This risk is particularly concerning during economic downturns or personal financial hardships.In summary, while whole life insurance can provide certain benefits, it is crucial to consider the costs, limitations, and long-term implications before using it as a funding source for real estate investments.To be clear, I don't fault @Brandon Beaudoin for promoting products like this. 

I do have personal knowledge of 3 people who lost everything, went bankrupt and one is being sued.

Attacking the weakest & poorest amongst our populace while younger individuals are forced to endure complex lives and can't even get their half-working brains to even see whats truly happening to the life of the one person who stuck their neck out for you every darn time you got yoir young butts in trouble!

My personal opinion is that it should be avoided unless the DPA is a "grant" and not a 2nd mortgage which is much rarer and harder to get.Here are the main thoughts I speak to clients about 1.)

Went into partnership with a person last year on a triplex.

He contacted the person to see what the guy would give him but the guy tried to talk him down to a lower down payment.

These sellers just don't trust folks (real estate investors) that can afford to send those types of mail pieces; it's just the mindset of the person receiving the mail piece.These niches need a simpler, "uglier" mail piece.

I am currently focused on tax strategies for our LLC (partnership with spouse).Can we sign a lease agreement with our LLC to provide/pay rent for use of our personal home/property, to include a portion of utilities, HOA, and insurance?

Hello everyone,I'm currently exploring the housing market in search of my first personal home, which I intend to rent out in the near future after putting in some sweat equity.

But ultimately, know this, no matter who you hire, you are the person who's ultimately responsible for your own signature.