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Updated about 4 years ago on . Most recent reply
Infinite Banking Concept
Hello BP
A few weeks ago, I finished reading Becoming Your Own Bank (The Infinite Banking Concept) by R. Nelson Nash. Prior to reading the book I have been pursuing my 1st multi-family apartment deal in the Orange County, FL area. Everyone knows the 1st deal is the hardest in the multi-family apartment world to come by. All that being said I am hoping to find a mentor that has extensive experience in multi-family and using the Infinite Banking Concept to fund apartment deals. More specifically, I would like to know how did you go about finding an insurance agent that thoroughly understood the Infinite Banking Concept and knew how to leverage your policy for your real estate needs. Any help/recommendations would be greatly appreciated.
Thank you in advance!
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#5 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
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#5 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
@JR Paulemon You're on the right track. Leveraging a high cash value policy is a great way to put your money to work in two places at one time. But its very important that your policy be designed properly and funded for minimum death benefit/maximum cash value.
The subject has been beat to death (and then some) on this thread...
https://www.biggerpockets.com/forums/519/topics/245380-paradigm-life-infinite-banking-whole-life-insurance?page=3