How to Own Your House and Car Anonymously

11 Flares 11 Flares ×

The secret to success is to own nothing, but control everything.
-Nelson Rockefeller

“I wrote down your license plate number, you’ll be hearing from my lawyer!”
-Average Crybaby

If you are concerned about privacy, and you should be, it should be of interest to you learn how to own your house and car anonymously.

The rich hide their wealth, their ownership, their business and anything else they can hide and they hide it all for good reason. You should make it very hard for anyone to find out what you own.

There are a million ways for you to lose everything you have. You can be sued for anything. Junkyard attorneys are looking for anyone and everyone they can get a little piece from. Any scumbag can sue you at any time and for any reason. Maybe they won’t win, but they often do. Even if they do not win a settlement, you have already paid thousands to an attorney to defend yourself.

You are a walking target if you have means. You are a walking target if you own a house or a car outright. You are a walking target if you have plenty of equity in your home. You are a target if anyone can see what you own. The more successful you are, the bigger the bullseye on your back is.

However, if you don’t have means or, even better, if you appear to not have means then your would-be benefactors will go after an easier target. If a junkyard attorney does a little digging on you and it appears that you own nothing of value then he isn’t going to waste his time with you.

Who do you think is more likely to get sued:

  • A) A man who owns a home worth 350k and has equity or
  • B) A man who leases a home valued at 350k and clearly has no equity?

Clearly the gentleman in section A is the appropriate target for a frivolous lawsuit because he clearly (and publicly) has means which he can access by selling his home or taking a home equity loan. The gentleman in section B does not make a rich target for a Shark attorney. An attorney isn’t going after someone who rents or leases a home, there is no money to be made there.

You may be thinking to yourself that surely no one is ever going to sue you over trivial matters. That’s a mistake on your part. This line of faulty thinking is based on the assumption that other people think just like you do, and since you would never file a frivolous lawsuit then certainly no one else will file one against you, right?

Dead wrong. If everyone thought that way then the phrase “Frivolous Lawsuit” wouldn’t exist. Not everyone thinks like you and not everyone has integrity. That is a fact you must get used to.

But surely common sense will prevail and I won’t get sued for something that isn’t my fault, right?

Look around you, common sense ain’t so common. Common sense is a gift bestowed only upon the intelligent (and intelligence doesn’t cancel out greed or desperation). Scumbags sue the better off every single day of the year. They sue because they don’t care about you, they don’t care about what’s right or wrong, and they don’t care who they ruin. They want, want, want and they aren’t willing to work for that want and they want you to give and give and give.

There is, obviously, one thing in common with frivolous lawsuits:

MONEY

Specifically, poor or desperate scumbag losers sue rich companies or rich people in hopes of getting a nice, big fat payday.

Well, friends, maybe you aren’t rich but are you richer than a ghetto piece of welfare trash? I’m guessing that you are.

Maybe you aren’t cash rich, but do you have equity in your home? Do you have assets (car, boat, motorcycle etc..) that you can sell? Do you have something to lose? The junkyard dogs will salivate at the thought.

And that’s why you need to protect yourself and your assets from the prying eyes of the frivolous.

And the #1 way you protect what is yours is you HIDE IT.

The two things that are of the greatest value, that most people have, are a car and a house.

There are a million reasons you can be sued or otherwise targeted and, if you own everything under your own name, there are a million ways to find out what you own and how much can be taken from you. Something as simple as your license plate number can give incredible personal details about you. That is if, of course, you have your car registered under your own name.

What happens if someone is intent on getting something from you and all they have is your license plate number but, wait a second, they cannot get any information about you personally? Nothing. That’s exactly what happens. They’ll move on to the next target who has naively put everything he owns under his own name.

What to do if you own a house:

Well, to start if you buy a house you should buy with cash. You should not get a mortgage. It isn’t home “ownership” if you have a mortgage. You simply rent from the bank instead of renting from a landlord and, oh yeah, you get to be responsible for all repairs. When you rent your landlord is responsible for all repairs.

You’ve heard of the “Rent-to-Own” programs for people with bad credit. They can “buy” a house on a rent-to-own plan and one day they can, maybe, own the house. You have probably laughed at these types of commercials and the people that do this and then, after you get done laughing, you write out your very own rent-to-own mortgage check to the bank for the house you don’t own. Those rent-to-own people just weren’t smart enough to actually “buy” the house and get a mortgage, unlike you.

