All Forum Posts by: David Jenulis

Hi @Rich Beam, I am also in Rock Island.

If the death benefit is 1.5M, your beneficiary will never get more. Part of what they get may be funded by the CV, so the risk exposure to the insurance company is decreasing while your CV is increasing. 

Very few people are in a position to benefit from WL or UL, and those that do know it. 

 I would not describe "borrowing money from myself and paying someone else to do it" as a benefit, fringe or otherwise.

Do not, under any circumstances, borrow money from yourself and pay someone else to do it.

Not an expert, so correct me if I'm wrong.

If the LLC is under capitalized, like if you pull out all the equity from the property, then the liability shield may be ignored, to the degree of each state. One property per LLC is vulnerable to this.

Hi Matthew,

I'm in the QCA and in a similar boat as you. Happy to meet for coffee if you have time. 

Dave

Hi,

I moved to the QCA 5 years ago and am ready to purchase my first property. Would love to meet over coffee with any other local investors in the area. Could definitely use referrals for RE agents, title co., contractors, etc. PM me and we can meet up!

Thanks.