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SVTPerformance's Chain of Restaurants
Road Side Pub
Whole life insurance
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<blockquote data-quote="tt335ci03cobra" data-source="post: 15905848" data-attributes="member: 68944"><p>Indeed, also many take out a 30 year mortgage on a paid off house to then use that money to max fund a policy, and write off the mortgage interest. </p><p></p><p>Basically any business owner will hire an employee at $20k a year that generates $60,000 to 150,000 a year. The payroll is an expense, and the income is nice. But that scenario is not tax free obviously. </p><p></p><p>A secured mortgage at 2-3% interest can be substantially tax deducted By about a 3rd or more depending on how it’s set up. That means 2-3% cost basis on 6-15% return. </p><p></p><p>Now we see (on $1,000,000) $20-30k spent to make $30-120k of profit. That’s 150%-300% return on investment. Every single year. Refinance it every 3 years on another 30 year. Never pay it off, watch the investment account compound.</p></blockquote><p></p>
[QUOTE="tt335ci03cobra, post: 15905848, member: 68944"] Indeed, also many take out a 30 year mortgage on a paid off house to then use that money to max fund a policy, and write off the mortgage interest. Basically any business owner will hire an employee at $20k a year that generates $60,000 to 150,000 a year. The payroll is an expense, and the income is nice. But that scenario is not tax free obviously. A secured mortgage at 2-3% interest can be substantially tax deducted By about a 3rd or more depending on how it’s set up. That means 2-3% cost basis on 6-15% return. Now we see (on $1,000,000) $20-30k spent to make $30-120k of profit. That’s 150%-300% return on investment. Every single year. Refinance it every 3 years on another 30 year. Never pay it off, watch the investment account compound. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Whole life insurance
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