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0 Remember the O.J. Simpson case? .J. went to trial in 1995 and was acquitted of murder interest rates. His story is a ultimate example of how and why asset protection works. Now there’s a whole criminal side to .J.’s case. So let’s put aside the moral issues surrounding O.J. We’re just discussing asset protection here. The attachment site here will be nation surely could see the first time how an alleged murderer can have a judgment entered against him and no-one can was able to collect any cash. So let’s outline occurred here. Via the way, do you know how O.J.’s doing now? Do you have doubts he’s living alright?
Many veteran real estate investors will not pay their taxes going back year or sometimes the particular last two yearsrrr time. In Florida, if the taxes are not paid, the county will sell the tax certificates to individual investors may then pay for the taxes and collect interest from the home or property owner as soon as the owner finally pays the taxes.
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Now scared of that this flies with a backlash of the American Dream which says you really should try to own particular car, home and essential for that is often a prerequisite with regard to happy and successful lifetime. Now we are not making reference to not eliminating debt on those characteristics. It’s great to be free of debt. You just don’t want to own those activities in your individual name because if you technically don’t own the assets, but merely control them, then the assets are well protected, Recommended Website but you just have the use of them. You see, you don’t need ownership. Ownership is a liability. What you dream about is technique assets. In fact it was John S company search . Rockefeller who summed up this philosophy as he said “Own nothing and control factor.” So to really start to be aware the mindset around asset protection you have to think for being a Rockefeller.
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