I can't tell if you are adding additional structure to increase the square footage or if you are getting that from the basement finsih out.

500,000 is not enough if your family depends on your income for support and you pass away prematurely. if you borrow from the policy you reduce the face amount and universal life does not have Paid up additions as indicated by a previous poster.

I think there are a lot of people who have one question and would not want the additional hassle of adding a picture before that.

All of these tactics may get additional time for the borrower but not cancel or halt the process in any substantial manner.Further, as stated above.

Additionally I have no problem paying title company for any assistance they may be.

In addition there was alwasy someone there trying to sell me the latest greatest REI strategy.If I had to do it all over again I would probably go the mentor route.

That's an additional $125,000 a year.

I'm not saying you shouldn't do the deal, but I would only do it if I was sure I would see some monthly cash flow in addition to the other lease/purchase stipulations.

In addition I would be paying rent on a place while I search for a home and essentially lighting that money on fire.

Are we saying that the logistical nightmare of owning property out of state more than destroys that additional 1.3% return?