All Forum Posts by: Devin Stewart

Hey Bigger Pockets Community,

As real estate investors, we focus on building wealth, creating passive income, and securing financial freedom. But one tool that often gets overlooked in the wealth-building strategy is life insurance - and it can be a powerful asset for your real estate business. 

Here's how life insurance can benefit investors like us: 

1. Access to Cash Value: A properly structured permanent life insurance policy (like an IUL or whole life) can build cash value that you can borrow against for property acquisitions, renovations, or even as a safety net during market downturns. 

2. Estate Planning and Wealth Transfer: If you're building a portfolio to pass down to your family, life insurance ensured your heirs inherit your properties without the burden of estate taxes or forced sales to cover expenses. 

3. Debt Protection: If you have mortgages or private loans, a life insurance policy can protect your family or business partners by covering outstanding debts in the event of an unexpected passing.

4. Business Continuity: If you invest with partners, a properly structured key person insurance or buy-sell agreement funded by life insurance can ensure a smooth transition if one partner is no longer around. 

I got into the life insurance industry part-time to help others achieve their financial goals, and I'd love to connect with any investors looking to explore how this tool can strengthen their real estate business. If you have questions, feel free to DM me or drop a comment! 

Looking forward to hearing your thoughts! 

Devin Stewart 

CA Lic #4426511


 

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Hi Landlords and Property Managers,

Are you reporting tenant payments to the credit bureaus?

If so, has it been effective in ensuring tenants make payments on-time? 

 Hey Alex. I'm actually working with Billy from your team on the management of a property. 

@James Wachob and @Reed Rickenbach Awesome to hear. Let me know if I can be of service. 

@Dean Harris  thanks for the honest feedback 

Looking to build a team in the Memphis market. 

For those currently investing in the Memphis market, any recommendations for real estate agents, lenders, contractors, or property managers. 

@Jerry Poon where do you sell your art? 

@Steven Foster Wilson thanks for sharing