The New Real Estate Report That Reveals Who Actually Owns Property
A new real estate filing requires four sections of disclosure: the filer’s contact details (often a title company, law firm or closing agent), the property’s address and legal description, the transferee’s identity (the beneficial owner who will hold the property, including name, address and Social Security number) and the transferor’s information. The rule specifically pierces LLC veil by demanding the ‘control person’ or owner of any entity be disclosed, prompting concerns over loss of privacy. Filers must list full personal data for buyers and sellers, even when ownership is held through intermediaries. The report centralizes ownership data previously shielded by corporate structures and closing agents’ processes.
What Is an IRA LLC?
An IRA LLC, also known as a self‑directed IRA LLC, allows investors to hold alternative assets such as real estate within a retirement account. By forming an LLC owned by the IRA, the account holder gains direct control over investment...
Don’t Buy Property With a Partner Without an LLC
The video warns against buying property with a partner without forming an LLC, as the default legal structure is a general partnership that exposes each party to unlimited personal liability. By operating without an LLC, partners share responsibility for each...