hawaiianrealty.com hawailanrealty.com * hawaiianrealty.com hawaiianrealty.com. hawaiianrealty.com hawaiianrealty.com. hawaiianrealty.com hawaiianrealty.com ED HAWAI'I LIFE REAL ESTATE BRO hawaiianrealty.com 800-667-5028 ext. 8122 Denise S. Nakanishi RB-17031, ABR, CRS, GRI, SRS "Major Mom is a Major Difference" ASSET PROTECTION, ASSET DISTRIBUTION AND MORE! It all sounded easy when you started a tenant or worker is hurt on your A trust is generally ok. Further, I've buying rental properties. Just buy property. To which I say, not so fast! been advised not to put my principal enough to make a bit each month and A trust is a device used to distribute residence in an LLC. It makes perfect supplemental income. eventually you can retire with great your assets (stuff you own) upon your sense. When I sell, I am entitled to Perhaps a death. 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Kaikuono offers remodeled living, ocean views, & room to grow. Income/rental opportunities. Beautiful condition, size, and views... has it all! $850k cell 808-936-5100 MLS #662125 FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch "HAWAII LIFE" on YouTube! BEST Hawaii 25TH ANNIVERSARY 2022 East Remodeled Hilo Home hawaiianrealty.com hawailanrealty.com hawaiianrealty.com hawailanrealty.com * hawaiianrealty.com hawaiianrealty.com . hawaiianrealty.com hawaiianrealty.com . hawaiianrealty.com hawaiianrealty.com ED HAWAI'I LIFE REAL ESTATE BRO hawaiianrealty.com 800-667-5028 ext . 8122 Denise S. Nakanishi RB - 17031 , ABR , CRS , GRI , SRS " Major Mom is a Major Difference " ASSET PROTECTION , ASSET DISTRIBUTION AND MORE ! It all sounded easy when you started a tenant or worker is hurt on your A trust is generally ok . Further , I've buying rental properties . Just buy property . To which I say , not so fast ! been advised not to put my principal enough to make a bit each month and A trust is a device used to distribute residence in an LLC . It makes perfect supplemental income . eventually you can retire with great your assets ( stuff you own ) upon your sense . When I sell , I am entitled to Perhaps a death . In most states , it typically does the capital gains exemption extended death in the family provided your first not provide protection if anyone is hurt through IRS Section 121 ( $ 250k for rental property or maybe you decided on your property . Even if you have single / $ 250k tax free for couples ) . I to convert your principal residence to insurance on the property , it could be am not an LLC and LLCS don't qualify a rental . Over time , you pull possible for an injured party to go after Speaking of the 121 exemption , what if equity from one rental to buy all your other assets as well . For this you lose a spouse ? The continues the the next . The years go by reason , most real estate attorneys and spouses ' entitlement for three years and before you know it , by CPAS will recommend an LLC ( Limited so ( for a few reasons ) the time to selli golly , you have quite a few . Liability Company ) or corporate entity might be during that period . While this Or perhaps your wealth building be created to shield your liability . This is totally not my wheelhouse , these are plan is to buy vacant land , build is called asset protection . Not as important concepts to consider as you and resell . Because you never know simple as it all sounded at first , right . go along life's real estate journey . Be where life will take you , you've heard Here's another twist . Taking a loan on Sure to ask and act accordingly..and that your assets should always be a property ? Most lenders don't loan by all means , buy that rental property put in a trust . 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