Thank you for this information Darrens!! Just got my Permanent Residence here in Canada and would like to start investing in real estate. I wanna be my own bank and have a lot of good debt!! I wanna be coached too by people like you!
This is good. I have- been showing people since I learned about this about 18 months ago, I just realized I was showing it to the wrong market. Now I'm all about business owners and real estate investors
Darren, thank you for always putting out value. I listened to this when you released it. I’m now evaluating whole life insurance and re-listened. Huge value in this episode and of course always. Wth gratitude!
Very important topic... thank you for sharing Darren, your guests are always willing to give useful, practical and invaluable advice/info. You are one of the best, can’t praise you enough!
Darren, your podcasts are gold. Thanks for finding these pros and sharing their experiences with us. How does this only have 114 views?? Share this with your friends, people
@@DarrenVoros The least I can do. Thanks for reaching out to your network and sharing their expertise with us. I've learnt a ton from your channel over the last year
Great video, Darren! I am a life insurance broker and employ the same strategy for my real estate investor clients. Cash value life insurance is such a powerful tool when applied properly, but gets a bad reputation because of bad advisors pushing it on clients where term insurance would suit their needs much better. Love your videos, keep up the great work!
Hi Arthur, the idea is that by borrowing from the policy you get to benefit from both having the full cash value of the policy invested and generating dividends on a tax-deferred basis, and you have access to 90% of the cash value to invest in real estate or elsewhere.
@@tylerholmes2553 Thanks Tyler! The ability to borrow money from an investment vehicle while that investment vehicle continues to generate compound interest on the full amount, and tax free to boot, is incredible, that's for sure. To be honest, I'm blown away that it's even legally possible. But, pound-per-pound, and, as mentioned indirectly in the video, the gains on real estate seem multiple times greater in terms of return on investment. Plus, the mass majority of the returns on real estate are also compounded and tax-free. Or at least tax-deferred, which I'm assuming is also the case for the cash-value insurance policy?? Having that said, it seems that you would make (and keep) much more money if solely investing in real estate. Mind you, I'm only half way though Darren's book right now, and unfortunately the first half only explains why the alternatives are a bad idea haha. Appreciate the discussion!
Hello Arthur, as an IBC practitioner I know through experience how hard it can be to rewire your thinking. Simply putting IBC in first position will increase the ROR on any investment purchased. By now interrupting the compounding of the cash value you capture that return plus the return on your real estate. For example: lets say your real estate returned 15% net of tax, the way everyone finances this deal that is the total ROR, but, with IBC in first position, you can add say another 2.5 to 3% tax free to the same investment. That might seem like much but that is an increase of 14-17% on the same deal. If you don't want to make more money, don't do IBC!
Thanks for sharing guys. I am researching the subject and can't find people in Canada who know what they are doing as Darren Mitchell does. Looks like my search is over and I will contact him soon.
Hi! Thanks for the wonderful information. Would an insurance product like this one be suitable for a 24 year old who owns 2 residential properties, totaling 10 units? Should I wait to have a bigger net-worth? My buildings are worth about 900k$ and I sit at about 70-75% LTV. Good cashflow. Refinancing in 2 years. Thanks again
Thank you for the informative video sessions you are making. This is very interesting in which Daren Mitchell is talking about. I’m interested in getting more information from Darren Mitchell or getting in touch with him if possible.
Please please take your money out of Canada real estate market, the time has passed. Canada is not good for real estate! Please please invest somewhere else or in another business 😊!
Thank you for this information Darrens!!
Just got my Permanent Residence here in Canada and would like to start investing in real estate. I wanna be my own bank and have a lot of good debt!! I wanna be coached too by people like you!
This is good. I have- been showing people since I learned about this about 18 months ago, I just realized I was showing it to the wrong market. Now I'm all about business owners and real estate investors
Darren, thank you for always putting out value. I listened to this when you released it. I’m now evaluating whole life insurance and re-listened. Huge value in this episode and of course always. Wth gratitude!
Very important topic... thank you for sharing Darren, your guests are always willing to give useful, practical and invaluable advice/info. You are one of the best, can’t praise you enough!
Darren, your podcasts are gold. Thanks for finding these pros and sharing their experiences with us. How does this only have 114 views?? Share this with your friends, people
Thanks for the kind words Ashwin.
