Apr
27
How do I buy commercial property without the seller knowing my identity?
By
I want to buy the business property I am currently in but do not want the seller to know that I am buying it. Long history that I won’t go in to, but the property is for sale, I do not want to move, but he won’t sell it to me. Someone suggested forming an investment company. Is that the right thing to do and how do you go about it?
Real Estate Professionals
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3 Comments
June 2nd, 2009 at 11:51 pm
Yes, you can form a company that’s purpose is to buy (and hold) the real estate. For commercial property, this is actually fairly common.
However, you need to ensure that your name is not tied to the “holding company.” Therefore, you’ll need someone else as the registered agent.
June 3rd, 2009 at 8:42 am
you can do this..
but you will need to sign..
you can hire a lawyer to do this on your behalf
a lawyer is the safest to do..
phone a lawyer and ask………
a “real estate specializing lawyer”
they will have no problem hiding your identity..
and do it quickly if this person seriously knows your interested they may take any offer no matter how bad to eliminate you..
it is an “assigment” and while a realtor could do this..you will have to find someone to go on named as purchaser and assign it to you…their offer…..it isn’t difficult…………if you have a 3rd party willing to do this……and they transfer /assign the papers to you
good luck
June 6th, 2009 at 5:10 am
1. There are a few things you can do that will largely fill the requirement.
You will have an issue in how you expect to finance the property as a new entity might not have the financial ability without disclosing who is behind the company.
2. Start with a lawyer. The ways to accomplish a purchase will require specialized knowledge. Many investors have this knowledge but it is not something they built up quickly on the first deal. A RE lawyer will have the knowledge and can legally represent you or a new entity. They will also know the details if an assignment is used, etc.
Good luck.
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