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All Forum Posts by: Colin Higgins

Colin Higgins has started 15 posts and replied 71 times.

Quote from @Mike S.:
Quote from @Matt Ruttenberg:

It's a great concept and if designed properly, can be very beneficial.  There two schools of thought with either a Whole Life Policy or an Indexed Universal Life policy... I'm a fan of the IUL personally because of the flexibility and a much easier design.  You can use it like a Fix n' Flip then refi out to pay off the loan... rinse, repeat.

I am also in the IUL proponent camp. But the concept is the same. You just want to use the loans to buy assets and not liabilities. I never liked the example given of using these strategies to buy a car, they did not make sense to me. To buy assets however, you are making your money works at two places at the same time. It's a long term play that has some upfront costs, but when it starts to take off, what a beautiful system...

 That's my take away, the book goes into buying a vehicle or another expense which is fine, we all need a car but the real estate is fare more growth oriented and exciting. A marathon for sure.

Just learned about infinite banking at my last meet up. I was by no means an expert when I left, but I did have a grasp. Read the book by nelson Nash "becoming your own banker" and enjoyed it. Has anyone out there borrowed against their life insurance to fund a deal? This is whole concept fascinates me, I wish I had learned ten years ago.

I feel we as the audience are only hearing half the story here. Is this in part because of the Fannie Mae seasoning guid lines with conventional loans? I've read some comments regarding commercial refinance which i think is great, perhaps a DSCR (if) you are all in at %70-75. I think its important to remember leaving a little a cash in the deal doesn't make its bad BRRRR.

Post: Looking For A Investor Friendly REALTOR?

Colin HigginsPosted
  • Posts 77
  • Votes 47

Hey Daniel welcome to the coolest website ever (joking but not really). I often times forget that there are so many industry professionals that dont know about or use BP it kinda blows my mind. I share every chance I get. There's a really cool REI meetup once a month hosted by @Bernadeau C. & @Tyler Gibson. I attended just this past weekend for the first time and really enjoyed it, we go over a different topic every meet. Perhaps you could teach something you're well versed in or just come hang out!

Quote from @Eliott Elias:

I have a checking account for each property. 


 i like this method

Hey everyone just researching loans here. Not ready to buy just yet, we all know the VA loan is great and powerful. Just looking at this navy federal military choice loan as an option after the VA loan entitlement has been used up. What is everyones experience?

Quote from @David Mackin:

For me, the thing that changed my career was a focus shift towards the everyday systems vs. being goal oriented. Don't get me wrong, goals are great, but when I started to consistently do the right things every single day, things started happening. The good ol' compound effect.

I think that many people want to try so many different things but never go 100% because they're doing too much. Find a couple things that you enjoy and make work fun and go full head of steam. There are so many different ways to get business, you just have to have focus to unlock that potential.


 I think there's alot of truth to this. Its not that one is better than the other i think there is just different techniques that are better for certain agents. If you find a lane you like and believe you can be good at, stick to to it and be consistent daily.

I agree with most everyone here. One alternative thought is you can do what I did and spend the money to get the license because you enjoy learning. Then dont "hang" your license with a brokerage or join the association of realtors. Your license should be valid but inactive for at least more than a year. As you progress through your real estate journey you could always decide to become a realtor because you think its so interesting or property manager or any other profession that requires it and have it on the back burner. But again, I agree with everyone else if you are just getting the license for MLS access or saving fees, you really will cost yourself in so many other ways. It's best to bring in a pro and focus on your current trade/path.Good on you tho for exploring your options and being driven at age/stage in life. Keep learning!

Hey everyone, the news has been put out by the VA themselves that rates will change. They have the currents rates posted on VA.gov, however the document they put out discussing the changes references a source I can't find. What will those rates be on or after April 7th for those with less than a five percent down payment. For reference I attached a link below

https://www.benefits.va.gov/HO...

Love seeing this. Very interested in Arizona personally and professionally. Glad to see someone shining a light on flag staff and making sense of the data. I have high hopes for it! I just might have to buy a property out there while the gettin is good.