Business line of credit to buy real estate.
There is no shortage of money out there for real estate investors for business
credit for your business. You just have to know that you can get
money for wholesaling for fix and flipping to own some rental properties
and you need to know now is the time. There's tons of money.
Let me tell you how to get it so you can start today.
Let's go.
I'm going to share with you exactly how to get a business line of credit. If you
don't already have one, I'll tell you how to start from scratch and get one in the
next few weeks. If you already have a line of
credit, I'm going to share with you how to get that amount increased
pretty easily. I'm going to share with you some insider tips on how to get
approved for a business line of credit. I'm going to tell you exactly what the
lenders want to see and what they don't want to see.
And last but not least, I'm going to share with you my insider secret on what
to do with your business line of credit, what
type of real estate to buy so that you can make the most
money doing it. So, let's talk about business lines of credit.
So, a business line of credit works very similar to any other type of line of
credit. And it is different than a credit card
or from a loan. So, when it comes to business credit,
let's first talk about business credit and then i will tell you the difference
between lines of credits, credit cards and some other types of
loans that you can get. But they are different and you'll have
to do different things with them. So, first when we're talking about business
credit, I need you to know the difference between business credit
and personal credit. So, with business credit, it is
looked at much differently than personal credit. With personal credit, you have
Transunion, Equifax and Experian and they will
report your normal debt. So, if you have a credit card, if you have a
cardinal, if you have a mortgage, if you have student loans,
those type of things will be reported on your personal credit report
and you will have a FICO score. And it goes up and down depending on how you
use your debt. But with the business credit and why
it's so much more amazing, is it's all in your business's name.
Essentially you create a business. You have an
LLC or an s corp and you have an EIN number.
And the credit profile is separate from your personal credit file. It's different.
It's your business's credit. And so you have three different bureaus.
You have Equifax business, you have Experian business and you have
Dun and Bradstreet. And so those are the 3 different
business credit bureaus. And they will report
only your business's trade lines. So, if you have a chase
business credit card for example or if you have an auto loan and you put it in
your business's name, it will not report on your personal
credit it will only report on the business credit report.
So, this is an amazing thing to do. And most business owners really neglect to
build their business credit properly. And this is probably why most businesses
fail. But you're not going to make that mistake. You're going to get all the
capital in your business's name and you're going to be successful just like
Noelle. So, let me get into that part. So, now that
we know that you can get trade lines, you can get credit cards, you can get loans,
you can get lines of credit. You can get all of those things
in your business's name the same way that you would on your personal credit.
Let me quickly tell you the difference between the 3. So, of course with the
business credit card, it works very similar to a regular credit card. You get
a card, you have a certain amount that you can use for cash or for cash
advances. But usually you will use that credit
card and make purchases. A business line of credit is much different. It is a
amount of money. For example, $50,000
and you can use it. And so if you use 20,000 then you have 30,000
still available. If you make a payment of 5,000,
now you have 35,000 available. Just giving you an example. So,
as you use the money, you have less on your line of credit
that you can use. But as you pay the money back,
that money becomes available to you again. So again,
this is powerful this is what you need to know for your business because
this is the key. This is going to unlock hundreds of thousands of dollars for
your business in the next 12 months if you listen to
what i'm telling you to do. So, here's what I'm saying.
Establish your business and try to get business lines of credit. Because
those replenish themselves, okay? You can easily get
10, 20, 30 thousand dollars from your business, okay? This is very easy to
do. They're giving this type of money to startups. If you're an established
business, been in business for more than 2 years,
you can probably get easily 50 or 100 thousand dollars in a line of
credit in your business's name. You can use it
make purchases as you start to make revenue in your
business. You pay that money off and it becomes available
for you again to use again. And I'm going to give you another
key. With business credit, it's very easy to get those limits increased.
So, as you make those payments on your business lines of credits
on your credit cards, on those loans, every 6 months, you can go back to
those lenders and ask for an increase. And so, long as you're making
your payments on time, you'll be surprised. They will say yes.
Because it's a different psychology between business credit
and personal credit. With business credit and business funds,
they want to give you money for your business. They want your business to be
successful and they want your business to grow. So, as long as you're able to
show that you can make those payments and you're making them on time,
they usually will give you more and more and more money to grow your business.
And this is how small businesses become big businesses. So now, let's talk about
real estate investing and how you're going to use these business lines of
credit to get real estate and make money with
real estate. So, before I get into that, let me quickly tell you what you're
going to do a little bit differently than what
regular people do. So, we talk about real estate, we're thinking about real
estate investing. This is where you will find people with
property problems. People that are behind on their mortgage payment. People that
are in bankruptcy, people that are in foreclosure. People that
got relocated. People that have a house basically that they cannot afford
or a home that needs repairs and they don't have the money to repair it.
Okay? These people literally will call you. You can market to them. You can send
letters. You can call them. You can put out signs.
And they will call you and they will let you know that they're having a property
problem. To get those properties, you usually only
have to be able to solve that issue. So, if they're behind on their mortgage
payments, you maybe have to catch those payments over
and take those payments over in order to get the home for them. And so, this is how
I've been able to get homes for 4 and 5 thousand dollars
because that's how many months they were behind on their mortgage and then I
and then i took over the mortgage payments and i had a rental property for
just a few thousand dollars. And the amazing part where this became
incredible for me and where I started making
so much more money than I was making before is by leveraging my business
credit. Because I had all of this money in my
business lines of.. In these business lines of credit.
In fact, I have a million dollars in business lines of credit. I'm able to
acquire properties easily, very easily. Like I
have all the money that I need. If someone's behind on their payment, I can
quickly write them a deal. I can quickly get them
you know that mortgage called out get them out of that property. I can quickly
make deals with people. I have earnest money that I can give to people.
And again, none of this money is mine. It's all in my business's name
and I use it to acquire income-producing properties.
So, once you kind of marry business credit and business funds and these
lines of credit and you marry it with property problems
and targeting people that are having an issue in financial distress with a
property, you have a formula to make a ton of money
and this is what we do and this is how you'll make a ton of money. Just start to
think like a real estate investor and go after those business lines of
credit because there's tons of money out there available for you
especially if you are a woman-owned business, a minority-owned business or a
veteran-owned business. There's literally billions of dollars
untapped at many of these banks --Bank of America, Wells Fargo, Lots of Credit
Unions, Axion. I'll give you a whole list of them
of people needing to lend money. Literally needing to lend the money, okay?
By law, they have to. They're not even getting enough people applying for these
funds. So, this is the time, guys. This is the time
to go after that money. Get that money for your business. Start
investing in real estate and change your life.
Okay. So, hopefully you enjoyed all this great information, you completely
understand with those business lines of credit. You can use it for marketing, to
find people. You can use it to send letters. You can use it to buy properties.
You can use it to take over the payments for people's properties.
There's a ton of different things that you can do once you start getting these
business lines of credit. And they're very easy to do once you get
your business established and you get a business checking account. Those are the
two things that you need to do if you want more information and you
want to be able to do all of this, I've created a
completely free course at noellesfreetraining.com.
That's noellesfreetraining.com. It'll give you my exact formula for
investing in real estate making big profits without
losing money. This is Noelle. To your success.