@@DarrenVoros The least I can do. Thanks for reaching out to your network and sharing their expertise with us. I've learnt a ton from your channel over the last year
3,900 views now 11 months later.
@@therealestatepuzzle4966 still way too few views for the quality
Great video, Darren! I am a life insurance broker and employ the same strategy for my real estate investor clients. Cash value life insurance is such a powerful tool when applied properly, but gets a bad reputation because of bad advisors pushing it on clients where term insurance would suit their needs much better.
Love your videos, keep up the great work!
This is life altering information... soo grateful for your time and willingness to educate 🙏🏾
I started my cash value whole life insurance last year. I wish I had known about it earlier. 😢.
But better late than never.
Which company did you choose? I have my eye on Equitable Life of Canada.
@@ingoStudio that's the one.
@@ingoStudio Manulife actually has a product that has even better cash values than Equitable
Great video as per usual Darren(s)
Hi Arthur, the idea is that by borrowing from the policy you get to benefit from both having the full cash value of the policy invested and generating dividends on a tax-deferred basis, and you have access to 90% of the cash value to invest in real estate or elsewhere.
@@tylerholmes2553 Thanks Tyler! The ability to borrow money from an investment vehicle while that investment vehicle continues to generate compound interest on the full amount, and tax free to boot, is incredible, that's for sure. To be honest, I'm blown away that it's even legally possible. But, pound-per-pound, and, as mentioned indirectly in the video, the gains on real estate seem multiple times greater in terms of return on investment. Plus, the mass majority of the returns on real estate are also compounded and tax-free. Or at least tax-deferred, which I'm assuming is also the case for the cash-value insurance policy?? Having that said, it seems that you would make (and keep) much more money if solely investing in real estate. Mind you, I'm only half way though Darren's book right now, and unfortunately the first half only explains why the alternatives are a bad idea haha. Appreciate the discussion!
@@arthurnovak577 What is your latest conclusion and have you found any reputable vendors
Hello Arthur, as an IBC practitioner I know through experience how hard it can be to rewire your thinking. Simply putting IBC in first position will increase the ROR on any investment purchased. By now interrupting the compounding of the cash value you capture that return plus the return on your real estate. For example: lets say your real estate returned 15% net of tax, the way everyone finances this deal that is the total ROR, but, with IBC in first position, you can add say another 2.5 to 3% tax free to the same investment. That might seem like much but that is an increase of 14-17% on the same deal. If you don't want to make more money, don't do IBC!
How do we find out if our insurance policy is one of those 4 low fee product 🤦🏽♀️
Feel free to reach out to me, I can help - jordan@northwise.ca
That was a pretty good explanation and the benefits of a Par Policy. They are costly and you need time to build up any decent cash value though.
Thanks for sharing guys. I am researching the subject and can't find people in Canada who know what they are doing as Darren Mitchell does. Looks like my search is over and I will contact him soon.
so many of the gurus are US based and what we can do in Canada vs the States is different in many ways.
Great video! My question is are there limits to as much as we can put in depending on our income or assets owned? Thank you.
4:21 he speaks truth. Following traditional “wealth management” is never going to make you wealthy.
Where can I invest in real estate 50,000.
How can you get hold of this guy, bought his book but can’t get a response from him from his website?
Hi! Thanks for the wonderful information.
Would an insurance product like this one be suitable for a 24 year old who owns 2 residential properties, totaling 10 units? Should I wait to have a bigger net-worth? My buildings are worth about 900k$ and I sit at about 70-75% LTV. Good cashflow. Refinancing in 2 years.
Thanks again
Hi Darren, just wondering where I could find the names/contacts of some of these insurance companies who offer this product? Thank you!
Empire life and equitable is one of those. For more info you can mesaage me. No i m not advertising for myself just free advise.
Caroline, the best company out there for IBC is Manulife. Lowest cost of ownership and most flexible structure, we use it for all of our clients.
Thank you for the informative video sessions you are making. This is very interesting in which Daren Mitchell is talking about. I’m interested in getting more information from Darren Mitchell or getting in touch with him if possible.
Hello Joe, have you been in contact with Darren, if not please reach out to me for assistance
I need a coach to help me
Please please take your money out of Canada real estate market, the time has passed. Canada is not good for real estate! Please please invest somewhere else or in another business 😊!