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Straight Up Chicago Investor Podcast Episode 205: Be Your Own Bank And Grow Your Investment Portfolio With Nick Chaplain

Mark Ainley - Friday, June 9, 2023

Unlock the Power of Life Insurance: A Guide for Real Estate Investors

On this episode of the Straight Up Chicago Investor podcast, Mark and Tom are joined by Nick Chaplain, an expert in leveraging life insurance to build wealth through real estate investing. Nick shares how investors can use permanent life insurance policies as a source of tax-advantaged capital to fund down payments, pay off mortgages, and finance other real estate opportunities.

Nick explains how the cash value built up in a whole life insurance policy can be borrowed against to make down payments on investment properties. The best part? The money borrowed from the policy is tax-free, and the interest charged on the loan goes right back into the policy. This allows investors to leverage the policy to buy real estate without paying any taxes on the money borrowed or the interest earned.

In addition to using life insurance policies as collateral, Nick discusses how investors can benefit from tax-free retirement income, tax-free death benefits, and tax-deferred cash value growth in the policy. The policy acts as a "bank" that provides tax-advantaged money for investing in real estate and building wealth over time. Mark shares how he has utilized this strategy to help fund college educations for his children in a tax-efficient manner.

If you're looking for innovative ways to finance your real estate investments, this episode is for you. Nick provides a wealth of knowledge on how to leverage life insurance to achieve financial freedom and take your investing to the next level. Tune in to learn the details behind these advanced strategies from the experts.

Questions We Answer In this Show:

Q. What are the advantages of becoming your own bank

Q. Exploring the Benefits of Whole Life Insurance

Q. What is compounded money?


Show Notes:

  • 04:00 Housing Provider Tip: Listen to the first 50 SUCI episodes!
  • 05:30 Intro to our guest, Nick Chaplain!
  • 08:06 The “Be Your Own Bank” Strategy!
  • 09:27 Nick explains “compounding money”!
  • 21:55 Different Types of Life Insurance Policies 
  • 28:00 Mark shares his scenario of leveraging his Life Insurance Policy!
  • 39:05 Strategies to Pay for the Annual Premium!
  • 43:57 What is Nick's competitive advantage? 
  • 45:40 One piece of advice for new investors.
  • 46:30 What do you do for fun?
  • 46:55 Good book, podcast, or self development activity that you would recommend? 
  • 47:54 Local Network Recommendation?
  • 48:08 How can the listeners learn more about you and provide value to you?

Guest Name: Nick Chaplain

Guest Company: Boston Cash Flow Financial

Guest Link: https://bostoncashflowfinancial.com/nick-chaplain-marlborough-ma/

Other Links for show notes:

The Power of Zero (Book Recommendation)

Confessions of a CPA (Book Recommendation)

The Snowball (Book Recommendation)

Ash Wasilidas (Network Referral)

Chicago Investor Resources Shared

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Author

post.authorName
Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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