What to do if you own a car:

The same goes for car ownership. When you go to purchase a car you should actually purchase the car and not rent to own from the bank. If you can’t pay cash you should not buy the car. You could get a 20k loan and “buy” a brand new car or you could save up 10k and purchase a model that’s a few years old and now you own it outright.

What if I need a brand new car to look successful but I can’t pay cash?

Well then, if you want to look successful you should probably actually become successful enough to buy a car. Nothing looks more successful than success.

How to hide ownership of your house and car:

Ok, now that you have purchased your home and your vehicle with cash and you own them outright you are an attractive target to unscrupulous attorneys and lesser’s. How do you own your house and car anonymously so that you aren’t a target and no one knows what you own?

I’m glad you asked. Here is the answer…

You assign ownership of your house and your car to an LLC.

Specifically….

You open a New Mexico LLC and you assign the ownership of the house and the car to the New Mexico LLC.

Now the New Mexico LLC (limited liability company) owns the house and the car. In the eyes of the average lawyer or private investigator looking into your assets you don’t own anything. But wait a second, obviously you own the LLC so they could just easily trace the ownership back to you and prove that you own it, right?

Wrong.

New Mexico State LLC’s offer the greatest privacy for any American company.

An LLC is a very common business structure. LLC stands for Limited Liability Company and anyone can open an LLC. The owner of an LLC is public record in nearly every state and anyone who wants to find the owner of an LLC can easily do so.

But….

The great state of New Mexico DOES NOT PUBLISH THE OWNER(S) OF THEIR STATE LLC’s. In fact, New Mexico doesn’t even know who the owner(s) of a specific LLC is!

The New Mexico LLC is often called the Invisible New Mexico LLC or the Anonymous LLC and it is one of the ultimate strategies of privacy and wealth management.

There are only 3 things required for a New Mexico LLC articles of incorporation:

  1. The name of the company and the address of the principal office (an address of your choice)
  2. The name and address of the Registered Agent (which must be in New Mexico, details below), and
  3. The duration of the LLC, which can be limited or perpetual (often 100 years)

The state of New Mexico does not require the names of the owner(s). The only place where your name goes is on the PRIVATE operating agreement, which is a document that ONLY YOU control. Literally only you will ever know who the owner of your New Mexico LLC is. The only way for anyone else to know is if you tell them.

The mailing address for the principle office can be anywhere in the world and you do not need to reside in or do business in New Mexico. There are no annual fees or reports for a New Mexico LLC, and even changes of ownership are completely private and confidential. Not only is the New Mexico LLC the best in privacy protection, it is the cheapest privacy strategy and holding company in existence (New Mexico only charges $50 for filing an Articles of Organization) .

Now, you do have to have a registered agent, whom New Mexico can contact, and they must be addressed in New Mexico. There are plenty of companies you can hire to be your registered agent and they will charge around $100-$150 per year. The registered agent will receive official communications from the state and forward them to you accordingly and they will keep your name private.

The only way that New Mexico or your registered agent can demand the name of the owner(s) of an LLC is by court order.

New Mexico LLC’s are most commonly used as a holding tool, rather than an active business, for houses, vehicles, boats etc… You do not want to do business from any New Mexico LLC in which you own and hold property and you do not want to get an EIN (employer identification number) for your New Mexico LLC. Your New Mexico LLC will simply be a holding company to keep your property ownership anonymous and out of the view of prying eyes.

What about taxes?

If you don’t derive an income from your New Mexico LLC you don’t need to pay any taxes.

What about non-American foreigners, can we open a New Mexico LLC?

Yes, foreigners can open a New Mexico LLC.

 ——————————————————————————————

HOW TO OPEN A NEW MEXICO LLC

You have two ways to open a New Mexico LLC.

  1. You can go through the state of New Mexico and open an LLC yourself or
  2. You can hire a company to take care of all that stuff for you.

LLC’s are formed by filing an Articles of Organization with the New Mexico Public Regulation Commission Corporations Bureau.

You can file the Articles of Organization for a mere $50 (for foreigners, the price is $100).

If you open the New Mexico LLC yourself you will still need to use a New Mexico Registered Agent service, so you will come out of pocket around $200 or less. There are no yearly fees to the state of New Mexico, but you will have to pay for registered agent service yearly (or several years in advance).

If you wish to use a company to set up your LLC for you, you have a couple of options. You can either choose a name for your company or you can purchase a “shelf company”. A shelf company in an already-formed LLC that has never been used and is ready to go.

