All Forum Posts by: Reid Mathews

 Yes I do! I am 100% using it in my strategies. I am 3 years in so pretty soon it will be very beneficial for me. The downsides to it are you have to make a commitment of a certain amount of money (whatever you want it to be) every year before it really starts performing well. I'm a very conservative investor and do not like losing money so the whole life insurance is one of my favorites but I really want to get involved with real estate because if you know what you're doing, it sounds like real estate is by far the best investment tool out there. Whole Life is the best savings tool and real estate is the best investment tool (in my opinion)! But money and investments are a very gray area that's for sure!

***with all due respect sir, I’m not sure why you’re trying to attack my character on this? I have my series 65 license which means by law I have to be a fiduciary (acting in the best interest of my clients and not myself). That license allows me to charge a fee for my time or charge a fee for Assets Under Management, just like you are mentioning. I specialize in the insurance products because I don’t want to lose my clients money. If they aren’t healthy enough for insurance or if their portfolio doesn’t make sense for them to do anything with me, I refer people out to advisors who want to take the time to do AUM and securities products. I am absolutely not biased at all towards products. Every single financial tool including real estate could be a great decision for one person and a terrible one for another. I try to serve people the best I can and become educated on all types of investments. I apologize that it offends you because that is not my intent at all.

@Chris Mason @Don Konipol

There are many people that call themselves “financial advisors”. I chose that one based on what BiggerPockets allowed me to choose; however, that is what I consider myself. I have my life and health license and my series 65 license. I have passed my RICP (Retirement Income Certified Professional) and my CLTC (Certified Long Term Care) designations. Yes, I specialize in the insurance products so you could definitely call me an insurance salesman if you want, but we could do managed money, too. Financial advisors get paid by either commissions or fees, but regardless we’re all selling something. I personally prefer to sell the safe money insurance products because I don’t know what the stock market is going to do!

***regardless though this post was asking about Grant Cardone’s company offering passive real estate investments. I’m definitely not advertising my services here because this is a real estate site and I do not sell real estate and have absolutely zero ways to profit from it except investing my personal money in it, and I do not know near enough about it to make a solid investment which is why I love this site and the education it provides!

@Brian Eastman thanks for the reply! This has definitely been the most informative thing I’ve heard on this topic. How do most people invest with their own SDIRA in real estate then? I mean I have $50k in one but to do a non recourse loan and still have enough for all expenses repairs, I could only get a pretty small deal if I were to do it myself! Would you agree? Thanks bro!

I’m a financial advisor that specializes in insurance products! (Life insurance, annuities, long term care) haha 

As someone who studies financial decisions every day, I 100% believe real estate belongs in most people’s portfolios. 

I do not know near as much as most people about real estate investing which is why I love getting yalls opinions on this site for guidance and education and I appreciate the help and the friendship!

I’m a huge Grant Cardone fan and have been for a long time. I’ve been debating for awhile whether to get into real estate investing on my own or investing in his crowdfunding company Cardone Capital. He sure makes it sound incredible. What are some of yalls opinions?

Hey friends! If you create a Self Directed IRA LLC but don't have enough money in it to buy the property you want, can you use that LLC and then an after tax LLC to buy the property? And then would the two LLC's be joint owners of the property? Has anybody done this and does it get complicated or did you have an easy time doing it? Love y'all!

Hey friends!

When the BiggerPockets rental calculator shows the ROI in the last column, does that count the cash flow received as well?

Thanks so much everybody!

I did it y’all. I’m a Pro Member. Merry Christmas and God bless y’all! BiggerPockets for life!

Hey friends, this may be a silly question. But if I set up an LLC (to buy rentals in the future of course), can you buy anything in the name of the LLC if it is business related? The exact example, could I set up an LLC, get a credit card in the name of the LLC, and purchase the BiggerPockets Pro Membership with that card and write it off as a business expense?

haha i hope that's not a super wild question, but I am trying to learn! Thank y'all so much!