Good thing when we confiscate everything from these criminal enterprises we will all have an opportunity to buy them back up in 10 cents on dollar, lol.
What do you think they mean when they say that you'll own nothing? Is it because they expect you to just stop buying stuff? When all the bankers are dead, we will have world peace.
I'm intimately involved in the process of buying and developing real estate and the LLCs are typically owned by real people. not saying many parts of the system aren't rigged but I can speak to lots of multimillion dollar properties in the Boston area and I personally know the owners. not associated with the evil BlackRocks of the world. banks lending on these are often local banks. now where those banks get there money is likely tied to some of these but that's not them owning the LLC
No they're LLCs to protect the owners from personal liability claims. LLCs are registered with the state and have to disclose their directors. Complicated ownership structures just cost a lot of money to maintain, usually for no reason.
it can be. in my case I'm almost always listed as the manager so nothing is hidden, but you need to realize there are scumbags (plaintiffs and attorneys) out there opposite the developer that blackmail and shakedown the developers. your jaw would drop if you knew of some of the shakedowns I've paid out and that I know other developers have. for no reason other than because they know being litigious will harm the developer and they can benefit financially from being a thorn.
the system is broken I agree but if you were a developer you'd understand the need for various LLCs. a good developer will take care of all reasonable complaints and a typical developer does this for a lifestyle so it's not conducive to build a bad reputation by screwing over buyers or rental tenants. especially these days with social media
Companies of any kind shouldn’t buy homes. I understand that you’re not saying they should and you’re saying that the information here is simply inaccurate, but I’m changing the subject and saying it shouldn’t happen.
perhaps, but attorneys have made it such that any developer that doesn't buy different properties/ homes/projects in different LLC names is a complete moron. if one were to buy properties all in the same name whether personal or a single LLC, the liability on one property can take down EVERYTHING else. a medical student walking by that gets a load of bricks dropped on him because the brick mason didn't secure his platform securely would be just the type of freak accident that would put a developer in the poor house even if the liability really shouldn't be tied to the developer who had no role in the screw up, in this scenario.
additionally, without the LLC any lawsuit, no matter how frivolous, can attach to one's personal belongings/home. not fair or fun.
I agree overall that lawsuits capable of ruining people, except for gross acts of negligence, shouldn't be allowed or a concern, but in the current clown world we live in they are
I’m not very smart…can you tell me for about this? I expect to have my mortgage paid off this year and I’m very concerned about passing property to my kids, so any sources you can give me would be appreciated. I’m very financially ignorant.
This is going to be general because there are specific laws in each state regarding these entities. I suggest you consult with an attorney to set one up.
In basic terms, a trust is a corporation type that is used to manage assets (property, money, etc) for a beneficiary. The trustee makes all decisions, and as long as they are to the benefit of the beneficiary, their decisions are final and unappealable. (E.g. if you sell a house and make a million dollar profit that stays with the trust or perhaps buys other properties under the trust, your beneficiary can't complain because as the trustee you are managing it as you see fit, and these are all potential benefits. However, then taking that million dollars for a personal bender in Vegas is something the beneficiary can take you to court for mismanagement over. )
The benefit of this is that you can generally set the beneficiary and reset it at any time, and change trustees as needs arise. So if you are leaving it to your child and you manage as a trustee, once the time comes for you to pass on, you leave instructions with the court that the child becomes the trustee and s/he can then set a new beneficiary and manage the trust.
The benefit is that, here, the trust is the owner and only the "manager" changed. No taxes are due on personal inheritance, e.g. like when the house is transferred from your name to his or hers. The downside is that there alwys has to be a beneficiary. If your child has no beneficiary to post when you pass on, they manage a terminated trust for their own benefit.
An LLC on the other hand functions much looser. Its a pass through corporate entity that can simply change membership. So you and spouse are members, then you can reassign membership to your children when the time comes and, again, nothing changed hands, so there isn't a tax penalty upon death.
The main difference is that in most states, trusts have tax protections on income - e.g. anything contributed to a trust isn't taxed or isn't as heavily taxed, where an LLC simply passes any tax burdens onto the membership.
