Also, do I have to get into trademarking a name?
Current rules state you are not allowed to own more than 1 house in your name...
i.e. I can’t be very helpful with this one...
Put one in a trust.
Consider using a grantor trust or LLC especially if you do not reside in same state. Discuss with estate planning attorney.
Contact a decent realestate/estate attny. Pay now or pay later and Freepers wont help you with your losses
What state are you in?
Check the covenants and deed restrictions. It is very possible that there are provisions related to building height and view obstruction. If so, that very likely resolves your concern.
There have been a number of cases in the state of Washington where an owner thought they could ignore the deed restrictions on height, thinking they just might have to pay a fine only to learn they have to tear down to portions that are in violation; and the other party’s legal bills.
See post number 7. That’s the best advice anyone can give you. And, be sure anyone you hire is in that town or knows the rules there as well.
Although personally, I am totally with post number 3.
How is it constitutionally possible for the locality to declare it illegal for one party to own more than one residence there.
Why don’t you act on your principles and go ahead and by the other place in your name and challenge the “rule” that says you can’t.
Sell out now, while you still can.
I don't think we have many that are qualified to give advice to folks that live in Russia or China.
What the hell kind of crap is that, that says you can't own more than one home?
GET OUT NOW!
Bunch of damned anti-capitalist morons run the place.
You'd be better off somewhere else.
(I have three homes (four, if you count the damned mobile home) in my name. When will the goons be here to confiscate them?)
Sheesh!
Build higher.
Sorry, not enough info. What state? What entity says you can’t own more than one? What else “can’t” you do?
I own quite a few properties but none beachfront. A house near the beach that you live in is expensive enough, and the insurance must be phenomenal; a house on the beach that you don’t live in, is probably far more expensive and risky. But if you’re ok with it, Lord love ya!
Check your insurance too! Some insurance companies WILL NOT cover an LLC or Trust named property.
I’m a mortgage lender.
Who is making the rule?
If it’s a HOA some have rules against renting units out, is that what it is?
Also lenders won’t loan on property in a LLC , at least normal residential financing.
Maybe some type of business loan would
Delaware is the state with the most affordable costs to incorporate.
Or, perhaps you can establish a family foundation through which to buy the house.