All Forum Posts by: Blair Lee

I am new to REI, too. And I live abroad. My goal is to be global in my investing approach and learn to recognize emerging markets. When I find one then I will translate the BP education to that market.

If I were you, I would use the US for initial investments and education, but then shift focus to Asian markets.

Having multiple tax options, residences, citizenships is also appealing to me. A great resource for this is Andrew Henderson "the nomad capitalist".

2 Votes

Originally posted by @Fred Sebren:

I skimmed the entire 5 pages of this thread, so if it was said I apologize for missing it. But at retirement, you can literally take 6 figures a year in income via policy loans, pay ZERO income taxes, and still qualify for food stamps and welfare if you wanted to be a jerk. Plus your social security will not be taxed unless you are taking earned income from other sources that put you over the threshold.

The MEC was created because the government realized if they didn't do something, then people would keep putting their money into life insurance. It's no coincidence that qualified plans (401k, IRA, etc) came about around the same time the MEC was introduced. In fact, they want to tax your money so bad they TELL you that you have to take a certain amount at a certain age out of your qualified plan.

It all starts with the 8th wonder of the world. Compounding interest. When you understand that, you will understand why IBC can help you. Most people save years 1-5, and then spend, thus setting themselves back at 0 never allowing compounding to truly take place. That is another topic for another day.

Other people get hung up on the rate of return which is irrelevant. I can show you how you can average 25% over 4 years and not earn a single penny. Again, another topic for another day.

When you can have your money work for you, be liquid, and put it to work for you in other vehicles such as real estate, you can't get much better than that!

Not only do I use my policy to purchase real estate but I also enjoy lending it for transactional funding.

You cant save your way to being rich!

So do you use policy loans for funding or do you actually withdraw from the cash value of the policy?

0 Votes

Well. Looks like this might make becoming a federal employee less attractive. Who wants to rent to a federal employee with such laws?

If this one passed then here's the next one:

"When choosing tenants, the federal government has the right to override a choice that disadvantages a potential tenant, who works for the government"

Slippery slope laws

3 Votes

Cool. I'm in Hamburg. Suprised to see that there are some Germany-dwellers here.

@Omar

@Omar Saqer what kind of real estat?

@Ken Breeze What's your background?

2 Votes

@Dennis M. From what I understand, B class seems to be a good place to start. Cashflow is more important. I have the feeling real estate is going to be less lucrative over the next few years because of a declining market, so I don't want to speculate too much.

0 Votes

@Andy Mirza What kind of headaches? I live in Germany and am thinking about getting started in the States. Just seems more profitable there.

0 Votes

I live in Germany and can fly internationally to the US for next to nothing thanks to my mother's flight privileges. I hope to buy my first home in the next year.

If you were me, where would you start looking? (I come from the Dallas area)

0 Votes

I think your questions are good. But I suspect their broad nature makes for a good book recommendation. Have you tried a book yet?

0 Votes

I think I am living in a House Hacking opportunity but not sure.

We live in a duplex (in-laws on the other side) which used to be used as a tri-plex. My family got bigger so we adopted the smaller 3rd part.

It is in desperate need of a new roof, so my in-laws (who just sold their house to move in) wanted to just pay for a new one for 30,000 € (we live in Hamburg, Germany).

But what if we combined our capital for a down payment on a loan and rehabbed this house into a fully functioning modern triplex. Then rented out the 3rd living space?

- We could share our big yard.

- They would have a place to park.

- We are almost central to the city with good transport system.

- good schools in the area

What would you do?

0 Votes

All Forum Posts by: Blair Lee

Blair Lee has started 2 posts and replied 9 times.

Post: I live and work abroad but I want to get into real estate in US

Post: Paradigm Life, Infinite Banking, Whole Life Insurance

Post: Bill introduced to shield unpaid federal workers from Landlords!

Post: Real Estates in Germany!

Post: If travel was no issue, where would you invest?

Post: Managing from overseas...

Post: If travel was no issue, where would you invest?

Post: House Hacking in SoCal

Post: Am I living in a potential tri-plex house hack?