Life Insurance For Investing

[Malcolm Jackson]

Hello all,

This is my first post in BiggerPockets. I've done some reading and been really looking into getting started with a STR.

I recently was let down by the fact that I would not be able to withdraw early from my retirement to invest in a property. I was going to use that money for the down payment and now I'm looking into other methods. I didn't want to have to get a hard money loan due to the high interest rates taking away from my cash flow. I was going to go with a management company for the STR but now that I will more than likely have to get some type of financing for the down payment, that removes a management company out of the picture.

I have heard there is some information out there on getting a life insurance plan and being able to borrow from that. Is there anyone out there that has done this before that can help with the steps to do this, or the process on how to do this. Any information on the subject would be greatly appreciated as I am new to this and trying to find creative ways to get into the game.

If there are any podcasts, books, websites, or keywords that you could point me to would be great too. I'm looking into it and just needing to find the right path to take.

Thank you.