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topics gone triple plat - Number 1 spot 3X PLAT section guap
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Top 10 most propped recently WiseBeyondYears
Props 4 K    
  '25 
 Tha Boss said



When your policy has enough cash value (minimums vary by insurer), you can use it as collateral to request a loan from your insurance company.

[see photo]


This fool acting like the life policy has cash value up front. Takes decades to be able to borrow in the manner he’s talking about
It would be smart to do this in year 1 when a child is born. Must be whole life or universal life policy. The policy gains value and maybe by the time they are 7 or 8yrs old they may have a business idea they want to start. You could then use the trust to get a loan against the cash value built up over those 7-8 yrs and those loan funds are distributed to the business that the 8yr is interested in. This ain't far fetched as kids now and in the future will do more things than operate a lemonade stand
+1   
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BickBackBOOLIN triple plat x1
Props 1 K    
  '25 
 HesOnFire said
You don’t need any real capital to do it I did my first deal with no money at all straight grind…. Only thing is it’s very saturated now but don’t let that stop you it’s deals getting closed everyday I use to do it but it’s to much of a head ache so I switched to wholesaling land instead it’s a lot easier to do and less work I outsourced a VA from the Philippines to do all the heavy lifting I pay him about $125-$150 a week and I give him a nice bonus everytime we close
What's a good starting point ? U can DM me if u don't wanna blast it

Crazy sh1t is my Pops builds houses from the ground up

He has 2 personal cribs that he built himself. Been doing it since the late 90s but I was never into real estate

We're supposed to go check out some lots in the Near future. He's retiring from his job in a few months so who knows what he'll be getting into
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Gullyman000
Props 3 K    
  '15 
 Tha Boss said



When your policy has enough cash value (minimums vary by insurer), you can use it as collateral to request a loan from your insurance company.

[see photo]


This fool acting like the life policy has cash value up front. Takes decades to be able to borrow in the manner he’s talking about
That's a fact. I've borrowed against mines. It has to build up. The most I got was $1000. And it goes back to zero.
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goonsquad312 triple plat x1
Props 1 K    
  '06 
It's called an IUL (Index Universal Life). It's different from a whole life policy.


[see video]
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stillNAMELESS triple plat x289
Props 99 K    
  '22 
 That Dude said
I keep telling these boys to learn to trade. Listen there is no better freedom and gratification.

I use to think 30-50k per month was impossible till I got into real estate and trading
I trust you been making bank the last this week in th market 🫡
+2   
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stillNAMELESS triple plat x289
Props 99 K    
  '22 
 collegeboy58 said
Do you day trade? I never lost so much money so quickly
emoji
Because you gambling lol
+3   
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ChickzNKickz
Props 47 K    
  '05 
 dbbabd said
Are you currently doing this and point me in right direction to look into. I have a lot of capital
Yes. Go on YouTube and watch RJ Bates or Jerry Norton videos on Wholesaling. They break down the entire process. All you have to do is take action.

 collegeboy58 said
What markets are ya'll in? Im in metro Atlanta. I've done 35+ working with another investor and haven't done sh1t myself. Working by myself, I realized that I work better with others.
We do nationwide.
+2   
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Top 10 most propped recently That Dude
Props 57 K    
  '05 
 stillNAMELESS said
I trust you been making bank the last this week in th market 🫡
I’ve traded 3 times last week and once this week. Trades were so good I didnt wanna push it. But I will be back mid September. Building a new set up
+4   
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stillNAMELESS triple plat x289
Props 99 K    
  '22 
 The Almighty240 said
We need you back in the discord.
No one is in there lol.
+2   
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GrindPOWER$ triple plat x52
Props 131 K    
  '11 
 BrooklynDamien said
It's true. You need what's called a whole life insurance policy. Most ppl get term life policies. Learned about this when I first got on tik tok. They had too much sauce. So much that I had to stop going on there. I'm just screen shotting everything. n1ggas were getting tw3rk videos and I was like how lol anyways the money you borrow from your policy is tax free. Obviously do your own research. How tf else would you do any of this i ain't telling you much but yeah this is good info
so basically, I just pay off the money I borrow from the trust fund with the profits from the business I started and bank some of the extra's paper
+1   
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stillNAMELESS triple plat x289
Props 99 K    
  '22 
 That Dude said
I’ve traded 3 times last week and once this week. Trades were so good I didnt wanna push it. But I will be back mid September. Building a new set up
Good sh1t last 2 days been lovely.
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MONEY WORLD
Props 28 K    
  '22 
 The Almighty240 said
We need you back in the discord.
Which Discord?
+1   
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russisblack triple plat x3
Props 34 K    
  '16 
 ChickzNKickz said
Wanna make upwards of 50k a month…Wholesale real estate.

