Investment Info:

Other buy & hold investment in Cleveland.

Purchase price: $123,000

Cash invested: $30,000

This is a mixed use property consisting of two storefronts, four apartments and one free...

Therefore its best to understand what you can build by right and from there determine if there is a case to be made for zonign relief to increase the parcels development capabilties and value. 

A pure junk response.The only important factor to consider is  "Can a real estate investor build more wealth by leveraging the cash value of a life insurance policy instead of using their own cash?"

The split in the road that I personally crossed a few years ago was whether to do a HELOC or a cash out refi on my first building. 

Nothing is build on the land.

Appreciation is a longer term wealth building strategy and over time in good markets rents will also go up increasing revenue.

Make sure you build a solid core-4 team so you can be confident throughout the whole process. 

I would mention to them that you are looking to build a portfolio- a constant source of deals normally entices small banks.I would think is the safer route, rather than holding the property under your name where you have liability from a number of different angles.Likewise, if you are having trouble securing bank financing, you may want to look into a bridge loan, prove out the income for a year, and then circle back with a bank.

All the while, build your buyer list in your CRM and start putting deals together.

I wanna build a portfolio that will go beyond just me but for my future family.How did you finance this deal?