All Forum Posts by: Todd Goedeke

@Michael Voechtingis this property in Las Vegas or Sheboygan? When did you start renting out property?

@Mike S.stay in your own lane. Don t talk about financial products you know nothing about. 
Indexed mutual funds have a management fee of less than 1/2 of 1%. Privately owned RE that is triple net leased can have a 16%+ cash on cash return with no management fees.

You talk about IRR without even knowing what that would be for a whole life policy. You can t get as high a return with life insurance when upfront commissions and cost of insurance is subtracted from the premiums paid.

Before you talk about ethics get a clue on what you are trying to talk about.

@Mike S.you are showing your ignoranc of life insurance commissions vs ongoing investment monitoring and advice with securities.Before you make uninformed comments about life insurance commissions include yourself in the group you are criticizing as you don t even know what you paid when you bought the life insurance product. You probably have bought a timeshare. Can I sell you the  Brooklyn bridge?

How can you tell others they don t understand whole life or universal life when you don t have a clue how much in commissions you paid for the same product? Clearly, you don t know what you don t know.

@Thomas Korbosyou will have better luck finding property owners if you partner with someone who has management/direct r servation marketing experience.Post ads/inquiries of existing STVR owners letting them know what you are willing to pay them via a triple net lease.

@Mike S.as a former licensed life and health insurance agent I have witnessed countless class action suits over the years against life insurance companies for their sales tactics in duping the public into buying life insurance policies as investments. As a result today ‘s whole life and universal life policies come with illustrations followed by 7-10 pages of disclosures in legalese.

Just because people don t agree with your sales pitch about life insurance does not mean they are uninformed. On the contrary, they have educated themselves and affirmed that lining the pockets of life insurance agents with commissions does not benefit their retirement plans.

If you want to be taken seriously Be upfront, identify yourself, and disclose your relationship with the insurance industry when making comments.

@Marisa Goodpasterhow do you compete against STVRs closer to the beach or having a pool?

@Susan S Morriswhat made you pay over $500/sq ft for a STVR?

@Marisa Goodpaster how many miles from the beach? How many beds/baths in each? How much of the cleaning are you doing yourself?

@Marisa Goodpasterhow far are the properties you own from the beach? Who are you renting to during the slow season,June thru August? Are you renting mainly to snowbirds Nov thru Feb?

@Dmitriy Fomichenko great advice and use of common sense regarding whole life not being an investment. Watch the shady ,slick , insurance salesmen , disguised as investment advisors come out of the woodwork to defend life insurance without any factual basis .