All Forum Posts by: Adam Edwards

@JR Paulemon

Financial Bible

@Darson Grantham

HELOCs (especially in 1st position) are powerful. I use mine as an operating account, with good cashflow the balance can be rapidly reduced and you are more liquid every month

@William J Vance

Use the HELOC as your operating account, if you make more than you spend you can do damage. I work for a company thst teaches this.

@Christopher B.

Education via podcasts, books. I personally leveraged equity from my primary to start.

Question: I had a tenant move in May 1st, she paid May's rent and sec dep.. she asked to pay rent every 2 weeks, so I said she can just pay half the rent every 2 weeks.. now it is May 15th, should she pay half of Junes rent now, and the rest on June 1st... or not pay until June 1st?

seems easy  but I am having a hard time wrapping my head around it

No, 1st lien

I got a 90% LTV!

and yes, I leveraged equity from my primary to pay cash for a triplex rental.. I'm also using the funds for the rehab and am about a month away from the cash out refi :)

@Thomas Rutkowski I'm a bit confused on your statement.. are you saying his 401k scenario would be better than the policy scenario?

I have put 6% in since i was 22, i'm 38 now, and my company matches the full 6%.. I've ALWAYS preached that it's free money... this is true, free money, however, why would you want to trap money into a government controlled account that your will pay taxes on when your 59 1/2? I stopped contributing this year and will never put $ into it again.. If I were you , I would put AS MUCH $ as possible into a properly structured IBC account... key words are "properly structured". Do your due diligence and look into this concept. If I could go back, I would never have put $ into a 401k, and would have put $ into and Infinite Banking Policy. These accounts are outside of Wall street, and off the radar of the IRS, and have been around prior to 1913 when the IRS was born.

DR is wonderful for the majority of americans.. we are not the majority folks :)