In today's episode of Wealth In Real Estate Development (WIRED), host Nick Smith interviews Bryan McCloskey, Wealth Strategist with Paradigm Life.
Nick and Bryan discuss on a high level how you can literally create your own bank to do real estate deals using specially designed whole life insurance policies. Bryan believes that everyone should know about these types of policies and should be using them. In the past, most families had whole life insurance policies. However, when the 401K started gaining steam in the 1970's, these types of policies faded in popularity.
Bryan believes that this vehicle can be great for real estate investors because you have immediate access to the cash value in these policies. NO CREDIT CHECKS OR APPLICATIONS INVOLVED! Bryan also emphasizes that many of his older clients wish they knew about this option earlier in life.
If the idea of "becoming your own bank" interests you, than this is the episode for you!
To learn more about Paradigm Life, please visit their website at www.paradigmlife.net.
And to connect with Bryan, feel free to email him at bmccloskey@paradigmlife.net.
In today's episode of Wealth In Real Estate Development (WIRED), host Nick Smith interviews Bryan McCloskey, Wealth Strategist with Paradigm Life.
Nick and Bryan discuss on a high level how you can literally create your own bank to do real estate deals using specially designed whole life insurance policies. Bryan believes that everyone should know about these types of policies and should be using them. In the past, most families had whole life insurance policies. However, when the 401K started gaining steam in the 1970's, these types of policies faded in popularity.
Bryan believes that this vehicle can be great for real estate investors because you have immediate access to the cash value in these policies. NO CREDIT CHECKS OR APPLICATIONS INVOLVED! Bryan also emphasizes that many of his older clients wish they knew about this option earlier in life.
If the idea of "becoming your own bank" interests you, than this is the episode for you!
To learn more about Paradigm Life, please visit their website at www.paradigmlife.net.
And to connect with Bryan, feel free to email him at bmccloskey@paradigmlife.net.