Need multiple lines of credit Bay area Ca

[Sean Carroll]

Look for lines of credit of at least 100K, planning on applying for multiple of them so I can be a cash buyer and move quicker instead of using hard money or crowd funding. any recommendations? 

[Thomas Rutkowski]

@Jieh Larson - It absolutely makes sense to begin a policy solely to leverage it. There needs to be a legitimate need for insurance, but the numbers DO make sense if the policy is designed right. 

Life insurance policy designs based on infinite banking or bank on yourself will NOT make sense financially. Those agents do not build policy designs that maximize the cash value and minimize the death benefit.

In my designs about 85% of the premium will go to the cash value for premiums paid-in during the first 10 years. After 10 years that number rises to about 94%. The difference? Minimizing the death benefit minimizes the sales commissions too. 

A typical IBC policy design will have only 65% of premium going to CV. This plus a credit line at that same value are just not enough to make the numbers work better than simply investing directly in real estate. 

85% does work. You will make more money by putting your money to work in 2 places at once and you will quickly make up the "loss" due to the insurance policy costs.