Here’s how to use “untapped equity” in any property you own in order to build wealth.
Disclaimer: Be careful doing this on your personal residence. This takes discipline, so be smart.
1. If you have equity in your house, you can take out a HELOC (Home Equity Line of Credit)
2. Use the HELOC funds in order to start a whole life insurance policy (used for Infinite Banking)
3. Borrow against the Infinite Banking Policy in order to Invest in Real Estate. You can flip this property or fix and rent. If you choose to fix and rent, you can refi the money back out. Just make sure the property provides cashflow.
4. Pay the original HELOC off once you sell or refi the investment property. Or you can pay off the money you borrowed from the Infinite Banking Policy. (Paying off the HELOC is recommended)
5. Do it again!
If you’re keeping the property, the key is to make sure it’s providing cashflow.
Hope that helps you out today!
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Who is Jamel Gibbs (The Family Oriented Entrepreneur)?
"I teach real estate investors and entrepreneurs how to create time and freedom. Helping them get from where they are, to where they want to be, through proven real estate investment strategies. At the end of the day, I take the guesswork out of building a successful real estate business, moving you closer to building a life and business you love, for you and your family."
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