Last month’s article in REIP focused on the personal side of the Infinite Banking Strategy which was created back in the 1970’s.
This month the focus will be using the banking strategy with a real estate business. The goal is to create another profit center by keeping your money that is already being spent as an investor.
Creating another profit center with your real estate business is really important RIGHT NOW
because at the beginning of 2011 the capital gains tax is going to be raised to 20%, taxes on dividends will be tripling, and the estate tax is going from 0 to 55%. This strategy, when set up correctly, will have you pay zero on the above just mentioned.
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About the Author |
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Rick Hainey
West Palm Beach, Florida, United States
Rick has been involved in various aspects of banking since 1991 and is currently serving as a licensed insurance agent with his primary focus on infinite banking.
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