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

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

BTM187: Inside Sales Agents, Facebook Ads & Negotiating Tactics for Investors with Gustavo Castro

Gustavo Castro, today’s guest, runs one of the largest inside sales teams for real estate in North America. They make about 50K outbound calls a day, set 100 appointments a day and have over 600 active real estate clients.

On today’s show Gus highlights the power of an ISA (inside sales agent) and how to best utilize one in today’s competitive economy. Gus also knows how to fill the front end of his sales funnel with facebook ads and close on the backend with great negotiating tactics – all on today’s episode.

Key Points From This Episode:

  • Why become an entrepreneurial asset in someone else’s business
  • The power of asking yourself… ‘What’s the worst that could happen?’
  • The difference between a virtual assistant and inside sales agent
  • The future of phone marketing
  • Gustavo’s facebook lead generation strategy
  • Cost per lead vs cost per acquisition

Links Mentioned in Today’s Episode:

Gustavo’s Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Ring Central

BTM174: Budgeting, Saving and Investing for Financial Freedom with Todd Miller

This week on the podcast, I interviewed a real estate investor/financial coach Todd Miller, who has spent the past 11 years building up his passive income portfolio to quit his job.

His strategy was straightforward and not at all different from the plans many of us make to leave our soul sucking day job.

You know… Budget, save, invest and retire early on the beach somewhere.

If only it were that simple.

See we can know the steps but not understand them. We can understand the steps but not implement them. We can implement them but not succeed.

There are numerous areas in which we can fall short of the ever elusive financial freedom that we desire.

But if you’ve known me for any stretch of time, you are aware that I’ve made it my mission to help all of us better succeed.

Rather than claiming life changing results in a single episode, we wanted to help you with the baby steps for budgeting, saving and investing in hopes that these small actions will have massive results for you later down the line. This is a good one!

Links Mentioned in Today’s Episode:

Todd’s Website

Recommended Book:

The Alchemist by Paulo Coelho

Listen to this books for free with Audible!

Lifestyle Design App:

Google Docs

BTM168: Utilizing Napoleon Hill’s Think & Grow Rich Success Principles

This episode features a wide ranging conversation on the concepts illustrated in Napoleon Hill’s popular Think and Grow Rich Book.

Since its inception in 1937 there have been over 15 million copies sold worldwide but more importantly, billions made by the individuals who’ve acted in accordance with its principles.

On today’s episode, Daray is interviewed by Logan Freeman about Daray’s Think and Grow Rich experiment to help us all change and expand our thinking to reach our potential in business and life.

The discussion is followed by real life examples and exercises to create financial success beyond our wildest dreams.

Links Mentioned in Today’s Episode:

5K in 30 Days Challenge

90x Goal Planner