Business Line Of Credit To Buy Real Estate - YouTube

Business line of credit to buy real estate.

There is no shortage of money out there for real estate investors for business

credit for your business. You just have to know that you can get

money for wholesaling for fix and flipping to own some rental properties

and you need to know now is the time. There's tons of money.

Let me tell you how to get it so you can start today.

Let's go.

I'm going to share with you exactly how to get a business line of credit. If you

don't already have one, I'll tell you how to start from scratch and get one in the

next few weeks. If you already have a line of

credit, I'm going to share with you how to get that amount increased

pretty easily. I'm going to share with you some insider tips on how to get

approved for a business line of credit. I'm going to tell you exactly what the

lenders want to see and what they don't want to see.

And last but not least, I'm going to share with you my insider secret on what

to do with your business line of credit, what

type of real estate to buy so that you can make the most

money doing it. So, let's talk about business lines of credit.

So, a business line of credit works very similar to any other type of line of

credit. And it is different than a credit card

or from a loan. So, when it comes to business credit,

let's first talk about business credit and then i will tell you the difference

between lines of credits, credit cards and some other types of

loans that you can get. But they are different and you'll have

to do different things with them. So, first when we're talking about business

credit, I need you to know the difference between business credit

and personal credit. So, with business credit, it is

looked at much differently than personal credit. With personal credit, you have

Transunion, Equifax and Experian and they will

report your normal debt. So, if you have a credit card, if you have a

cardinal, if you have a mortgage, if you have student loans,

those type of things will be reported on your personal credit report

and you will have a FICO score. And it goes up and down depending on how you

use your debt. But with the business credit and why

it's so much more amazing, is it's all in your business's name.

Essentially you create a business. You have an

LLC or an s corp and you have an EIN number.

And the credit profile is separate from your personal credit file. It's different.

It's your business's credit. And so you have three different bureaus.

You have Equifax business, you have Experian business and you have

Dun and Bradstreet. And so those are the 3 different

business credit bureaus. And they will report

only your business's trade lines. So, if you have a chase

business credit card for example or if you have an auto loan and you put it in

your business's name, it will not report on your personal

credit it will only report on the business credit report.

So, this is an amazing thing to do. And most business owners really neglect to

build their business credit properly. And this is probably why most businesses

fail. But you're not going to make that mistake. You're going to get all the

capital in your business's name and you're going to be successful just like

Noelle. So, let me get into that part. So, now that

we know that you can get trade lines, you can get credit cards, you can get loans,

you can get lines of credit. You can get all of those things

in your business's name the same way that you would on your personal credit.

Let me quickly tell you the difference between the 3. So, of course with the

business credit card, it works very similar to a regular credit card. You get

a card, you have a certain amount that you can use for cash or for cash

advances. But usually you will use that credit

card and make purchases. A business line of credit is much different. It is a

amount of money. For example, $50,000

and you can use it. And so if you use 20,000 then you have 30,000

still available. If you make a payment of 5,000,

now you have 35,000 available. Just giving you an example. So,

as you use the money, you have less on your line of credit

that you can use. But as you pay the money back,

that money becomes available to you again. So again,

this is powerful this is what you need to know for your business because

this is the key. This is going to unlock hundreds of thousands of dollars for

your business in the next 12 months if you listen to

what i'm telling you to do. So, here's what I'm saying.

Establish your business and try to get business lines of credit. Because

those replenish themselves, okay? You can easily get

10, 20, 30 thousand dollars from your business, okay? This is very easy to

do. They're giving this type of money to startups. If you're an established

business, been in business for more than 2 years,

you can probably get easily 50 or 100 thousand dollars in a line of

credit in your business's name. You can use it

make purchases as you start to make revenue in your

business. You pay that money off and it becomes available

for you again to use again. And I'm going to give you another

key. With business credit, it's very easy to get those limits increased.

So, as you make those payments on your business lines of credits

on your credit cards, on those loans, every 6 months, you can go back to

those lenders and ask for an increase. And so, long as you're making

your payments on time, you'll be surprised. They will say yes.

Because it's a different psychology between business credit

and personal credit. With business credit and business funds,

they want to give you money for your business. They want your business to be

successful and they want your business to grow. So, as long as you're able to

show that you can make those payments and you're making them on time,

they usually will give you more and more and more money to grow your business.

And this is how small businesses become big businesses. So now, let's talk about

real estate investing and how you're going to use these business lines of

credit to get real estate and make money with

real estate. So, before I get into that, let me quickly tell you what you're

going to do a little bit differently than what

regular people do. So, we talk about real estate, we're thinking about real

estate investing. This is where you will find people with

property problems. People that are behind on their mortgage payment. People that

are in bankruptcy, people that are in foreclosure. People that

got relocated. People that have a house basically that they cannot afford

or a home that needs repairs and they don't have the money to repair it.

Okay? These people literally will call you. You can market to them. You can send

letters. You can call them. You can put out signs.

And they will call you and they will let you know that they're having a property

problem. To get those properties, you usually only

have to be able to solve that issue. So, if they're behind on their mortgage

payments, you maybe have to catch those payments over

and take those payments over in order to get the home for them. And so, this is how

I've been able to get homes for 4 and 5 thousand dollars

because that's how many months they were behind on their mortgage and then I

and then i took over the mortgage payments and i had a rental property for

just a few thousand dollars. And the amazing part where this became

incredible for me and where I started making

so much more money than I was making before is by leveraging my business

credit. Because I had all of this money in my

business lines of.. In these business lines of credit.

In fact, I have a million dollars in business lines of credit. I'm able to

acquire properties easily, very easily. Like I

have all the money that I need. If someone's behind on their payment, I can

quickly write them a deal. I can quickly get them

you know that mortgage called out get them out of that property. I can quickly

make deals with people. I have earnest money that I can give to people.

And again, none of this money is mine. It's all in my business's name

and I use it to acquire income-producing properties.

So, once you kind of marry business credit and business funds and these

lines of credit and you marry it with property problems

and targeting people that are having an issue in financial distress with a

property, you have a formula to make a ton of money

and this is what we do and this is how you'll make a ton of money. Just start to

think like a real estate investor and go after those business lines of

credit because there's tons of money out there available for you

especially if you are a woman-owned business, a minority-owned business or a

veteran-owned business. There's literally billions of dollars

untapped at many of these banks --Bank of America, Wells Fargo, Lots of Credit

Unions, Axion. I'll give you a whole list of them

of people needing to lend money. Literally needing to lend the money, okay?

By law, they have to. They're not even getting enough people applying for these

funds. So, this is the time, guys. This is the time

to go after that money. Get that money for your business. Start

investing in real estate and change your life.

Okay. So, hopefully you enjoyed all this great information, you completely

understand with those business lines of credit. You can use it for marketing, to

find people. You can use it to send letters. You can use it to buy properties.

You can use it to take over the payments for people's properties.

There's a ton of different things that you can do once you start getting these

business lines of credit. And they're very easy to do once you get

your business established and you get a business checking account. Those are the

two things that you need to do if you want more information and you

want to be able to do all of this, I've created a

completely free course at noellesfreetraining.com.

That's noellesfreetraining.com. It'll give you my exact formula for

investing in real estate making big profits without

losing money. This is Noelle. To your success.