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If you want to pick up your first rental property but don’t have the funds, today’s episode is for you! Our guest is sharing a unique strategy; using business credit cards to buy rental properties. We're sharing exactly how you can utilize this strategy, and take action ASAP!
On this episode, I’m sitting down with Mike Banks of Fund&Grow to discuss their smart method of securing funding! We’ll discuss exactly how the process works, what you need to get started, and what to expect. Join us for episode 115 of Investing in Real Estate!
More About This Show
Fund&Grow began as a mortgage firm, but after the 2008 market crash, they had to restructure their business plan. Because they were unable to secure mortgages as easily as before the crash, they decided to venture into business credit lines to bridge the gap.
They quickly realized that real estate investors were their most common client. Although Fund&Grow works with different types of clients, Mike estimates that 80-90% of their client base is active real estate investors.
In fact, the process is incredibly simple for new investors. As long as your credit score is sufficient, Fund&Grow can help you secure funding easily and quickly. I’ve even gone through this process personally, and was impressed at how quickly I heard from a specialist.
What makes Fund&Grow unique is their negotiation process. They take the time to contact lenders for you, and negotiate the terms of your credit lines. Their team follows up on every application individually, and makes contact with an underwriter in order to have your application reviewed by a human.
On today’s show, Mike is walking us through the exact step-by-step process that Fund&Grow uses to help investors like you secure financing through business credit cards. We’ll talk about the personal benefits you can reap from having a business line of credit, and how Fund&Grow can help you with your business entity.
Mike is sharing the mechanics of a business credit card, and how to get zero interest on your credit line. This episode is packed full of information that can help you take action on your real estate journey! To learn more about Mike’s work with Fund&Grow, visit MorrisInvest.com/funding.
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What is the minimum credit score to receive funding through Fund&Grow?
- How long does it take to receive funding through Fund&Grow?
- Which banks does Fund&Grow send applications to?
- What is an unsecured line of credit?
- And much more!