The cost to open a New Mexico LLC with a company (that includes registered agent service) is typically $325-$425. If you look around, sometimes you can get a good deal that includes 2 or 3 years of registered agent service included in that price.

 ——————————————————————————————

When you put your property into a New Mexico LLC the junkyard dogs can sniff around all they want, but they will never be able to find what property you own or who the owner of an LLC is without a court order.

If you happen to get into a fender bender with a crazy person who jots down your license plate number in hopes of getting your address all they will find is a dead end.

If you wish to keep the equity in your house hidden you have a very easy solution, you assign the title of the house to your LLC and then you file a “friendly” mortgage with the LLC and you rent your own house from the LLC. If you own a 300k house, you file a 275k, or so, mortgage with the LLC. If the junkyard dogs miraculously DO happen to get a court order exposing the ownership of the LLC, they will see that you have no equity in the home and it will be a waste of their time to proceed. Note: You do not have to make monthly payments to your LLC if you assign a mortgage to your house. You set the terms of the agreement (you don’t ever actually have to pay anything, to yourself).

Okey doke, friends. I hope you have seen the need and the value in protecting yourself and your assets. What’s mine is mine and I do what I can to keep it that way, and you should too.

If you’re a man of means you need to protect those means.

And if you aren’t a man of means, what are you waiting for?

-Victor Pride

PS – There are a million more reasons you need to keeps your assets private, reasons that I did not discuss in this article; frivolous lawsuits are just one of many reasons. Even if you aren’t worried about frivolous lawsuits, it should not be anyone’s business but yours what you own. Why make it so that anyone can find out what you own?

You may also like
11 Flares Twitter 8 Facebook 0 Google+ 2 Pin It Share 1 11 Flares ×

Did you like this post?

Join 16,000+ other subscribers and get FREE updates about how to kick more ass. Enter your email address below and hit GO, we will never share or sell your email address with anyone...


badnetad1

Comments

  1. So let me get this straight-You can create a New Mexico LLC and write that in as the owner of your house and/or car. Not only does it look like you own nothing, but you also DON’T PAY ANY TAXES?! I feel like there is a catch somewhere….

    • Victor Pride says:

      An LLC is a pass-through tax entity meaning an LLC will never pay taxes, only the person. If you use the LLC for income generation of course you pay taxes but since it is advised to use as a holding company you do not pay taxes because you aren’t deriving an income. You PERSONALLY do not pay any income tax. You will obviously still have to pay yearly property tax on your home or the tax man will take it from you. You pay automobile tax when you purchase your auto, or boat, motorcycle, rv etc .. and pay the bastards again when you have to renew registration. A NM LLC is not a tax minimizing strategy, it is a privacy strategy.

  2. similar LLC rules here in Wisconsin. Only the registered agent is listed with the state and the owners are kept on record in the files at the company office. There could be some capital gains issues selling the house or vehicle and making money on it as its not a principal residence anymore but privacy is assured.

  3. Are you aware of any first-person accounts of wealthy people who were victimized by scum bag lawyers or money-seeking thugs? Not saying that I doubt it happens (in fact, I’m absolutely sure it happens) I just think it would be interesting to read some first person accounts.

    I’m personally aware of individuals who were targeted by the U.S. government and had their assets seized but I’d like to read some accounts of regular, successful people who lost money simply because they didn’t have it “protected.”

    • Victor Pride says:

      Matt,

      If you would really like to know, I am far more concerned about papa government than I am about scumbags.

    • Joey the Bartender says:

      Plus its also a great way to hide things that may be subject to division should one’s marriage go south and a divorce is imminent. Can’t divide what they can’t prove you own…

  4. Vic,

    Good article. I don’t think getting a mortgage in today’s interest rate environment is a bad thing. When rates are high, it’s best to pay cash. But, rates are at historic, multi-generational lows now. We’ll never see them this low again in our lifetimes, I believe. It’s about as close to ‘free money’ as we’re going to get in terms of mortgage rates. Another thing, because of the seriously low rates ( 3 -4 % ) one can afford monthly payments on a whole lot nicer house then one could afford when rates are in their ‘normal range’. I mean, it costs the same now monthly to get into a 300K house as far as monthly payments as it did to get into a 200K house 7 – 10 years ago. So, I’m not saying people should go out and leverage to the hilt nor that paying with cash is a bad thing. I just think with this once in a lifetime opportunity of really cheap money, nothing wrong with locking in at today’s low rates. In another 5 + years, we’ll look back on these low rates with wonder I think.

