreclosure due process and/or bankruptcy. Remember, you do not own the note. The note stays with the landlord. You just get to use the house for some consideration. If you are smart, I suggest that you have personal property trusts for your tv, stereo, clothes, etc. A personal property trusts for your cars. A land trust if you own property. These trusts should be owned by an out of state trustee that is managed by other trusts.

You should have a foundation trust. One with a regal name. And the foundation trust should be owned IRREVOCABLY by your living trust. Now, since no trust is ever recorded, if you structure properly, you will never be seen by the public, unless you are basically a fool. OWN nothing! Control everything! If you own, it can be taken away the the thieves/lawyer community. You can be BOLD with trusts as you can make yourself a legal pauper and as such, judgement proof. If the thief/lawyer wants to get paid, he will go somewhere else when he finds out you are worth ZERO!

Trusts can offer nice benefit packages, like say, pay for your electric bill, your HOME office, all gas, cable, food, basically the essentials of life. And, this is NOT income.

Take a close look at OJ Simpson. Why has he not paid the Brown's one penny? He does not own anything! His properly prestructured trusts take care of him.

From Bouvier's Law dictionary, rights flow from title ONLY! As such, a beneficiary to a trust has no rights, JUST beneficial USE!

Your TRUSTEE, man, woman, PERSON, has total control. I suggest an LLC, because it can NEVER die, get sick, etc. A simple filing in the company books names a new signing agent and things can be nicely transferred to your children without having a taxable event. Remember, it is taxable, if you are paying taxes, if the OWNER changes. You can assign beneficial interest in any trust without ever changing the Trustee/owner. And, since NOONE will ever see who the beneficial interests are, as no trust ever gets recorded, who will ever find out? Keep your mouth shut, and your affairs private.

Never buy anything, unless you can pay off entire "so called" debt at once. Otherwise, just lease with option to purchase. Once you get good at negotiating good "terms", you may even want to pass thru a deal to a would be third party at a premium of course, whereby you make money on the downpayment, the lease spread and the final payoff. You did take the option as "abc, llc and/or assigns".

I hope this helps. Forget about the credit system. And, always, always, don't forget to ask, "is that your best price?"

Finally, a note to the so called attorneys who practice the so called law and know so little about the law, I cannot tell you how many times I have laughed in the face of a would be taker. Quit being a leach, start producing!

Remember, A wise man hideth when the wicked rise. And from Job 17:12 "He leadeth the counsellors away spoiled, and maketh the judges fools." It is not hard to do.

Good advice. Very informative!

Originally Posted by jcsmjd

This is the way I buy and sell real estate...

Set up LLC, preferrable out of your state as you want to stay "at arms length" with any statewide court. Set up TWO trusts. The first trust will be the managing member of the LLC and the second trust will have beneficial interest in the first trust. As such, you will be completely invisible. I also suggest filing a dba on your LLC and structure your trusts naming the dba. Hint...the dba "could" be in a man's name. By the way, your LLC should have bearer shares. That way, if for some reason you are stupid enough to go into a courtroom, you just hand the LLC book to a friend and "like magic", you don't own the LLC. You can conventiently take the LLC back from your friend when you get a chance.

There have been soooo many foreclosures in the past 4 years that the markets are flooded with houses owned by landlords who need to rent them. Most landlords LOVE the idea of lease with the option to purchase as they will get some downpayment from you (ie. they get their hooks into you).

Your job is to negotiate as low a downpayment as possible with as low a lease payment as possible. You always, always ask for monetary consideration to lengthen the term. That way you could pay, say, 1k, say 2 years down the road to lengthen the term to another two years.

This process works great for those who have been raped by the courts in the so called foreclosure due process and/or bankruptcy. Remember, you do not own the note. The note stays with the landlord. You just get to use the house for some consideration. If you are smart, I suggest that you have personal property trusts for your tv, stereo, clothes, etc. A personal property trusts for your cars. A land trust if you own property. These trusts should be owned by an out of state trustee that is managed by other trusts.

You should have a foundation trust. One with a regal name. And the foundation trust should be owned IRREVOCABLY by your living trust. Now, since no trust is ever recorded, if you structure properly, you will never be seen by the public, unless you are basically a fool. OWN nothing! Control everything! If you own, it can be taken away the the thieves/lawyer community. You can be BOLD with trusts as you can make yourself a legal pauper and as such, judgement proof. If the thief/lawyer wants to get paid, he will go somewhere else when he finds out you are worth ZERO!

Trusts can offer nice benefit packages, like say, pay for your electric bill, your HOME office, all gas, cable, food, basically the essentials of life. And, this is NOT income.

Take a close look at OJ Simpson. Why has he not paid the Brown's one penny? He does not own anything! His properly prestructured trusts take care of him.

From Bouvier's Law dictionary, rights flow from title ONLY! As such, a beneficiary to a trust has no rights, JUST beneficial USE!

Your TRUSTEE, man, woman, PERSON, has total control. I suggest an LLC, because it can NEVER die, get sick, etc. A simple filing in the company books names a new signing agent and things can be nicely transferred to your children without having a taxable event. Remember, it is taxable, if you are paying taxes, if the OWNER changes. You can assign beneficial interest in any trust without ever changing the Trustee/owner. And, since NOONE will ever see who the beneficial interests are, as no trust ever gets recorded, who will ever find out? Keep your mouth shut, and your affairs private.

Never buy anything, unless you can pay off entire "so called" debt at once. Otherwise, just lease with option to purchase. Once you get good at negotiating good "terms", you may even want to pass thru a deal to a would be third party at a premium of course, whereby you make money on the downpayment, the lease spread and the final payoff. You did take the option as "abc, llc and/or assigns".

I hope this helps. Forget about the credit system. And, always, always, don't forget to ask, "is that your best price?"

Finally, a note to the so called attorneys who practice the so called law and know so little about the law, I cannot tell you how many times I have laughed in the face of a would be taker. Quit being a leach, start producing!

Remember, A wise man hideth when the wicked rise. And from Job 17:12 "He leadeth the counsellors away spoiled, and maketh the judges fools." It is not hard to do.

great info, I'm NEW to this, and own some R/E, to I xfer it to LLC? or set up trust, then LLC, then xfer? I am wanting protection from attys, IRS, anyone....thanks