Life insurance to invest in real estate may not be the most common funds used to purchase and renovate properties or build a rental portfolio. It can be a great strategy if you know what you are doing or have experts to help. In this episode of MAREI’s PartnerCast, Adam Doran from Prevail Innovative Wealth Strategies, shares this creative way to obtain funds leveraging your own life insurance. Prevail Innovative Wealth Strategies works with their clients to develop ways to have liquidity of funds with real estate investments and mitigate taxes by finding tax free assets.
Adam Doran explains as not only an advisor but an investor as well. He educates his clients on what he practices with having a clear capital strategy in order to safely build wealth. Doran speaks on his specialty in cash value life insurance. He points out, successful real estate investors often end up with a lot of extra funds that would be taxable. However, when invested in cash value life insurance, those funds become insulated from taxes. Other benefits of cash value life insurance also give access to funds to use for more investing. When funds are left in the policy it has tax free interest and the insurance is a benefit to your family if something should happen to you.
Adam Doran can be reached at adoran@prevailiws.com or (913)548-1447.
In our monthly meetings over the years we have provided a lot of education regarding creative funding and tax strategies. Check out a full list of previous meetings and their topics for more learning HERE. MAREI has a full calendar of events for networking, education and advocacy.
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