All Forum Posts by: Jennifer S.

Hi Scott,

Yes I’ve checked and they’ve actually already provided me with a Collateral Assignment form. They advised that as long as a lender or bank will accept the policy as collateral, that I am able to assign it.

Good afternoon,

I have a term life insurance policy with which I’m looking to use as leverage (collateral) to purchase a commercial property. Are there any lenders who are easy to work with using this creative lending strategy? 

P.S. I hope this doesn’t come off the wrong way, but PLEASE no replies regarding how it’s not a good strategy, I’m only seeking replies from those who know how to get this done. 

Thank you! :)

This is the type of story that inspires me and just confirms my thoughts that anything is possible in real estate. Thank you for sharing this and a great big high five to you for your vision to see what others obviously missed, but more importantly, your drive and determination to continue to see the bigger picture despite the roadblocks!!! :-)

I don't think it really matters much who is elected into office in terms of having an effect on REI. The first rule of thumb to always remember in real estate is that markets fluctuate, and the normal rules of the real estate cycle always apply. There's always going to be a cycle, and if you're smart enough to think ahead when buying and you have an exit strategy in your plans, the investments you choose will perform well and you'll be able to move with the market without skipping a beat.

Congrats!!! Good deal for your first time!!!

Cody, I don't think a generic one-size-fits-all letter type of approach is going to yield the results you are looking for. Don't be afraid to call owners with the intent of establishing a rapport. The key to owner financing is to present a scenario where the seller feels like they would be getting a great value. The best way to find owners who are willing to owner finance is to talk to each owner and find out what each unique scenario is with each property. Once you find out how they acquired the property, whether they own the property free & clear, and what the plans are for the property down the line (their exit strategy), you can then figure out how to make an offer with owner financing that will fit your needs AND their needs.

Great story!!! Congratulations to you!

Nice! That's what I'm talking about! #Inspired

Congratulations Josh! And thank you for creating such an amazing platform. I can't tell you how much I appreciate the informative posts and podcasts to help people like me get their start in the world of investing. I actually speak so highly of Bigger Pockets, I had someone say "you must work there or something". Thanks again! Jennifer

Thanks John. Please check your email.