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Updated over 3 years ago,
What do you think about this Infinite Banking strategy???
So I just became my own bank with my whole life insurance cash value policy. I now have access to over 200K to invest in real estate. Instead of using a chunk of it to purchase one property, what do you think about the strategy to use hard money lenders to purchase properties and I pay the hard money lenders interest payments from my cash value? This way I can invest in multiple properties at the same time.
What are your thoughts??
Thanks