  5. Hello and thanks for the very well written and informative article (as usual).

    I have a couple of questions for you:
    1. Can one be subpoenaed by a government authority to reveal this information? Or does this fall under the 5th?
    2. Can this be used in a divorce? As in hiding your stuff from your wife?
    3. Does transferring the property to the LLC leave a paper trail? In other words, an investigator finds this information and then can it go to #1?

    Thank you, and keep up the good work!

    • Victor Pride says:

      1) Yes, of course. Court order is the only way to reveal owner of a NM LLC.
      2) Not if your wife knows about it and tells her attorney. Otherwise, yes but not the family car and nothing she knows about. If she knows about it you’re up poop creek.
      3) You can look up records to any house and see who owns it, but you cannot look up and see who owns a NM LLC. No one will even know what state the LLC is registered in. Paper trail will say that the house was sold to XYZ, LLC. Someone sees XYZ, LLC owns the house where do they go from there? Nothing is known about XYZ, LLC. If you took the extra advice and filed a “friendly” mortgage against the home and rent it from XYZ, LLC you are just leasing the house.

  6. shoot! i’m going to have to get me a LLC from New Mexico! America is so full of opportunities that we can do things like set up an LLC to protect our wealth. I like it! I also heard that the best place to set up a corporation is in Delaware. Unfortunately i heard they pay more taxes than an LLC

  7. Great informative article.
    Another option would be to make money online and live abroad.

  8. How do you explain to the officer who’s pulled you over for speeding why car’s registration (to the LLC) and your driver’s license don’t match?

    • Victor Pride says:

      You mean if the car is registered to XYZ, LLC why is your name not XYZ, LLC? A copper isn’t going to ask that and 50/50 will ask about the cars ownership. Just say this, if they even ask, “It’s a company car”.

  9. >You can file the Articles of Organization for a mere $50 (for foreigners, the price is $100).

    Are you saying a foreigner can open a NM LLC??

  10. How about that moment when there’s a court order on your New Mexico LLC just to see that it’s owned by another shell operating out of Nevis?

    ;)

  11. Victor,

    Would you kindly relate your experiences with transferring ownership of your vehicle and/or house to an New Mexican LLC?

    Victor’s post is a quick synopsis of some of the strategies espoused in the book “How To Be Invisible” by J.J. Luna. Mr. Luna is an American who honed his craft to remain under the radar during Franco’s dictatorship in Spain.

    If anybody here reading this is even remotely concerned about the government abusing its power, then it would behoove you to pick up the book. That being said, I HAVE founded an LLC in New Mexico with the express purpose of transferring title of my automobile.

    Even though what Victor writes here sounds simple, it is anything but. Each state is different, so you results may vary, but I tried to transfer title in my car to my NM LLC in the glorious state of New Jersey. Long story short: the NJ DMV would allow the transfer to happen as long as I had an Employer ID Number (EIN). This is basically a SSN for businesses. When I tried to explain to the DMV person that I was the sole owner of the LLC and its only intended purpose was to possess this vehicle, I got blank stares.

    Trying to get an EIN is not an easy process, as basically you’re telling the state that you’re starting a business. Consequently, there’s all sorts of paperwork to be filled out, fees to be paid, annual statements to be filed, and maybe even taxes. I’m not evening touching upon the car insurance issue, since GEICO etc. view ownership in an LLC as a case for insurance to a firm instead of to a person (costs more money).

    If you go to JJ Luna’s website, you’ll see that plenty of people have run into my problem as well. Some states don’t care who owns the car and won’t mandate an EIN at the point of transfer. Most states like NJ, however, will want to see that the LLC has an EIN so that papa gov’t gets his taxes.

    Conclusion: unless you’re actually wanted by the law or doing something very illegal (evading taxes, smuggling/distributing/producing drugs, etc.), then I would recommend NOT going down the NM LLC route, at least for a car. With the home you’ll likely have to engage an attorney, which may make it simpler for you, but it’ll cost a helluva lot more.

