You are currently viewing Flipping America 336, Business Credit

Flipping America 336, Business Credit

What if you could make $10,000 more on every flip, simply by paying less for capital? What if you could access large lines of credit with NO personal guarantees and not attached to your personal credit? How many more deals could you do? What would it add to your bottom line? How different would your life be 5 years from now if you could do two more profitable deals each year between now and then? These are the types of questions you should be asking when you begin to think about business credit. Now I’m not talking about the type of business lines of credit where you pay what amounts to 40% interest and you have to make daily payments starting the next day after you receive the money. I learned this business model the hard way about 8-9 years ago. I had a few conversations with some money guys in New York. Turns out they had clever ways to avoid having their interest rate labeled usurious, but they were work arounds. And they were a rip-off. Since that time I have been on the robo-call list as a sucker who needs money. I get 5-10 of these call every day. Still to this day. 

But that is NOT what we are going to be talking about. We are talking about legitimate lines of credit for your business, obtained because of and on behalf of your business. These loans are solid and real. And I’m going to tell you right now that since I favor good quality debt backed by real estate, this program qualifies. Stephen Wible is coming up in a few minutes to explain it, which I will let him do.

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 877-55-ROGER (76437)    ext 1. Leave your message or your question. 

Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Real Estate Investing QuickStart

Announcements:

  • The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities. 
  • “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

News: 

Topic: Business Credit, with Stephen Wible

info@creditsuite.com

  • Home Depot Lowes, visas, master card, etc. 
  • Car loans. 
  • Email address is a potential red flag. 
  • Need a real business line. 
  • Google voice doesn’t work for this, Its not listable. 
  • There are 125 items in the fundability database. 
  • Wheel of fundability. Most of it is automated. 
  • LexisNexis 

Your Questions

  • Cherry, Atlanta “What do you see for the market in 2020?”
  • Stephen, Atlanta, “What are your top criteria for entering the market in a distant city?”

Motivational Thoughts for the day

“You can’t have a million dollar dream with a minimum wage work ethic.” -anonymous

Expected Air Date: Mon 2/15/2020

Guest: Stephen Wible

Tags: , , , , , , ,