All Forum Posts by: Mark Welp

@Adam Fiore

Nothing wrong with HELOCs. I use them as well.

Policy Loans are better because of the guarantees and you are in more control. HELOCs are good but the bank is still in control.

Let me know if you have further questions!

@Chris Mackinlay

Yes, don’t let your policy lapse.

The borrowing or leveraging ability of a policy is very powerful if the policy was structured correctly.

Thanks,

@Blake Edwards

Yes. High cash value life insurance, when structured correctly, is tax free. You take policy loans to finance things in life, such as real estate, while your cash value still grows tax free.

No penalties or taxes.

Again, it is the best place to store your capital.

A lot of people have misconceptions on whole life insurance. I did as well until i educated myself.

Let me know if you have more questions. Thanks,

@Blake Edwards

No qualified plans for me anymore.

I keep a lot of capital liquid in high cash value life insurance and then invest in the right opportunities.

Thanks,

@Brad M. In Columbus, mostly invest in SFH on the east side. In Cleveland, once you get past the city POS, I like Maple Heights. Yes, my CPA firm can assist really any size real estate investor on tax planning, compliance, and bookkeeping. Bookkeeping is the key to understanding your tax planning and tax strategy. I use QB online. Thanks!!

@Michael P.

I live in Columbus and buy in both Columbus and Cleveland. Both are good rental markets.

Thanks,

@Jeff Lundeen

I have multiple high cash value life insurance policies.

It is the best place to store your liquidity

@Brian Garlington thanks for the mention @Titus Capilnean

I am an investor/agent/CPA in Columbus and own property here in Columbus and Cleveland.  I have been buying in Cleveland a bit more lately compared to Columbus, as prices are a bit high in Columbus right now, in my opinion.  Let me know if I can help.  Thanks,

@Jim Goebel

Get overfunded whole life policies on your kids.

Build up large cash values with no restrictions.

You can use the cash values while the kids are young and then transfer ownership when they turn 18.

It will be a great gift to give them. Thanks,

@Dmitriy Fomichenko

Thanks! I will check!