Anonymity compliant structure for rental property in Dallas

[Ron D.]

I found this post

https://www.biggerpockets.com/forums/585/topics/460899-how-to-set-up-asset-protection-with-anonymity-in-texas and would like to setup something similar for my DFW rental properties? Anyone know of a good RE attorney who can help with this strategy? Hopefully a reasonable attorney :-)  Please do share your experience if you have setup something close or similar to this structure.

Thanks,

RD

[Costin I.]

Asset protection is insurance against litigation. And while not perfect fool-proof (it doesn't prevent from being sued), it acts as a deterrent by minimizing the target and making it appealing. That being said, you do need to have something to protect: substantial personal assets, substantial equity in your investment properties (otherwise the mortgage deed itself acts as a deterrent) and/or cash flow.

@Ryan Blake is not wrong, if you get sued, the attorneys and courts will work to uncover the chain of ownership. But the main idea is to make it difficult and expensive to sue - and often the attorney works on contingency and if he can't find what you own without substantial expense, he might not be in a rush to sue you and look for an easier target/client.

@Ron D. You should listen to BiggerPockets Podcast 109 and talk with @Scott Smith.

Here is a diagram to help you in this questions: