Buying a fourplex and closing in 2 weeks. My questions how much rent coverage should my policy have? 100% of rent income? 50% rent income?On another note how much liability do you recommend? 300,000? 1 million? Proper...
I’m curious if any investors on here have used cash value life insurance to buy real estate? My Grandfather taught me when I was young how he used his cash value to buy assets and earn a return on his money while it’s...
My friend is considering purchasing a vacation property at the beach and renting it out. A main concern is if the town gets destroyed by a storm yet somehow the houses are still rentable and you cannot get an insuranc...
Hi All, I hope you are CRUSHING your goals this year, I am well on my way to hitting my goal this year and am very excited about my progress and experience/knowledge I am receiving along the way. I was always taught i...
Context: I am just starting out as a newbie investor and landlord after many years of hesitation. I have turned my primary single family rowhouse in Philadelphia into a rental. I did this because 1) that was always th...
This question is about Infinite Banking concept. For the tax experts here, when I take a policy loan on life insurance for private lending, how should I structure it to minimize taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Received this from my insurance agent:
"To anyone experiencing a business income loss with an insurance policy in effect, due to the "Pandemic"I suggest that it would be prudent to report a "Loss of Business Income" ...
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...