All Forum Posts by: Cody Ringler

Hey guys new fix and flip investor! Im trying to figure out the holding costs to put into my numbers. Can anyone give me some advice on how to go about finding that?

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@Geordy Rostad Yeah the property taxes here in TX are outrageous! But we decided not to do a heloc and use a private lender.

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@Jaysen Medhurst thank you for that input. It does not have HOA fees. And the 250k was what he was asking so i just put that into the numbers for a rough estimate. the CMA that I got this morning said its at about 170k. Which definitely helps with the numbers you told me to update.

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Originally posted by @Thomas Rutkowski:

Originally posted by @Cody Ringler:

Hey guys I’m curious to see who leverages whole life insurance to fund real estate deals. I’m looking to start a policy that works well with us investors. Any tips or advice is greatly appreciated. As well as questions for me to ask the agents. Thank you!!

If you want a policy for leveraging into real estate, stay away from infinite banking advisors. You want a policy that is designed right up to the MEC limit from day one, not one that is designed for you to add more Paid up additions later. If your end of year cash value relative to premium is not 85-90% on the illustration, then you are buying too much death benefit. You want cash value.

This thread has a ton of information on properly designed policies...

https://www.biggerpockets.com/forums/519/topics/245380-paradigm-life-infinite-banking-whole-life-insurance?page=3

Here is a good tutorial on life insurance...

https://www.biggerpockets.com/member-blogs/7595/77981-whole-life-vs-indexed-universal-life-life-insurance-101

Thank you so much Thomas!

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Originally posted by @Tom Makinen:

Universal life will produce a higher return. If you are thinking about using it to invest, you might want to consider that. While the returns on insurance might not be as high as other investments, but they are tax free so you can in theory have 7-10% earnings per year tax free. I think of it as another investment vehicle where I can take out funds during different stage of my life.

Thank you very much!

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Looking to market and send out mailings. What are some of your guys’s Best marketing techniques on how to reach people and talk business?

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@Fili Aguirre I’ll do that tomorrow!

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All Forum Posts by: Cody Ringler

Cody Ringler has started 16 posts and replied 33 times.

Post: [Calc Review] Help me analyze this deal

Post: Fix and Flip holding costs

Post: [Calc Review] Help me analyze this deal

Post: [Calc Review] Help me analyze this deal

Post: [Calc Review] Help me analyze this deal

Post: Whole life insurance

Post: Whole life insurance

Post: Whole life insurance

Post: Looking for marketing advice!

Post: Pre foreclosure/subject to