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Greetings all,
I have been a life agent for 3 years now trying to get into bigger markets. My brother manages a real estate investment company that buys properties and turns them into rentals in college towns. His boss is interested in seeing if there is a way to insure the owner of property they have targeted for aquisition so that upon the owners death they can use tax free dollars to provide funding to purchase the real estate from the deceased family.
Do any of you have experience with this? They are interested in insuring people in their 60's and cash flow enough to pay the premiums. I am looking for any insight benefits/drawbacks of this approach and they would like me to prepare a powerpoint on how I could help them. Any comments or suggestions would be greatly appreciated.
Thank you very much for reading this post.
Tom
I have been a life agent for 3 years now trying to get into bigger markets. My brother manages a real estate investment company that buys properties and turns them into rentals in college towns. His boss is interested in seeing if there is a way to insure the owner of property they have targeted for aquisition so that upon the owners death they can use tax free dollars to provide funding to purchase the real estate from the deceased family.
Do any of you have experience with this? They are interested in insuring people in their 60's and cash flow enough to pay the premiums. I am looking for any insight benefits/drawbacks of this approach and they would like me to prepare a powerpoint on how I could help them. Any comments or suggestions would be greatly appreciated.
Thank you very much for reading this post.
Tom