How Policy Loans Work with Kristin Colca

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 22 December 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode, Kristin Colca. Kristin is a 100 Year Real Estate Investor Team Member who specializes in the Dual Asset Strategy. In addition to obtaining a finance degree, she completes ongoing training to maintain her status as a licensed insurance agent and Bank on Yourself Professional®. Her passion for helping her clients attain financial freedom has led her to specialize in designing whole life insurance solutions for real estate investors and entrepreneurs. She is able to connect with their ‘outside the box’ thinking around money to create unique solutions that meet their objectives. Key Insights: 00:00 Introduction 01:06 How Whole Life Policy Loans Work 02:13 Borrowing from your cash value 04:06 What's available to borrow 06:03 Pay back terms 09:30 What sort of items can be self-financed 12:06 How does it all work for a 100-Year Real Estate Investor 14:55 Summing up Listen to the podcast! This can change your life forever. If you want to learn more, download the eBook that explains the whole concept: https://100yearrei.com/ebook-download/ If you want to learn how you can begin to leverage a cash value Whole Life Insurance Policy to invest in real estate, create consistent cash flow income streams, and long-term generational wealth, get in touch with our Team here: https://100yearrei.com/callnow/ About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Transcript

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0:00.0	Hello, everybody and welcome to the 100-year real estate investor. We're your host, Jake and
0:09.9	Gino, and this is the show dedicated to long-term personal financial engineering. GEDAD, how's it going?
0:15.6	Jake, you got me a little hungry, talking about chicken wings and chicky, chicky, so I'm just a little hungry.
0:20.1	How are you doing? Koka, she's a 100-year REIT member who specializes in the dual asset strategy. So without further
0:38.7	ado, Kristen, welcome to show. Thank you, Jake. Hi, Gino. I'm hungry too. Chicken sounds really good.
0:43.9	Hey, we got to get through this. We have work to do. So let's focus up here because this, no, this is
0:48.3	important because we need to understand. This is the crux of the dual asset strategy. And we need
0:53.8	to understand how policy loans work forx of the dual asset strategy, and we need to understand how
0:55.7	policy loans work for the 100-year real estate investor to make the dual asset strategy pay us.
1:03.1	So, Kristen, please take it away.
1:05.3	Yeah, that's very true, Jake.
1:06.9	And there's a lot of misconceptions out there and misinformation about how these policy loans work.
1:13.0	And we're talking specifically about policy loans with the products that we work with and the carriers that we work with.
1:20.2	So this is very specific to the 100-year real estate investor.
1:24.0	But hopefully I can clear up some of those misconceptions today and give the listeners a really good
1:29.3	idea of how these policy loans work and why it makes sense to borrow against your policy
1:34.2	to invest in real estate.
1:35.7	We're going to be making some money.
1:37.3	Absolutely.
1:37.7	So to start with, when you think about borrowing from your policy's cash value, imagine that the insurance company
1:46.5	has two buckets. So the first bucket is your policy, right? Your cash value that you've built up and your
1:52.9	death benefit. And the second bucket is the insurance company's general fund. So this is the money
	...

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