All Forum Posts by: Adam Widder

@Natalie Schanne this is a well written post. I think we have similar risk positions and thoughts actually. Because the odds of me letting a property sit vacant is 0 and I'll generate income to cover expenses. 

The credit cards are a perfect example too, bc you have 30 days to figure out how to cover a roof/hvac expense, which my attitude is to go generate income to fix the problem. 

safe to say, you put it into a stock mix, you can take a loan out from it if needed then?

@Jordan Harrill Thank you! Glad to see someone who's done it. That's where I think the issue lies mentally is that not a lot of people have heard or personally used IBC but the ones who do are like addicts lol. I have a buddy locally who does it as well and is using it to fund the renovations for his flip. So he's paying himself twice basically. 

@Mary M. I appreciate your comments and playing the devil advocate here. I think I have a higher risk tolerance. 

@Wesley Whitehead glad someone else is learning to, power of BP+community. I'd make sure your whole life policy is designed in the correct manner. See some of the comments on where to get it designed properly. You can't just use a standard whole life policy for IBC.

@Marcus Auerbach This thinking is what lead me down this path. there's 0 chance, a person with 20 rental properties or 100+ doors is setting aside 6 months of PITI/property in a savings account. It would be a huge number just getting destroyed by inflation. My lender and I spoke about the same logic too, once you have x reserves set for your portfolio, the odds of all being vacant are slim.

Line of credit is a good option as well, then I could just use that for a rainy day fund. 

BTW - I'm originally from MKE man, go brew go pack!

@Justin R. That's very true. I could borrow against another asset mix type vs just borrowing on the policy. It's not the only option. It think there's additional benefits that make the infinite banking attractive. 

@DongHui Patel the infinite banking life policy is different than your traditional whole life policy. Agreed, the whole life policy are not advantageous, especially on fees. 

@Thomas Rutkowski is the whole dollar earning the 5.5%? 

Nice graph and have a copy of the webinar? 

@Mike S. what's the formula? Or ya got a real estate example?

@Mike S. Can you explain plainly IRR?