BTM197: $100,000 in Business Credit For Real Estate Investors with Mike Banks

Whether you’re a new investor or seasoned investor, business credit has the power to bolster your results by providing you with the much needed capital to grow your business. Some people turn to hard money and pay exorbitant fees to borrow money for their real estate deals. But what if you could borrow money from your own line of credit? – At much lower rates, or even free with 0% interest offers.

Today’s guest Mike Banks works at a company that has helped 20k+ businesses establish over $1 Billion in Business Credit providing most of their clients with $50k-$250k individual with 0% interest Business Credit. We brought him on the show to ask him how…

Key Points From This Episode:

  • Running a 10M per year business
  • Sole proprietorship vs. LLC
  • Personal credit vs. Business credit
  • Negotiating for business credit approval
  • Why not to do hard money loans
  • $30,000 to $100,000 credit in 4 weeks?

Links Mentioned in Today’s Episode:

Mike’s Website

Recommended Book:

Rhinoceros for Success by Scott Alexander

Listen to this book for free!

Lifestyle Design App:

Microsoft Teams

BTM196: The $5 Per Hour Virtual Real Estate Assistant, Man Myth or Legend with Alicia Jarrett

Alicia Jarrett is back! In episode 186 we discussed with Alicia how she created a virtual real estate business in the US all the way from Australia. As an avid traveller, long time flipper and land investor, she realized early on that her team would be the key to her success.

‘Help isn’t cheap’ or is it? On today’s episode we’ll dive into the Virtual Assistant / Customer Service industry as it pertains to a real estate investors business. Learn how to hire, what to look for in team members and how to set up the pay structure with them.

Key Points From This Episode:

  • Using and agency to source a Virtual Assistant
  • How to properly vet team members when hiring
  • timetohire.com
  • $5 per hour VA’s? What you need to know.
  • Alicia’s RAFT-B Success Model for team members

Links Mentioned in Today’s Episode:

Alicia’s prior appearance on BTM186

BTM195: Marketing For Leads That Create 1,000 Deals with Danny Johnson

Danny Johnson, today’s guest, has been doing wholesales and fix n flips since 2003. What started out as 6-10 deals per year quickly ramped up once Danny figured out a better way to market. Rather than market to properties on the MLS, Danny shares how is started marketing directly to sellers then watched his business explode practically overnight.

Key Points From This Episode:

  • How relevant is Driving for Dollars in 2021 and beyond
  • Why investors should stay away from the MLS
  • The mindset of a seller that goes through your marketing
  • How to remain relevant in a hot market
  • Why so many investors throw away most of their good leads

Links Mentioned in Today’s Episode:

Danny’s Website

Recommended Book:

Rich Dad Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Ninety.io

BTM194: Multifamily Millions in Emerging Real Estate Markets with David Lindahl

Starting out as a broke landscaper in 1996, todays guest Dave Lindahl’s goal was to simply create a better life for him and his family. In David’s first few years as an investor, David studied the markets closely and found creative ways to buy property with none of his own money.

Since then he has gone on to create a portfolio of over 9,000 units, become a New York times Best Seller Author – twice, and is now know as the premier expert in the study of emerging markets sharing stages with the likes of Robert Kiyosaki and Tony Robbins.

Key Points From This Episode:

  • Being mindful of where you get advice
  • How to become an expert without formal education
  • The 2 indicators of market movement
  • The lifecycle of markets
  • The best markets to invest in for growth in 2021
  • How David became a 2x best selling author
  • The effectiveness of micro repositioning
  • David’s morning routine as a Dad and Triathlete

Links Mentioned in Today’s Episode:

David’s Website

Recommended Book:

Awaken the Giant Within by Tony Robbins

Listen to this book for free!

Lifestyle Design App:

TikTok

BTM193: Ensuring Your First Renovation Project Is Profitable with Van Sturgeon

Van Sturgeon, today’s guest has many titles.. real estate investor, home builder, renovator, general contractor and high performance coach. With over 1,000 properties in his portfolio, he’s been able to semi retired from those titles but is still pushing forward to help new investors with their rehab projects.

On today’s show, we’ll discuss the world of a contractor and equip you with the knowledge the successfully execute an on time rehab (within budget) and with profit.

Key Points From This Episode:

  • Why inexperienced contractors under charge and flame out
  • How to find the best General Contractor for your job
  • The difference between traditional rehabs and rental grade rehabs
  • If you are a real estate investor, why you should act as your own GC.
  • What is the correct order of operations in a rehab
  • How to create a scope of work
  • Why you should have a no tolerance attitude towards contractors
  • How to systematically pay your rehabbers

Links Mentioned in Today’s Episode:

Van’s Website

Recommended Book:

Think and Grow Rich by Napoleon Hill

Listen to this book for free!

Lifestyle Design App:

Quickbooks Accounting Software