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
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:
Recommended Book:
Rich Dad Poor Dad by Robert Kiyosaki
Lifestyle Design App:
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:
Recommended Book:
Think and Grow Rich by Napoleon Hill
Lifestyle Design App:
BTM186: Lifestyle Design Virtual Deals with Australia Based Investor Alicia Jarrett
As a global real estate investor, Alicia Jarrett, today’s guest knows all about lifestyle design. Based in Australia, she’s been able to build her portfolio and flipping business in the U.S. with a virtual team doing (practically) all of the heavy lifting.
On today’s show, we cover a wide array of topics from the difference between investing in North America vs. Australia and other international countries to the team of realtors, contractors, title companies and virtual assistants that allow Alicia to do virtual deals from a yacht in Croatia or the snow in France. Over time her preference has went from flipping single family homes to flipping vacant land and we’ll dive into all of the details here on today’s show.
Key Points From This Episode:
- Australian Real Estate vs. U.S. Real Estate
- The market cycles of the flipping business
- Why land can be a more attractive investment
- Effectively building a virtual team
- How important the right realtor can be for your success
- Contractors and Virtual Investors.. The good, bad and ugly
Links Mentioned in Today’s Episode:
Recommended Book:
Awaken the Giant Within by Anthony Robbins
Lifestyle Design App:
BTM160: 5 Most Profitable Mobile Home Investing Strategies with Jay and Samera Harvey
Jay and Samera started their mobile home investing journey in 2017 after losing over $90,000 in unsuccessful real estate deals. In 3 short years, they have completed over 400 mobile home transactions and perfected the process of creating quick cash and cash flow using basic real estate strategies in mobile homes parks.
On today’s episode, we walk through their journey, how they found their niche and how they built a business as a couple that creates their lifestyle design.
Key Points From This Episode:
- How Jay and Samera’s first mentor scammed them out of $30,000
- The starts and failures of so many business before Jay and Samera find Mobile Home Investing
- The path to over 400 successful transactions with trailer homes
- The 5 main strategies for profiting with mobile homes
- Top benefits of mobile home investing in parks
Links Mentioned in Today’s Episode:
Recommended Book:
4 Hour Work Week by Tim Ferriss
High Performance Habits by Brendon Burchard
Listen to these books for free with Audible!
Lifestyle Design App: