All Forum Posts by: Tim Zoz

Yeah, I get the infinite banking principal and see many others leveraging the concept.  This is a new venture for him so I'm not super surprised at the lack of feedback out there.  I'm in the same boat, wait and see. Always looking for investors so we'll see if it's another viable source. 

It hit my IG feed so I looked into it. I just can't find ANYTHING online that isn't from Chris or his team.  Annual fee of $1,000, no other payment options.  Nothing about this thing gives me a warm and fuzzy.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $695,000
Cash invested: $69,500

Highly variable cash flow, this is the 3 month average

Investment Info:

Townhouse buy & hold investment in Chino Hills.

Purchase price: $633,000
Cash invested: $75,000

Primary residence that could not be sold for less than a $60,000 loss during Covid.

What made you interested in investing in this type of deal?

To avoid a loss, leverage tax benefits, and secure a long term investment.

How did you find this deal and how did you negotiate it?

Primary residence

How did you finance this deal?

Cash

How did you add value to the deal?

Turn key, $75,000 in upgrades at time of purchase

What was the outcome?

We will break even annually while building equity. This was infinitely better than taking a $60,000 loss but it has slowed our investment progress in Cincinnati

Lessons learned? Challenges?

Vetting property management companies. Knowing our BEAUTIFUL property is going to take a bit of a beating lol

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Clockwork Property Management, Chino Hills California

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $17,000

Single Family

What made you interested in investing in this type of deal?

Something easy to learn with

How did you find this deal and how did you negotiate it?

MLS/Agent

How did you finance this deal?

401(k) loan

How did you add value to the deal?

Cosmetic upgrades, no major issues to address

What was the outcome?

Under contract, 35 applicants, filled before first payment

Lessons learned? Challenges?

First time home renter. Needed a lot of guidance on minor things. Brought many minor things up after first month that could have been avoided by investing a few extra couple hundred bucks prior to showing.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Agent - Leann Starks