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:
Recommended Book:
Rhinoceros for Success by Scott Alexander
Lifestyle Design App:
Microsoft Teams
BTM131: Buy, Rehab, Rent, Refinance & Repeat with Mark Owens
Mark has been an active Real Estate investor in the Baltimore Maryland area for the last 15 years. With over 100+ rental units, Mark on our guest for today’s show to teach us the infamous BRRR strategy where you find a deal and do the following: buy, rehab, rent, refinance and repeat.
Mark and I also discuss the metrics behind getting deals done. So if you’re wondering how many postcards should you send out or how many calls you should make before expecting a deal, listen to this episode.
Key Points From This Episode:
- The math behind the BRRRR Strategy
- Why single family homes cashflow better than multifamily
- How much effort it takes to get your 1st deal done
- How many yellow letters equal 1 deal
- The importance of credit when refinancing
Links Mentioned in Today’s Episode:
Recommended Book:
10X by Grant Cardone
Listen to this books for free!
Lifestyle Design App: