EP335: How to Buy Real Estate with Credit Cards – Interview with Mike Banks
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This episode of Investing in Real Estate is sponsored by Right Networks. Right Networks can help you cloud-enable your desktop financial and real estate applications so you have more time to focus on your business. To learn more, give Right Networks a call at 888-210-0237 for a special 10% off discount. Be sure to mention CLAYTON MORRIS before 9/1/2018.
Ready to invest in real estate but don’t know where to start? We hear that a lot. It can be overwhelming to figure out how to purchase your first rental property without cash on hand or any personal connections in real estate.
We’ve teamed up with an amazing program that can help you can attain business lines of credit to purchase rental real estate—at zero interest! The process is incredibly simple and allows you to secure funding easily and quickly. On this episode of Investing in Real Estate, Mike Banks from Fund&Grow is here to walk you through the process, and help you determine if business credit cards can help you grow your portfolio!
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Fund&Grow is an amazing program – their team takes the time to contact lenders for you, and negotiate the terms of your business credit lines. They then follow up on every application individually, and makes contact with an underwriter in order to have your application reviewed by a human.
The implications of this strategy have no bearings on your personal credit score. The credit lines will not appear on your personal credit report, or influence your debt to income ratio. This is because the lines of credit are tied to a business entity that Fund&Grow will set up during the process.
This is a strategy I have personally implemented. By applying together for unsecured business lines of credit, Natali and I were able to secure $176k in zero interest business credit lines! Additionally, Fund&Grow has helped our clients secure over $20 million combined!
On today’s show, Mike is walking us through the entire process. We’ll talk about the benefits of working with Fund&Grow, how to prequalify, and two ways to pull money from your business credit cards. Whether you’re ready to pick up your first property or your hundredth, Fund&Grow’s program is a great tool to have in your arsenal!
To save $500 off your startup fee 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 our 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 most popular way to access funds from a business credit card?
- What is the minimum credit score to receive funding through Fund&Grow?
- What is the average amount of funding that Fund&Grow is typically able to attain for their clients?
- Why are many credit card applications systematically declined?
- What are the benefits of using rewards points from business credit cards?
- And much more!
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