Thank me later
I hope you not about to tell these folks to just get loans for this
emoji


Real estate with someone else’s money is a dangerous game a lot of people shouldn’t be playing.
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Top 10 most propped recently That Dude
Props 57 K    
  '05 
 absolut said
thanks doc ...

is this something a novice could start doing with research or do you need a strong background in finance to really be good at it ...

also how much capital do you need as an entry point
You dont need a strong background in finance to trade at all. You need to learn candle sticks and a proven profitable mechanical strategy. Also pick 1-3 instruments to trade. Learn how to read price action. Most things can be learnt by reading books and YouTube
+2   
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russisblack triple plat x3
Props 34 K    
  '16 
 GrindPOWER$ said
so basically, I just pay off the money I borrow from the trust fund with the profits from the business I started and bank some of the extra's paper
Factual. You can do this with numerous loans not just an insurance one you can do it with credit cards. Thing is most people do see these returns they dream of and STILL have to handle said loan. I’m tired of people tryna sell get rich schemes man sh1t pitiful lol. Getting rich is about saving, investing and living with your means.
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ChickzNKickz
Props 47 K    
  '05 
 russisblack said
I hope you not about to tell these folks to just get loans for this
emoji


Real estate with someone else’s money is a dangerous game a lot of people shouldn’t be playing.
Nah, that's not what wholesaling is. You're not handling any money, and all transactions go through a title company.
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Top 10 most propped recently BrooklynDamien triple plat x2
Props 204 K    
  '18 
 collegeboy58 said
I'll be honest, when n1ggaz start talking the whole vs term life insurance sh1t, I get confused. I do know that several people are against whole life insurance (JT the pocketwatcher, Dave Ramsey-types). My only personal experience is Drive Planning. This guy (I wont say his name) came to a REIA talking about how you can fund your real estate deals with life insurance. He was saying how you can get a $10M policy and fund it with a loan that will make the cash available now. If I gave them $100k, I can get a $1M loan that would prepay the premiums which would allow make to take a loan against the $10M policy.

Needless to say, the whole thing was a scam and the company is was shut down by the SEC. Full transparency, it wasn't shut down because of the life insurance product, it was shut down because they were misappropriating the money.

From what I can understand from JTs perspective, the amount you spend in premiums on a whole life policy would be better used in another investment and/or your paying a premium to basically borrow back the money you spent in paying the premium.
Idk the guys you named. The money you put in is basically what you can take out. It's a good look bc of not being taxed. He didn't mention that but i did. You're not going to be able to borrow against money that's not there. If you can take a loan out and pay the premiums for the policy in the trust to borrow against you're in pretty good shape. A lot of ppl can't get loans
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goonsquad312 triple plat x1
Props 1 K    
  '06 
 BrooklynDamien said
It's true. You need what's called a whole life insurance policy. Most ppl get term life policies. Learned about this when I first got on tik tok. They had too much sauce. So much that I had to stop going on there. I'm just screen shotting everything. n1ggas were getting tw3rk videos and I was like how lol anyways the money you borrow from your policy is tax free. Obviously do your own research. How tf else would you do any of this i ain't telling you much but yeah this is good info
It's called an IUL...this policy is different from a whole life. Check it out


[see video]
+1   
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The Almighty240
Props 26 K    
  '17 
 stillNAMELESS said
No one is in there lol.
We was trading off that dude and he stopped posting. It was jumping in July
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The Almighty240
Props 26 K    
  '17 
 MONEY WORLD said
Which Discord?
Its options trading discord started a few months ago. Folks hardly post in it now…. He was making us good money but he stopped posting
+1   
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Top 10 most propped recently That Dude
Props 57 K    
  '05 
 The Almighty240 said
Its options trading discord started a few months ago. Folks hardly post in it now…. He was making us good money but he stopped posting
I’ll be back mid September
+4   
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Top 10 most propped recently BrooklynDamien triple plat x2
Props 204 K    
  '18 
 GrindPOWER$ said
so basically, I just pay off the money I borrow from the trust fund with the profits from the business I started and bank some of the extra's paper
Yessir that's the grand plan. All depends on your investment working out
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MONEY WORLD
Props 28 K    
  '22 
 The Almighty240 said
Its options trading discord started a few months ago. Folks hardly post in it now…. He was making us good money but he stopped posting
Send an invite, I'm always looking to check out new investing cords
+1   
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stillNAMELESS triple plat x289
Props 99 K    
  '22 
 The Almighty240 said
We was trading off that dude and he stopped posting. It was jumping in July
Callouts are cool but are you willing to learn to do it yourself too
+3   
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Top 10 most propped recently That Dude
Props 57 K    
  '05 
 stillNAMELESS said
Callouts are cool but are you willing to learn to do it yourself too
Yea this what I tell people. Understand it on your own first. Then the Call outs will make more sense. Because sometimes you can get different results cause my risk tolerance or yours can be much different and our take profits can also vary
+4   
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