“What we do, and when we buy your house subject to, is we will get a brand new insurance policy and add you as an additional insured to make sure you're covered in case a tornado, a fire, an earthquake happens, et cetera.”
Chris Monroe · Future Cash Flow Conversations · Seller Objections: Price and Decision Makers
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3:17
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What was described
when buying a house subject to existing financing, obtain a brand new insurance policy and add the seller as an additional insured
Said nearby on the same subject
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
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Said on Entrepreneurs on Fire
How they work$4 million initial IRA; projected $12 million tax-free benefit to heir…Share this moment
“Determine whether or not they have the capacity to obtain or maintain the insurance that's required for that service to be provided”
“Seller rate buy downs, assumable loans, seller financing. There's a, there's a handful of other things, but it has to come with brutal honesty first.”