of the book is utilizing a high cash value life insurance policy that earns a constant rate of return and grows tax free to borrow against for large purchases.

The circumstances surrounding it aren't the greatest, as he was essentially screwed by his wife's sister after she agreed to use her credit to get them into a house that they paid down for $400K over 10 years, she didn't pay the down payment, or taxes an insurance, and now she is demanding more than half the $500K equity after saying multiple times in 10 years she wanted nothing in return.

I rent out the spare bedrooms, which covers the mortgage, taxes, insurance, and repair reserve.

Looking for some reputable insurance providers for my properties in Montgomery AL, please send any referrals and your experience with them.

Here are the detailsOriginal Note:  $48,500, 8% interest, 30 years, secured by first lien on $70k property, typical note terms.Date: 12/9/2009Current Value:  $41,505Payments:  $505.88/month includes $120/month escrow for insurance and property taxes, No payment missed, 3 payments late but not by more than 30 days.Escrow:  -$800 now but payment will be increased for negative balance and increased taxes/insurance.My guess is its worth $55,340 valued at 6%

Average rental is $1,295/mo and monthly tax/insurance is $110.

Here are the numbers:Appraised Value $80,000.00Loan Amount: $60,000.00Monthly P&I: $490.25Interest Rate: 5.5%Amortized Over: 15 yearsVacancy $43.75 (5%) Repairs $87.50 (10%)Insurance $61.25 (7%) Management $61.25 (7%)P&I $490.25 (56%) Property Taxes $61.25 (7%)Total $813.75 (93%)Thanks,JT

If you have a worker, you need a workman’s comp insurance.

In about 2 years I’ll buy in a third market which will be Little Rock.On top of the taxes you also get hail damage a lot which makes your insurance higher.I can buy a newly renovated home in Little Rock for 70k.

I got an opportunity to work as a custodian part time at non profit close to home then began to work my way up to full time employment with the ultimate goal of getting my hands on a stable income and benefits plan for myself and began working on my road to returning to education and financial freedom.