    • Victor Pride says:

      DDR,

      It is much easier to simply purchase your goods under the name of the LLC in the first place, rather than transferring them at a later date. I can’t speak for Jersey, but I have never had an issue owning houses or vehicles in an LLC, though auto insurance is slightly higher. Getting an EIN is not hard, you can apply online and the EIN is issued immediately. But that would completely defeat the purpose of using an anonymous LLC. One thing you may want to consider, and I have no idea about Jersey taxes, is simply selling your car to the LLC at a substancial discount and paying taxes on the heavily discounted sales price. That is if Jersey doesn’t demand taxes for the estimated value of the auto and not the sales price.

  12. I really like this site, but I don’t think that Victor is qualified to give legal and tax advice. Everyone looking to protect their assets need to consult an attorney.

    New Mexico LLC’s are the new Nevada LLC’s. Don’t fall for this trendy pop-asset-protection, because the law changes frequently as time goes on.

    Instead of holding real estate in an LLC, use a land trust instead. They’re cheaper, easier to set up, and don’t have annual fees. They also don’t trigger red flags for the IRS. You can do the same for automobiles, but again, consult an attorney because the law varies from state to state.

  13. Thank you for the article.

    How does getting a EIN trigger the lack of privacy when setting up a NMC, LLC?
    If a NMC, LLC is set up are you saying for privacy’s sake the LLC, should only operate as a holding company and there should be no, EIN, no business checking account and so forth?

    • Victor Pride says:

      A NM LLC is for storing (hiding) your property. You DON’T NEED an EIN, no bank account etc.

      • If the property is held in the LLC’s name, the property tax bill will come in that name. In Massachusetts, we also have the issue of annual excise tax on vehicles and the need for an SSN/EIN for registering the vehicle. When bills come to the LLC, do you just pay them using your personal checking account rather than a corporate account?

        • Just pay with money order or have your lawyer pay for it….or give a limited power of attorney to someone who can handle it…don’t pay with your checking account…

  14. How do you register the car at the DMV when I took my LLc they asked for a I’d and my name was on my registration d.b.a.

  15. This is good advice. You can also but insurance for your home and auto with an umbrella policy that can cover you for a $Mill+.

  16. Um, I don’t know why no one has asked the question begged, but if you transfer these items into an LLC, don’t they become assets of the LLC, thereby increasing its value, and in a lawsuit, then your shares in this entity consequently become valuable enough to go after?

    The LLC ownership may be anonymous (I wouldn’t know) but public records WILL exist for the transfer of car / house / boat titles, etc. When hauled before a judge to ask where these items are, what are you going to say, “I gave them away?” That’ll run you afoul of any number of laws. Your personal income tax filings will show dramatic drops in income as you “spend” your personal money into the LLC, and the IRS should have those transfers on record.

    If what the author were saying were true, any business owner with an LLC that looks legitimate enough to get a loan would have every incentive to pay nothing, form a second LLC into which to transfer the assets of the first, and leave the bank empty handed with an orphaned shell corporation. I’m sorry, but, I don’t think it works this way. LLCs don’t get easy credit cards like they used to anymore, and a typical loan is probably going to require some kind of collateral.

    If you can pay cash for a house or car, you’re doing pretty well in America. Why not just protect yourself legitimately with personal liability insurance?

  17. How do you assign a car from a different state to your new LLC? Do you have to sell it to the LLC and then pay taxes again? Or can you just sign it over? And if you can just sign it over I assume you would list the registered agent as the new debtor on the loan (0% apr for 60 mos)

  18. Hey Man

    Have Question :

    I Want open a Company for SMartphones Apps. Can i Open this in New Mexico?
    -So i have a Company in new Mexico
    – So i cant take all Privat.

    I see thats is no Problem for Foreigners.

    I mean when i register a Company in swiss and i want later to register the LLC in new Mexico, is better to make it now in New Mexico, Right?

    Thanks man your follower.

    Xhej

    • Victor Pride says:

      Yes, foreigners can open NM LLCs but I don’t see any real reason why you’d want a NM LLC for business. As I’ve described, it’s simply a way to hide OWNERSHIP. If you transact business you can’t hide ownership.

  19. lostdimension says:

    I am a foreigner and I have a NM LLC. I need a EIN for my LLC but since I am a foreigner, i do not have a ssn, so how can i go about to obtain an EIN for my NM LLC?

    • Victor Pride says:

      Why do you need an EIN? You need an EIN to do business. I never recommended an NM LLC for doing business, it’s for privacy. If you get an EIN you lose all privacy. So what’s the point?

Trackbacks

  1. […] Own your house and car anonymously. […]

  2. […] Bold And Determined – How To Own Your House And Car Anonymously […]

Speak Your Mind

*