Quote from @Cade Antonucci: I am starting to grow my rental portfolio and am looking for online alternatives to hold security deposits.

I get that having a paid off property is very comforting, but to me it's not the best move if you're trying to grow. 20% down and 3% annual appreciation means you're making a 15% return on your downpayment. 

🚨Use code SUMMITPERK to save $100 on your ticket Get your ticket here: https://get.biggerpockets.com/passivepocketsevent/Columbus Ohio on the map as one of the fastest growing cities that you can still hit the 1% rule and get amazing appreciation!

Advancing my knowledge of underwriting is a key area for me to grow, as I've always understood this to be something the lender does but I keep hearing that we as investors get creative with underwriting.

As the home appreciates, their equity dollars grow.

All these areas have started gentrification path and have a lot of room to continue growing. 

This means you can focus on growing your portfolio with confidence, knowing that every aspect of your investment is being handled by experts.As for my experience, I've been in the industry for over 10 years. 

Now I’m looking into the Detroit and Ohio areas (Toledo, Cincinnati, Cleveland, Columbus) since they seem to have growing populations and affordable properties under $200k as well.  

Over time, cost of insurance, monthly charges, and surrender fees (which can last 10+ years) reduce how quickly your cash value grows.3.Policy Loan Costs & PerformanceYou’ll still pay interest when borrowing against your policy.

I am from out of state so wanted less maintenance in the short term while I build my portfolio and grow to the point where I am comfortable hiring a manager!