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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