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The Infinite Banking Concept allows individuals to create their own banking system using a life insurance policy. This is an excellent strategy for acquiring real estate investments, due to the ease of access to capital, and the ability to invest without restrictions. This method is not at risk to market volatility, and the payback structure is flexible.
Today’s guests have built their vast real estate portfolio by using cash value whole life insurance. Jimmy Vreeland and Bob Scott have partnered together to build a portfolio of over 120 investment properties. Jimmy and Bob are here to share their experience with purchasing real estate from insurance policies, and why they structure their real estate business around lease options. Don’t miss this episode of Investing in Real Estate!
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When Jimmy Vreeland and Bob Scott heard M.C. Laubscher discuss the Infinite Banking Concept, their interest piqued. The pair reached out to M.C. and picked his brain about how to get involved with cash value whole life insurance.
Using cash value whole life insurance as a personal bank gives the consumer direct access to liquidity. The funds in the account are not at risk to the banking system or market volatility. Additionally, all funds in the account can be accessed quickly.
Another benefit to this strategy is that the pay back terms can be scheduled in a myriad of ways. The policyholder is in complete control. The funds can be paid back monthly, quarterly, annually, or even deferred until death!
Jimmy and Bob posit that using this strategy has completely changed their investing journey. Now, they own over 120 investment properties together in St. Louis. All of their properties are lease option houses, which mitigates their liability of rehabs, and helps them find individuals who are more qualified than a traditional tenant.
On today’s show, Jimmy and Bob are sharing more details about their investing strategy. We’ll talk about how they structure their deals, and why more people don’t use cash value whole life insurance to buy real estate. It’s all here on episode 182 of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- How much of your insurance policy can you access?
- How long does it take to access capital?
- What is the death benefit?
- Are their restrictions to what the funds can be used for?
- What are the benefits to offering lease options?
- And much more!
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