Be Your Own Bank – Cash Management Strategies for Real Estate Investors
“Being a real estate investor means handling a lot of cash. It may not seem that way, especially at first, but think about it. There’s the float on the cash flowing through your bank account. Then there’s the cash you maintain and build up to handle contingencies and long term maintenance. You have deposits you collect and hold for tenants. Let’s not forget about the growing “Opportunity Fund” you’re stockpiling until the next great deal comes long. And when you sell or refinance, there may be a BIG pile of cash flowing through your account on it’s way to its next mission.” – RealEstateGuysRadio.com
“Simply put, our guest Patrick Donohoe has opened up our eyes and minds to a completely unorthodox way to manage cash. Only it isn’t some wacko unproven idea. It’s something that the biggest cash managers on the planet, like Bank of America, Wells Fargo and J.P. Morgan Chase have been doing for years. And it’s something we would have never thought of without Patrick’s help.
Without giving away the story, here’s the idea: There’s a financial vehicle out there that enjoys very favorable tax treatment by virtue of being attached to another very old and time tested financial vehicle (hint: it’s not a bank account).
It works kind of like a line of credit secured by a property. Remember those? You could borrow against your equity at a low rate, use the money for whatever you wanted, then put it back whenever you wanted. And then you could take it back out again, anytime you wanted, without prior approval. Ahhh, those were the good old days! (hint: it’s not a mortgage).” – RealEstateGuysRadio.com
To learn more about the benefits Permanent Insurance or Infinite Banking offers call us at 1-800-870-8670 or by e-mail at info@paradigmlife.net.