My returning guest in this episode is the inspirational Gena Lofton. Gena provided so much value in Episode 54 for my listeners! In this episode, we discuss a strategy Gena uses in her own life to have the same dollar have multiple uses, a strategy called, Security based lending.
This strategy teaches how to leverage your stock portfolio to buy more cash flowing businesses and assets.
According, to Wells Fargo “a securities-based line of credit helps you to meet your liquidity needs by unlocking the value of your investments.
This type of borrowing may be easier to obtain and more cost-effective than other alternatives. It depends on whether you have sufficient eligible securities to use as collateral.
Some of the advantages of securities-based borrowing include:
- Access to cash when you need it
- Typically lower rates than other forms of credit
- No set-up, non-use, or cancellation fees
- Ability to borrow between 50% to 95% of your eligible assets, depending on the collateral and type of credit you receive
These lines of credit can be used for many purposes. Common uses include:
- Real estate purchase
- Expenses such as taxes or tuition
- Boat, car, or other luxury purchase
- Business opportunity
You can use a non-purpose securities-based line of credit for any purpose except to purchase, carry, or trade securities; refinance or repay margin loans; or repay any other loan used for securities purchases. A margin account is the only securities-based line of credit you may use to purchase securities.”
770: Mike Fallat: How To Multiply Your Business With The Million Dollar Book
My guest in this episode is Mike Fallat. Mike is the author of many business-related books. He has a goal of helping 1,000 entrepreneurs publish books and teaching them how to use their books as a gateway to generating 7-figures. His company, Dreamstarters Publishing, offers ghostwriting, cover design, automated funnels, and book fulfillment. They have…
769: Steven Bowles: Advanced Family Office Strategies
My guest in this episode is Steven Bowles. Steven founded Catalyst Advisory to take the experience he gained by working in a family office advisory firm and apply the best practices learned there to other families under an independent umbrella. Catalyst works with the best insurance professionals, wealth management firms, and trusted advisors to solve…
768: Dave Zook: Real Asset Cashflow Strategies
My guest in this episode is Dave Zook. Dave is a successful business owner and an experienced real estate investor active in Multi-Family Apartments, Self-storage, and ATM space. Dave has acquired more than $100 million worth of real estate since 2010. At the time of this writing, he and his investors own approximately 3000 Multi-family…
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