All Forum Posts by: Christopher Penaflor

@Alecia Loveless thats amazing! wow thank you for sharing. Way to identify where you were and doing something about. Looking forward to your continued success 

@Eric Gerakos hahah thats awesome. Poverty definitely sucks. Paycheck to paycheck, limited options, stressed every second of the day. We live in a country where we can choose to be broke or wealthy, so im going with wealthy 

@Account Closed I feel you bro! The corporate world pays us based on what they believe we're worth and high performers will never have a chance to reach their full potential. Cheers to you for having the courage to go into business for yourself. It's amazing to hear that you've taken some people with you 

That's right @Jeffrey Dixon

But you can from a Solo 401k or Cash Value Life Insurance. Are you familiar with how that works ?

so what would you recommend for investors with less the $1M liquid? @Chris Seveney

If an IUL is structured and funded the right way, you get a favorable rating and the advisor gets a commission from the insurance company, not from your policy, it can be a great option along side a solo 401k. You can pay the loan back without any specific time frame and the money borrowed from the plan continues to grow safe, productively and uninterrupted based on the chosen index option. 

There's pros and cons to both, which is why I believe both can work effectively together in someone's portfolio. What do you think @Dominick Johnson? 

That's awesome! Rich Dad Poor Dad was my first eye opening perspective on investing and entrepreneurship as well

I've never heard of a 203k loan. How does that differ from a traditional hard money loan?

I know you most likely weren't influenced by your teachers at school, so what compelled you to become an investor? 

Was is a book? Family member? Friend? Social Media Influencer?

I'd love to hear your story 

Hey Investors, 

If there was an opportunity to invest your money in let's say the S&P500, be able to take a loan from your own money while having that money you just took a loan from continue to grow with the S&P500, pay <5% interest on that loan and pay that loan back on your own terms, would that be a solid loan to invest into real estate?