The huge gulf between states and the variabilities are in how you can use funds/assets in a trust. Some states are heavily restrictive in what a trustee can do. Other states basically assume its yours until you're dead and it's not their business.
I think trump will throw the win in 2024 and give it to RFK.
Too many people hate him too much, and he will, as he says, gladly take the slings and arrows, and then step away and "lose" to RFK.
RFK is less 'offensive' than trump and is the type to be accepted by democrats republicans and otherwise. He will win and fulfil the 'return of the king' aspect of this story we're all in.
I have been thinking about this too especially with Trump saying he would walk away if he thought someone would do it better.
Trump also just deserves to enjoy retirement with his grandchildren. Not sure why your opinion deserves downvotes. I could see RFK being VP or the President. If he was VP I bet his main job would be to dismantle big pharma and what not.
I don't know about RFK, but I've had this thought as well. Maybe Trump is just the lightning rod of hate, and the actual planned 2024 candidate hasn't appeared yet. By the time they do, the DS won't have any ammo to fight them.
Things would probably work out with any combination of trump and/or rfk at the helm.
They are both capable and honest leaders, though RFK's name has had much less hate thrown at it. Trump's good name will essentially be sent kamikazee into the media and deep state machine, allowing RFK (or someone else, like john john kennedy) to deliver the finishing blows. Meanwhile Trump takes the time to chill with his family. He's an old man, after all.
Good thing when we confiscate everything from these criminal enterprises we will all have an opportunity to buy them back up in 10 cents on dollar, lol.
Beat me.
At today's rate it should be 1 cent on the dollar.
We should be at $20.67 for an ounce of gold.
We are about $2000 for an ounce of gold.
They want to move as much money as they can into real assets before their paper assets burn up.
And they want us to own nothing and be happy.
Fuk them.
I get those those calls I tell them 3 times my value.
I’ve been doing the same. It’s fun to get them all riled up.
That’s a definite win win. Win if they buy it and win if they walk away pissed. Haha
What do you think they mean when they say that you'll own nothing? Is it because they expect you to just stop buying stuff? When all the bankers are dead, we will have world peace.
They want you to rent and lease everything.
I am so glad you posted this and for RFK Jr getting this information out.
And the Central Banking families control/fund BlackRock.
I'm intimately involved in the process of buying and developing real estate and the LLCs are typically owned by real people. not saying many parts of the system aren't rigged but I can speak to lots of multimillion dollar properties in the Boston area and I personally know the owners. not associated with the evil BlackRocks of the world. banks lending on these are often local banks. now where those banks get there money is likely tied to some of these but that's not them owning the LLC
All of these LLCs is just obfuscating who actually owns the property. Shady by design
No they're LLCs to protect the owners from personal liability claims. LLCs are registered with the state and have to disclose their directors. Complicated ownership structures just cost a lot of money to maintain, usually for no reason.
it can be. in my case I'm almost always listed as the manager so nothing is hidden, but you need to realize there are scumbags (plaintiffs and attorneys) out there opposite the developer that blackmail and shakedown the developers. your jaw would drop if you knew of some of the shakedowns I've paid out and that I know other developers have. for no reason other than because they know being litigious will harm the developer and they can benefit financially from being a thorn. the system is broken I agree but if you were a developer you'd understand the need for various LLCs. a good developer will take care of all reasonable complaints and a typical developer does this for a lifestyle so it's not conducive to build a bad reputation by screwing over buyers or rental tenants. especially these days with social media
Companies of any kind shouldn’t buy homes. I understand that you’re not saying they should and you’re saying that the information here is simply inaccurate, but I’m changing the subject and saying it shouldn’t happen.
perhaps, but attorneys have made it such that any developer that doesn't buy different properties/ homes/projects in different LLC names is a complete moron. if one were to buy properties all in the same name whether personal or a single LLC, the liability on one property can take down EVERYTHING else. a medical student walking by that gets a load of bricks dropped on him because the brick mason didn't secure his platform securely would be just the type of freak accident that would put a developer in the poor house even if the liability really shouldn't be tied to the developer who had no role in the screw up, in this scenario.
additionally, without the LLC any lawsuit, no matter how frivolous, can attach to one's personal belongings/home. not fair or fun.
