All Forum Posts by: Michael Johnson

Hey Nate, There is no reason to be hard on yourself for taking the time to jump into real estate. There are two kinds of great deals the good ones that you purchase and the bad ones that you dont. One thing that may be beneficial for you..

With your liquid cash you can fund a life insurance policy (I know it sounds crazy) (I dont recommend pulling capital from other investments though because its important to not over-leverage).... the account I'm talking about will be safe from economic downturns and it will grow at about 7% on average TAX-FREE. That way you are being "a good steward of what you have" taking the "talents" you have and growing them while protecting them at the same time. When you are ready to purchase a property, All you have to do is take a policy loan out on your own money, and you can pay cash for the property. The cool thing tho, is that because it's only a loan you are still netting your interest rate on the entire amount, even when you deploy that capital to fund your real estate.

If you decide to invest in SWFL or want to talk about the tax-free fund reach out!

ps. Im not trying to sell you, ill give you what I know for free, but don't just take the idea and run with it, because it's easy to mess it up by structuring it wrong.

To clarify im at the very bottom left of the state. You cant go any further south past marco island on the west coast. 

Southwest florida is an amazing place, its beautiful but expensive. Depends on your time horizon, anything that is close to the water is obviously more expensive. Marco Island is a nice pocket of wealth but your talking multi-million dollar homes. Lehigh is lower price but it is also lower income and not close to the water, however, its growing and they are redoing the roads and putting in new schools so that could be a nice place to scoop up some cheaper properties and land, other than that, I like "Tice" Its east of downtown fort myers but on the river. It is also a low-income area mostly dilapidated. However, they are expanding downtown fort myers and there isnt much room left, its historic and congested the only direction to expand is vertical or east upriver. When you come down reach out ill introduce you to some REI meetings that arent on meetup etc for some reason.

Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.

Before I begin there are a lot of very specific variables that come into play. So please don't just take the idea and go do it on your own because there's a good chance it won't work correctly even with some professionals. I'm more than happy to tell you all my secrets for free. So, yea be careful.

but basically, here it is...

I purchase a whole life policy (life insurance), different versions for different reasons. After about year 2 or 3... the cash value will increase by about the amount you pay into it.. dollar for dollar (normally more including the interest)

so, you have this cash account growing tax-free and protected from the markets and the economy. That you can either take policy loans on yourself, or get a collateralized loan from a bank. You can use that money for whatever you want whenever you want. But here's another cool thing, your money is growing at around 7% tax-free (Conservative). The policy loan charges about 4%. This means while you have your policy loan outstanding, you are still making the interest spread on your entire amount. Because technically your money is still in the fund. It has just been loaned on.

reach out and connect with me there's more details to give, but I'm looking for people to try to shoot my idea down honestly.. help me find the holes that I don't see. I've met with two different firms and narrowed the specifics. Let me know what you think!

Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.

Before I begin there are a lot of very specific variables that come into play. So please don't just take the idea and go do it on your own because there's a good chance it won't work correctly even with some professionals. I'm more than happy to tell you all my secrets for free. So, yea be careful.

but basically, here it is...

I purchase a whole life policy (life insurance), different versions for different reasons. After about year 2 or 3... the cash value will increase by about the amount you pay into it.. dollar for dollar (normally more including the interest)

so, you have this cash account growing tax-free and protected from the markets and the economy. That you can either take policy loans on yourself, or get a collateralized loan from a bank. You can use that money for whatever you want whenever you want. But here's another cool thing, your money is growing at around 7% tax-free (Conservative). The policy loan charges about 4%. This means while you have your policy loan outstanding, you are still making the interest spread on your entire amount. Because technically your money is still in the fund. It has just been loaned on.

reach out and connect with me there's more details to give, but I'm looking for people to try to shoot my idea down honestly.. help me find the holes that I don't see. I've met with two different firms and narrowed the specifics. Let me know what you think!

Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.

Before I begin there are a lot of very specific variables that come into play. So please don't just take the idea and go do it on your own because there's a good chance it won't work correctly even with some professionals. I'm more than happy to tell you all my secrets for free. So, yea be careful.

but basically, here it is...

I purchase a whole life policy (life insurance), different versions for different reasons. After about year 2 or 3... the cash value will increase by about the amount you pay into it.. dollar for dollar (normally more including the interest)

so, you have this cash account growing tax-free and protected from the markets and the economy. That you can either take policy loans on yourself, or get a collateralized loan from a bank. You can use that money for whatever you want whenever you want. But here's another cool thing, your money is growing at around 7% tax-free (Conservative). The policy loan charges about 4%. This means while you have your policy loan outstanding, you are still making the interest spread on your entire amount. Because technically your money is still in the fund. It has just been loaned on.

reach out and connect with me there's more details to give, but I'm looking for people to try to shoot my idea down honestly.. help me find the holes that I don't see. I've met with two different firms and narrowed the specifics. Let me know what you think!

Ladies and gentleman, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an  incredible short medium and long term play. 

Before I begin there are alot of very specific variables that come into play. So please don't just take my idea and go do it on your own because there's a good chance it won't work correctly. Im more than happy to tell you all my secrets for free. So, yea be careful. 

but basically here it is...

You purchase a whole life policy (life insurance), different versions for different reasons. After about year 2 or 3... the cash value will increase by about the amount you pay into it.. dollar for dollar (normally more including the interest)

so, you have this cash account growing tax free and protected from the markets and the economy. That you can either take policy loans on yourself, or get a collateralized loan from a bank. You can use that money for whatever you want whenever you want. But here's another cool thing, your money is growing at around 7% tax free. Your policy loan charges about 4%. Which means while you have your policy loan outstanding, you are still making the interest spread on your whole amount. Because technically your money is still in the fund. Its just been loaned on. 

reach out and connect with me theres more details to give, but im looking for people to try to shoot my idea down honestly.. help me find the holes that I dont see. Ive met with two different firms and narrowed the specifics. Let me know what you think! 

@Hal Mullins it's a good question

@Nelson Del Castillo Do you get accurate phone numbers from land voice and redx? I have had very poor phone numbers from several sources.

Thank you all. I dont have experience with Bankruptcies.. I assume she has money stashed in commodities or liquid off the books assets like entire sports team signatures hangin on the walls etc. I assume she is going through bankruptcy to start over. Either way, thanks guys.