Success has receipts and I’ll be dropping a lot more of these, hopefully for investors in this group! (See photo) To be transparent , this client got denied originally so he had to lower his utilization (pay down some credit balances) and wait another 45 days before applying. If you know how to get approvals like this by any means go for it, but sometimes it helps to have guidance and support through your first round of funding. If anyone has any questions about the process or wants to be the next success story feel free to drop a comment or shoot me a message. Let’s grow together💪🏿

Also guys, I don’t know who else would want to take advantage of this, but obviously super powerful so I wanted to give a quick shoutout to @Chris Campbell and his team for helping me secure 113,000 in 0 % funding. I know we promised to bring you more credit knowledge but I wanted us to complete my funding first. We now are able to roll that into marketing to give us an ROI and get the benefits/rewards from the card as well If you guys would like the opportunity to get 50-100k+ in funding like this comment the word funding and Chris can reach out If you need any help with this or anything real estate related, let me know 🫡

Introduce yourself here by answering these questions: 1) What are your main Real Estate goals for the next 12 months ? 2) How long have you been Wholesaling? If you’re new, write new to wholesaling. 3) One fun fact about yourself We have a lot of new faces so let’s reset the room and get to know one another. Let’s gooo!

In a previous posts I mentioned the main bank products I like to focus on are 0% credit cards, lines of credit and loans when it comes to business funding. Below are the qualifications: 90% of the time each requires having good personal credit. Credit cards - Good personal credit (680+) - Business entity (you can apply as a sole proprietor if you don’t have one) Lines of Credit - Everything in credit cards - 2 years in business (some banks like TD have LOC for newer businesses) Loans - everything in lines of credit - Sometimes they require bank statements, tax returns, P&L etc Since lines of credit and loans usually require time in business, credit cards are the best option for new businesses and entrepreneurs💯

Simply put business funding is getting capital for your business. I like to break it down into 3 main categories: 💳1- Credit cards 💰2- Lines of Credit 🏦3- Loans My preference is 0% interest credit cards specifically because of the 0% interest period and points some cards offer, for spending you're going to do anyway, but credit isn’t one size fits all. So, over the next week I’ll be diving deeper into the requirements and the different ways to get access to each type of business funding option so you can accelerate the growth in your real estate business🏘️ Feel free to drop any business credit questions you have in the comments!