GlobalWealth
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Yeah I guess, I know some people who play a lot of games. Property's in their kids names, foreign owned companies etc.
I rather just leave the property's paid off in the name of a corporation.
The problem with RE is that its not to hard to figure out who controls what corp, just look at the mailing address for the tax bill. Unless its a PO box, but that isn't much harder. I find it hard to beleive a good PI hired by an attorney couldn't dig it all up pretty quick.
A corporation is the worst possible way to own property. If you are sued personally any shares you own in a company can be taken in a judgment. If your property is owned by a corporation, then you can easily lose your assets. Not so with an LLC. Even better if you have stripped the equity away and thus made it completely unattractive to a creditor. Attorneys only care about their own payday. If there is no equity in the property, its a waste of their time.
Privacy, however is a different matter. You can make the RE ownership private using nominee or anonymous managers, and offshore ownership with an IBC or trust. But this wasn't the subject of the thread.
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