So one of our goals for 2014 was to re-finance the first property we ever purchased. While we had hoped for $10-15k back on that re-finance, it turned out to be $8.2k instead. The appraisal came back lower than w...
I am researching the concept of Inifinite banking and how it can be setup in Canada. There are a few practitioners who can hep setup a High Cash Value Par Whole Life Insurance Policy with Dividends as the main engine....
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $198,000
Cash invested: $1
Sale price: $380,000
Project summary
Asking price: 205 000$
City appraisal value: N/...
I'm closing on a duplex bought for 169000 and put no money down because of the first time homebuyers program and the seller paid the down payment.Im paying earnest money for the inspection.Is this an infinite return?
I've been listening to Cashflow ninja and the real estate guys about the infinite banking concept and I would like to find some first hand knowledge. (Has BP had any guests that talked about this concept?)Are there an...
I have recently been learning about infinite banking via whole life insurance loan. Is it a great place to start to get funding for my first deal? Any things I need to watch out for or words of advice for that method?
Investment Info:
Condo buy & hold investment in Pompano Beach.
Purchase price: $60,000
Estate sale. Used my HELOC to purchase and completely renovate. $80,000 total investment. $205,000 ARV.
How can you let them go at the end of lease?3.5% is max rate increase yearly.. How else can I do to end a month to month or one-year lease?Buying a multi family in Union City with 2 tenants inside.
So, it just occurred to me if I rent a room in my house without putting any money into it THAT is an "infinite return" :)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $134,000
Cash invested: $44,280
This was a perfect house hack with buying a home as a primary residence using a 10%...