All Forum Posts by: Ann S.

If I am understanding correctly, you use a cash value life insurance as a savings account? How does that work?

thank you

Originally posted by @Michael Ealy:

Exactly what I said. I am a landlord who has acquired over 1,000 units and I have no financial products to sell. Beware of those who say something is a scam because they are selling something else :)

The way I look at it is this: I have an 8% "savings account" in a properly structured cash value life insurance policy so while I am looking for my next deal, my money is growing at a good rate tax free.

Financially astute people don't do what the masses do. The masses have been taught to study hard, get a good job with a 401k and save money in the bank.

I don't have a job but I have apartment units that pay my bills. My "safe money" grows faster than in a bank. And my wealth grows exponentially everyday through buying more and more apartment units.

0 Votes

what do u mean by taking a loan on your 401k?

Originally posted by @Jonathan R.:

If you take a loan on your 401k the interest rate is like 4% and the interest is paid to you (it goes back in your 401k). You can still contribute and get your 401k match while the loan is out. It’s a great loan, I highly suggest it if you know the difference between a good deal and a bad deal in real estate. Wallstreet has brainwashed too many people into being afraid of using their own money.

1 Vote

Hi guys

I put a house under contract and now want to purchase another home that is coming on the market. I can buy both of the properties, but I prefer to only keep one of them right now. My loan has been approved, both properties are about the same value. Closing is in a month. Can I still assign this home to a another buyer? The home I put under a contract is an amazing home in great condition and the location is fabulous too. I just like a the other one a little more.

If I am not able to assign the contract, I will just purchase the property I currently have under contract.

Please suggest if and how I can assign this contract even though I intended to purchase it myself initially.

Thank you

0 Votes

Thank you guys!

0 Votes

Hello Everyone

I am looking for recommendations for a experienced and thorough home inspector who has worked with investors before, in Middlesex county, NJ.

Thank you so much

Anne

0 Votes

Hello everyone

Could you please suggest an investor friendly real estate agent in Philadelphia, PA. I want to invest in properties in Philly and surrounding areas.

I would also love to hear your experience in the the city or state of PA. What areas do you stay away from because they are considered war zones? What areas are hot right now? And how you calculate your ARV?

Thank you

Anne

0 Votes

Hello everyone

Could you please suggest an investor friendly real estate agent in Philadelphia, PA. I want to invest in properties in Philly and surrounding areas.

Thank you

Anne

0 Votes

Hi! Did you ever find yourself a reliable contractor? Care to share, please pm me.

0 Votes

Hello

I am trying go wholesale a few properties want to have reference for the purchase and sales agreement and the assignment contract. Could you please share what these contracts should look like. And does the city or state, you want to wholesale a property have an affect on the verbage of these contracts?

Thank you for your help

Anne

0 Votes

All Forum Posts by: Ann S.

Ann S. has started 5 posts and replied 9 times.

Post: 401K: Continue Contributions or Stop?

Post: 401K: Continue Contributions or Stop?

Post: Put a house under contract and how/ can I assign the home?

Post: Great home inspector in Middlesex County, NJ

Post: Great home inspector in Middlesex County, NJ

Post: Investor friendly agent in Philadelphia, PA

Post: Investor friendly agent in Philadelphia, PA

Post: Is it that hard to find good contractors?

Post: Purchase and sales agreement and assignment contract