I agree overall that lawsuits capable of ruining people, except for gross acts of negligence, shouldn't be allowed or a concern, but in the current clown world we live in they are
If you are smart, a trust is what you used to buy your property. In some states, trusts have been gutted and they instead use LLCs.
It is how you transfer weath through generations.
If you want to control for actual for-profit companies owning homes, take the profit out of it if they are owned for less than 5 or even 10 years.
I’m not very smart…can you tell me for about this? I expect to have my mortgage paid off this year and I’m very concerned about passing property to my kids, so any sources you can give me would be appreciated. I’m very financially ignorant.
This is going to be general because there are specific laws in each state regarding these entities. I suggest you consult with an attorney to set one up.
In basic terms, a trust is a corporation type that is used to manage assets (property, money, etc) for a beneficiary. The trustee makes all decisions, and as long as they are to the benefit of the beneficiary, their decisions are final and unappealable. (E.g. if you sell a house and make a million dollar profit that stays with the trust or perhaps buys other properties under the trust, your beneficiary can't complain because as the trustee you are managing it as you see fit, and these are all potential benefits. However, then taking that million dollars for a personal bender in Vegas is something the beneficiary can take you to court for mismanagement over. )
The benefit of this is that you can generally set the beneficiary and reset it at any time, and change trustees as needs arise. So if you are leaving it to your child and you manage as a trustee, once the time comes for you to pass on, you leave instructions with the court that the child becomes the trustee and s/he can then set a new beneficiary and manage the trust.
The benefit is that, here, the trust is the owner and only the "manager" changed. No taxes are due on personal inheritance, e.g. like when the house is transferred from your name to his or hers. The downside is that there alwys has to be a beneficiary. If your child has no beneficiary to post when you pass on, they manage a terminated trust for their own benefit.
An LLC on the other hand functions much looser. Its a pass through corporate entity that can simply change membership. So you and spouse are members, then you can reassign membership to your children when the time comes and, again, nothing changed hands, so there isn't a tax penalty upon death.
The main difference is that in most states, trusts have tax protections on income - e.g. anything contributed to a trust isn't taxed or isn't as heavily taxed, where an LLC simply passes any tax burdens onto the membership.
The huge gulf between states and the variabilities are in how you can use funds/assets in a trust. Some states are heavily restrictive in what a trustee can do. Other states basically assume its yours until you're dead and it's not their business.
This is incredible. Thank for taking the time to explain this.
I'm glad I can feed another for life.
I think trump will throw the win in 2024 and give it to RFK. Too many people hate him too much, and he will, as he says, gladly take the slings and arrows, and then step away and "lose" to RFK.
RFK is less 'offensive' than trump and is the type to be accepted by democrats republicans and otherwise. He will win and fulfil the 'return of the king' aspect of this story we're all in.
I have been thinking about this too especially with Trump saying he would walk away if he thought someone would do it better.
Trump also just deserves to enjoy retirement with his grandchildren. Not sure why your opinion deserves downvotes. I could see RFK being VP or the President. If he was VP I bet his main job would be to dismantle big pharma and what not.
I don't know about RFK, but I've had this thought as well. Maybe Trump is just the lightning rod of hate, and the actual planned 2024 candidate hasn't appeared yet. By the time they do, the DS won't have any ammo to fight them.
Things would probably work out with any combination of trump and/or rfk at the helm.
They are both capable and honest leaders, though RFK's name has had much less hate thrown at it. Trump's good name will essentially be sent kamikazee into the media and deep state machine, allowing RFK (or someone else, like john john kennedy) to deliver the finishing blows. Meanwhile Trump takes the time to chill with his family. He's an old man, after all.
RFK thinks the reasons COVID lockdowns were bad was because people couldn't go out and have casual sex
Yep....can confirm, having been a part of 100’s of real estate transactions over the last couple of years (as a notary). So many LLC purchases.
The system is rigged against us. Shout this everywhere, RFK Jr!
They won’t because the states are raking in big bucks in property taxes😡