You want to invest in real estate (or any investment) and you need access to capital to make the purchase. You approach your friendly commercial banker and ask for a loan. The banker is going to ask you a myriad of questions such as: What’s the loan for? What’s your income? What repayment schedule are you committing to? Of course the banker will look up your credit score. This process will take time, even if it’s successful. Finally, you are committed to repaying the loan on a fixed schedule.
In contrast, suppose you were the bank and owned a Family Bank Account. To access capital you simply had to make a phone call and received the funds quickly. No one asks what the money is for, what your income is, no credit check and best of all no fixed repayment plan. If you have a tight month, no problem as you don’t need to send any money to your own bank if you don’t want to. On top of this your Family Bank isn’t tied to any other assets so you are far more protected.
In this video we review of how to use a Family Bank Account for all your financing needs and specifically how to be the most efficient and productive financing real estate investments. Then look at the numbers of a property and how the Family Bank increases the return on your real estate investments by keeping your dollars working in two places at once.