Buying real estate with business credit. Yes, I buy real estate using my business
credit. It's in my business's name. I do it all the time. This is the new and
improved way to buy real estate. However, so many people tell
you wrong information there's a lot of bad info out there. I'm going to tell you
the truth how you really get it done so that you
can start doing what I do. Let's go.
So, let's talk real estate investing and the types of real estate that you are
going to buy with business credit so that you can
make the most money. So, we talk about real estate investing,
many of you guys already know you are not just buying
houses that you like in neighborhoods that you
want to live in. Real estate investing is about making
the most money off of a property. And so, there's several different ways
how we make money off real estate and here's some of the things that you
should be looking for: So, we're talking about real estate, you
can do several different things. You can start by wholesaling real estate
and that's where you find properties that are below market value.
Usually people are behind in foreclosure or they're getting divorced or they're
going through a bankruptcy or something like that.
You get those properties under contract and then you flip those contracts to
investors for a fee. Usually 5 thousand or 10
thousand dollars. That's typical. Then once you kind of get going, a lot of
times you might do some fixing flipping. That's where you still find those off
market properties. But you go ahead and you do some renovations, you do a rehab
on it and then you sell the property for
hundreds of thousands of dollars. The actual on realty track when you
look up the stat for fix and flip, the average profit was over 65,000 last
year. So, very profitable if you get into fixing and flipping.
And then one of the things that you want to do with real estate investing for
sure is amassed rental properties whether it
be single-family homes that you rent out to long-term tenants or short-term
tenants. Or you might start getting some
multi-unit properties or even some small apartment buildings
and then large apartment buildings or condominium associations. You really want
to just progress and grow in your real estate investing.
And as you grow, you will make even more and more money. But before you get
started with any of that, let's talk about how you can get the
money in your business's name to do all of that stuff that i just told
you you can do. So now that we've established real
estate investing and what you're going to do with real estate investing, let's
talk about business credit because we are going to marry those 2 things
together and that is how you're really going to get to millionaire status.
So, when it comes to business credit, it is much different from personal credit.
Personal credit as you guys already know is Transunion, Equifax and Experian.
They report your personal debts. You know, if you have auto loans or credit cards
or mortgage or student loans, all of that information is reported on
your personal credit report and you want to establish those things
so you can have a decent Fico score. Business credit is completely separate,
okay? There's actually Experian business, Equifax business and Dun and Bradstreet.
Those are the credit reporting agencies for the business world. And those 2
things do not intertwine, okay? Your personal credit cards are not going to
report on your business credit report and vice versa. So, one of the things that
is amazing and where the real opportunity in this is, is with business
credit you can get bigger lines of credit you can get it faster
and you can get it without it affecting your personal credit score.
And so this will allow you to buy real estate to pay for marketing. To do
anything that you need to do in your business
so that you actually have the capital and the money that you need
to grow your business. And I'll be really honest with you.
This is why most businesses fail because they rely too much on their own personal
assets or their personal credit. And a smart savvy investor... And
again, I was late to the party when it came to business credit.
But this is how i took my business from hundreds of thousands to millions
by leveraging business credit. It unlocked the door to hundreds of
thousands of dollars for my business right off the bat, okay? i was able to get
hundreds of thousands of dollars for my business
in the first year of establishing my business, okay? My business credit.
And now, I've taken it to over millions. Because the thing with business credit
and why it is so powerful is that businesses and what businesses
do is much different from your personal finances.
In the business credit world, you are rewarded for having debt. As long as you
can pay that debt back, lenders and banks will lend you even
more and more and money. You can get your increases very quickly.
Additionally, they usually start you off with way more money than they ever
would with a personal credit card. So, i'm telling you because this is so
powerful and this is what's going to unlock you
to have a portfolio of real estate that is income producing
in a matter of months. So, let's talk about how we marry those 2 things
together. Because you know real estate investing makes a ton of money and you
know business credit, they will lend you hundreds of thousands
of dollars. Let's talk about how you will start to do this
really quickly. So, one of the first things that I learned with real estate
investing and how I've made so much money even before the business credit
was I had a coach that taught me about wholesaling.
But more importantly, he taught me how to find people that were having a property
problem and how to get those properties under
contract for pennies on the dollar. So, one of the things that you will do is
you will marry and find people with property problems. You
literally will start to target people that are behind on their mortgage
payments or in foreclosure or going through a bankruptcy or going
through divorce or getting relocated or they inherited a house that they don't
want. You will literally market to those people.
And then they will call you, they will answer your letters.
Then you will leverage the money that you have in your business credit to buy
those properties. So, giving you a quick example. And this
is how this works and how I was able to get...
Again, I had over 40 properties and I only spent a few thousand on most of
them to get them. I started targeting people that were
behind on their mortgage payments. And I started doing something called
subject to. Okay, I made a whole video on that. I'm not going to go here. I'm going
to put a little link in there for you so you can watch that whole video.
But basically what I was able to do is because they were behind on their
mortgage payments, I was able to get those properties for
just the amount that they were past due, okay? That's it. Again, they were about
to go with foreclosure. The bank was about to take the house back.
They might as well let me catch those payments up and take over those payments
for them and take that property over for them.
And I was able to monetize that property make it into a rental property
or fix it up and then sell it. And I got all the money to do that
from my business, okay? For my business credit. Now again, before i had business
credit, I was using my own personal money and I was using hard money and some of
those type of things. But if you do what I'm telling you,
Actually establish the business credit, you can use this to get properties for
pennies on the dollars. Have a mass of portfolio of properties
really quickly and leverage other people's money
without ever affecting your personal credit score.
And so once you have the business credit established, the way that you will use
this to buy rental properties and to get properties
is you will turn a lot of those business lines of credits
and those business credit cards into cash.
Okay? So, let me tell you how you quickly do that. So, when you start your business,
you want to make sure you get a business checking account.
This is so important. You are not really a business if you do not have a business
checking account. But when you go to open that business
checking account... And this again is very new.
They will probably offer you a business credit card.
Take it, okay? And then one of the things that you can start to do is get money
off of that credit card and deposit it into your business checking account.
This way when people ask to see your business checking account, they will see
regular deposits into that account and they will see that money is being put in
there and that you have money. And you're basically going to turn a lot
of those business credit cards and lines of credit
into cash, into your business checking account so that you can write checks for
earnest money so that you can write security deposits so that you have the
money that you need for your business. And it really is just
that simple. Take those lines of credit, take
those credit cards, turn them into cash by putting it into
your business checking account. Not your personal checking account, your
business tracking account. Okay. So, hopefully you enjoyed all of
this information. If you want a full course on how you can do all of
this, it's a little too long for me to have put here. It's noellessfreetraining.com.
And check out this class that I did just for you. It's a full training
teaching you the exact formula for investing in real estate making big
profits without losing money (again) completely free just for you.
I want to make sure that you have all the tools, all the resources and all of
the knowledge that you need to be successful.
This is Noelle. To your success.