Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Brandon Colar
  • Elk Grove, CA
2
Votes |
6
Posts

Should I cash out my Custom Whole Life policy??

Brandon Colar
  • Elk Grove, CA
Posted

I have a custom whole life policy with NY Life. There is approx $50,000.00 in Net cash value. I would like to start investing that money in real estate deals. Should I close my policy and cash out, take the money and start investing??? or Borrow against the policy and pay interest back to my self while still paying the monthly premium which is around $1000 to $1200 a month?? Please let me know what you think. Thank you

@Naseer Khan

Loading replies...