[see photo]
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.
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
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
[see photo]
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.
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
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
Do you day trade? I never lost so much money so quickly
Are you currently doing this and point me in right direction to look into. I have a lot of capital
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.
I trust you been making bank the last this week in th market 🫡
We need you back in the discord.
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
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
Wanna make upwards of 50k a month…Wholesale real estate.
Thank me later
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
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
I hope you not about to tell these folks to just get loans for this
Real estate with someone else’s money is a dangerous game a lot of people shouldn’t be playing.
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.
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
No one is in there lol.
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
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
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
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