All Forum Posts by: Kathy Utiss

I think this information is very valuable in today's market place. Rather it be in real estate or any other service business. There are actual companies that are good with doing the listing optimization and everything in number two. Doing that type of build out now with a group for my credit repair biz. Not cheap but I believe in today's day and age absolutely necessary. Otherwise companies are not going to obtain the biz they could. 

It's a loan against the home. It's paid off from the policy created when it pays out. 

What is happening in Florida happens everywhere. As we are all shown how to create debt. But are not shown how to both offset our debt creations and insure we create additional income for our future.  Then when things happen beyond our control are literally screwed. Many people do one thing in this life that is talk of performance. Meanwhile most will do everything but get advice that actually HELPS them! As many give good lip service with no intent to ever perform. 

So how do you remedy the ongoing income inequality crisis? Show people how to use their life, health, and home(assets) to utilize their assets to fund their now and future as much as possible. If we focus on creating good karma our efforts will produce less negatives which I think is what is wanted. It should be WANTED BY EVERYONE!

It's within our laws to build financially secure individuals. That will make it easier on individuals that do try to be good upstanding indivdiuals.  An indivdual thru my company can now fund an IUL thru one of America's top life insurance companies. For a 15% equity stake. This isn't a heloc. The minimum appraised amount is $400,000. 15% is $60,000. That $60,000 over their lifetime depending on how long they live could make them $2 million over their lifetime as the IUL pays out every 8 to 13 years to the asset creator. The creation comes with other benefits. Most just are not aware of how to utilize this one life as an asset creator and leave money on the TABLE!

200 doors is nothing. Once you figure out how to add value to everyone's life! Truth is it costs everyone $0 to see if they can use this one life each of us have to live to see if they can insure it against DEFAULT! Think about that! I figured this out after years of chasing my *** in this industry! 

If I call you and tell you that you owe my client $50,000 then what I tell you should BE TRUE! Otherwise that could bring HARM into the picture. But who could think of all the things they would uncover in this life?

So my biz partner is a life ins agent if one wants to use their health to see about insuring their debt creations/life against default they can now. As my biz partner got in contact with the correct people at the life ins company. If someone now has a $400,000 property with 15% equity ($60,000) the IUL they create will pay out every 8-13 years $400,000 it starts at 18- but if someone starts at 38 even they have a chance of getting paid out 5 times at $400,000 this is $2 million for $60,000. 

Other benefits are tax deductions, long term care, and a death benefit. There is no refinance necessary as the life ins company has worked this out with top banks. The life insurance company that is in top place in America is having a call about this tomorrow as well! Imagine insuring income on your properties even if vacant for some reason say like COVID! Every American will be able to do this! Besides just JOBS that don't CUT IT FOR MILLIONS!

It's hard to beat some of the best advice your being given in real estate. It sounds like your brother chose you to carry on a legacy. I would suggest talking to a life insurance agent besides an attorney. What their requesting you to do is a normal procedure followed when the situation on the originators of the debt change. You'll find this especially in a divorce. Say like wife receives home husband leaves. She now has to qualify to keep the home w/o hubbys income. Hence, why everything is so important to have structured in this life. The potential can be very enormous if done correctly. As this amount puts you in an accredited investor position which opens some opportunities not found in normal loans. You'll find some of the best free advice in these forums.  Good luck in coming up with the best solution to benefit your life the best :) 

This is all so true. I tried to get approved for people to have a deferred mortgage. I didn't achieve this. What I have gotten approved is still amazing if you ask me. This is approved via one of the top life insurance companies in the country. It works if someone is buying or selling real estate, businesses, or even funding for non-profits. Or if an investor has multiple notes they want to insure their income on. 

I started a non-profit whose purpose is to assist in Ending Homelessness. It comes from years of experience of trying to be successful in this one life we all have to live. While there are many successful in this business many are not. We get told many things in this lifetime that just are not true. So I'm hoping I'll get some honest input since I RESPECT so many opinions of those known to me and, unknown to me in this world. 

The initial goal was to insure purchases against default. While I haven't gotten the approval I wanted I got some good news still. What I'm able to offer now is via one of America's top life insurance companies. This is an opportunity to use your life if you qualify healthwise to insure your life basically against default. As you create collateral that will pay off insure repayment of your investments in approximately 13 years. Plus an additional piece of collateral. Along with some other benefits. 

Honest input good or bad is greatly appreciated :) 

Usually FHA only goes up to 4 units. However, they are supposed to have a multi-family program for over 4 units. Not sure if anyone can chime in about such availability for you or not. If so regular FHA is 3.5% of purchase price down, closing costs, 75% of income generated from each unit is considered to use as income towards the loan. You don't say the purchase price. There are other things they will consider as well. Like Insurance, repairs,future income growth. My biz associate says you usually want a property making 10% so if your buying at $2m it should have an income of $200,000. If you can't get this property maybe going with a 4 unit one even without such a great deal would still be beneificial. Maybe you could get down payment assistance that way. Not sure what MA offers but I'm sure there are probably programs. Although, read up and see what you qualify for there may be better options besides FHA.

These are other things to consider-

Purchase Price $175,500 Possible ARV is $234,000

if correct your purchasing at a price of 75% LTV

This is a possible equity gain of $59,000

Then if your selling sometimes seller's pay 6% this is $14,000

Then you will need a good repair estimate. I might even suggest a home inspection. Some lenders only accept from vendors they can verify performance on. I'm thinking there is a special name for them besides a handy man or licensed contractor. So without repairs your down to $45,000. Then you have to be sure of the days on market for homes similar to the one your purchasing. Cause after putting everything on the line you don't want to be left with no way to continue forward as responsible as you are now :) Sounds like the monthly costs and rents are about the same. That could make it a difficult situation. 

Have a client thinking about buying an Air B&B prior to a primary residence. This way they would have more income. After expenses income is $15-$18,000 a month. Which way do you suggest. Want to advise them the best way.