https://goo.gl/9uFYbeI discovered Fi on 03/2017 and since then have paid a little over $20K to student loans and as of Nov. 1st will be completely Std Loan Free after over 10 years! However now I am consuming books like crazy and a friend recommended this book, because his dad read it and started loaning himself money from his life insurance a little over 10 years ago for rental properties. I was wondering if...
- Has anyone read this?
- Is it really worth doing?
I have mixed feelings about it, because like most of my searches on this forums, life insurance is just that, insurance if you dont have the money. Since I am now on my way to Fi, I was more thinking that I should just cover the term before I am independent and then just drop it. But part of my plan is to buy rentals, I am in a area where the rental game is bananas, and people are buying $50K houses dumping $10K into them and then renting them for $1,200. I have two relatives that now have over 9 house combine that pretty much have just set them up.
So... what do you think about becoming your own banker?