All Forum Posts by: Abby Austin

@Kendall Kelly This aligns with what we were talking about today on how to evaluate mobile homes…

@Kendall Kelly I'm in Culver City too! Would you be open to chat real estate over coffee? :)

Thanks @Thomas Rutkowski I definitely need to learn more about the interest credit strategies you mentioned. While there is potential for greater return with IUL, for wanting to be able to borrow against the policy to use for RE investment, it sounds like WL might be better in the short term. Would you agree?

Thanks @Mike S. That definitely helped clear up a bit of confusion on my part with IUL. If I am in my mid-30s, healthy, but also looking to borrow against the policy within the next year, it sounds like you might recommend IUL as the best option for slightly greater overall growth?

Thanks @Lane Kawaoka. That was my understanding as well, but the numbers help build a better picture

@Mike S. Thanks for the feedback. I thought IUL had a waiting period before you could borrow against it. I thought the interest on the policy would outweigh the interest you pay on the loan. If I understand correctly, you are recommending to use a third party to initiate the loan? 

Thank you @Matt Crusinberry! I will definitely reach out to Thomas. 

I'm actively looking into getting a Whole Life Insurance policy to use as an investment vehicle. I plan to add an initial lump sum and contributions each month so that I can borrow against it but still have the policy interest cover my loan. I will eventually add a IUL, but I wont be able to borrow against it within a month or two. 

Does anyone have experience setting up a Whole Life Insurance policy and borrowing against it to invest a real estate deal? What has your experience been like so far? I also have a few general questions I'd love to run by someone that has gone through this. Thanks in advance.

@Ryan T. I’d first get to the root of why she is unwilling to pay online. She likely does not feel ‘tech savvy’ or safe sending her money in.

I’d use empathy to understand her frustration but then gently remind her rent must be paid and find a solution. I’d suggest she mail it or deposit it directly into a bank account you set up local to her.

@Jignesh Savaliya Keep to the 1 year lease. While you may think a 4 year lease is “safe” income, you never know when circumstances might change. You also would have less option to increase the rent each year.

As a landlord there in no real benefit to a longer lease. I’ve found a year lease then month to month with a 60 day notice has been a great option. I myself stayed in a rental for 4 years, 3 of them being month to month.