Comments on: Business Lines of Credit http://www.realestatetrainingacademy.com/business-lines-of-credit/ Real Estate Investing Strategies and Real Estate Investing Advice for New Investors Looking to Get Into Property Investing. The Industry Leader Teaching People How to Invest I n Real Estate. Tue, 04 May 2010 02:33:45 +0000 hourly 1 http://wordpress.org/?v=3.0 By: BUSINESS LOANS » Five Reasons to Open a Business Credit Line | Banking & Finance http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-103 BUSINESS LOANS » Five Reasons to Open a Business Credit Line | Banking & Finance Mon, 16 Feb 2009 10:08:38 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-103 [...] Business Lines of Credit : Real Estate Training AcademyA simply strategy for getting business lines of credit At least several times per week, I get asked about how to get business lines of credit ESPECIALLY since the lenders are [...] [...] Business Lines of Credit : Real Estate Training AcademyA simply strategy for getting business lines of credit At least several times per week, I get asked about how to get business lines of credit ESPECIALLY since the lenders are [...]

]]> By: Staten Island real estate http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-102 Staten Island real estate Wed, 19 Nov 2008 03:30:30 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-102 One sure way to start receiving multiple credit card applications is to subscribe to any business magazine, like Fortune, with your biz name. One sure way to start receiving multiple credit card applications is to subscribe to any business magazine, like Fortune, with your biz name.

]]> By: Dee http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-101 Dee Tue, 26 Aug 2008 20:53:31 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-101 I am new at this, does anybody know of any private lenders who I can partner up with? I need somebody to buy the properties, then split the sale fee from the buyer/flipper. I am new at this, does anybody know of any private lenders

who I can partner up with? I need somebody to buy the

properties, then split the sale fee from the

buyer/flipper.

]]> By: halison http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-100 halison Fri, 11 Apr 2008 03:33:30 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-100 Heather i followed your examples and they worked like a charm. I accrued over 200k in my business name. heather yu once had an acquaintance who specialized in credit repair, i cant for the life of me find her referral on your site... what happened to her and is she still in the credit repair business. i would like to use her services. i am not talking about donna, i bought her system two years ago. best regards Heather i followed your examples and they worked like a charm. I accrued over 200k in my business name.
heather yu once had an acquaintance who specialized in credit repair, i cant for the life of me find her referral on your site… what happened to her and is she still in the credit repair business. i would like to use her services. i am not talking about donna, i bought her system two years ago.

best regards

]]> By: T http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-99 T Wed, 26 Mar 2008 15:10:35 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-99 Hello. Thanks for the iformation. I am in the process of getting my credit straightenend out, I have a question.....does it matter how long your company has been in existence? I know some lenders would like to see 2+ years seasoning, but i have also heard some people say it does not matter the lenght of time. Please advise. Thanks T Hello.

Thanks for the iformation. I am in the process of getting my credit straightenend out, I have a question…..does it matter how long your company has been in existence? I know some lenders would like to see 2+ years seasoning, but i have also heard some people say it does not matter the lenght of time. Please advise.

Thanks
T

]]> By: mark http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-98 mark Sat, 15 Mar 2008 00:15:18 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-98 Are these credit card applications comming in the mail? Or are they being filled online? Its been 2 months since I file my LLC papers and the only one to send me an application was Capitol one. Are these credit card applications comming in the mail? Or are they being filled online? Its been 2 months since I file my LLC papers and the only one to send me an application was Capitol one.

]]> By: Christie Seymour http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-97 Christie Seymour Fri, 14 Mar 2008 12:36:54 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-97 I've read and have some business credit in my corp with a credit partner as the garantor because I did have bad credit. I used these lines of credit to boost my personal credit up. It is now at 720 but I still have a BK on my credit report. It is 7 years old. Should I try now with my own name for these business lines of credit? I’ve read and have some business credit in my corp with a credit partner as the garantor because I did have bad credit. I used these lines of credit to boost my personal credit up. It is now at 720 but I still have a BK on my credit report. It is 7 years old. Should I try now with my own name for these business lines of credit?

]]> By: Justin Friedle http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-96 Justin Friedle Fri, 14 Mar 2008 12:34:22 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-96 Yes- it works. i would like to stress the importance of doing it in one day. Lenders SEE the pulls of others and will consider this within their approval process. REgarding lowering rates and increasing lines. I would do the same time of Run. for example- if you pay down a card(s) to zero, contact them and request a lower rate or increase in credit amount, my experience is i would usually obtain one or the other 95% of the time. Yes- it works.

i would like to stress the importance of doing it in one day. Lenders SEE the pulls of others and will consider this within their approval process.

REgarding lowering rates and increasing lines. I would do the same time of Run. for example- if you pay down a card(s) to zero, contact them and request a lower rate or increase in credit amount, my experience is i would usually obtain one or the other 95% of the time.

]]> By: Vinh Tien http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-95 Vinh Tien Fri, 14 Mar 2008 07:33:02 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-95 Yes, get your credit card in your business name. Note, you must not use names with "investment, construction, real estate, realty,..buy houses, etc...you get the drift". REASON: We're in a bank/mortgage recession and guess who gets the blame...real estate businesses, from loan officers to banks to construction to rei. I can't blame them, while most investors try to do the right way, there groups of flashy millionaire-behind-bars-by-night that are unethical and caused major turmoil in the rei industry. Back to Credit, once the credit card is in your business name, it will only report against your newly create business credit account Duns; and not report on your personal credit. Start yourself a corporation with non-Real Estate name business and not categorize your business as real estate. Use it as your Holding company. Remember, it's only a business name not a reflection of you, No attachments. If you do not have a 680 or above, fix your credit or use a credit partner. Yes, get your credit card in your business name. Note, you must not use names with “investment, construction, real estate, realty,..buy houses, etc…you get the drift”.

REASON: We’re in a bank/mortgage recession and guess who gets the blame…real estate businesses, from loan officers to banks to construction to rei. I can’t blame them, while most investors try to do the right way, there groups of flashy millionaire-behind-bars-by-night that are unethical and caused major turmoil in the rei industry.

Back to Credit, once the credit card is in your business name, it will only report against your newly create business credit account Duns; and not report on your personal credit.

Start yourself a corporation with non-Real Estate name business and not categorize your business as real estate. Use it as your Holding company. Remember, it’s only a business name not a reflection of you, No attachments. If you do not have a 680 or above, fix your credit or use a credit partner.

]]> By: Cheryl Stahl http://www.realestatetrainingacademy.com/business-lines-of-credit/#comment-94 Cheryl Stahl Fri, 14 Mar 2008 04:52:04 +0000 http://realestatetrainingacademy.com/business-lines-of-credit/#comment-94 Heather, So, are you saying I should get credit my business name and for now it would be my "cleaning" service? Should cards be put into the business name too? Am Ex just lowered my credit line because of the bad reports they got from credit company's AND my chase home equity loan shut that down. Very discouraging I have a perfect property I want to offer on AND I WILL FIND A WAY thinking about someone as an equity investor with me any ideas on that? I listened to your friend when she was on your Webinar one night and she was great I will take time to listen again. Thanks for your help on this hopefully I won't have to wait a year before I buy a property. According to Mike Collins you don't need ANY money to buy whole sale. Cheryl Heather, So, are you saying I should get credit my business name and for now it would be my “cleaning” service? Should cards be put into the business name too? Am Ex just lowered my credit line because of the bad reports they got from credit company’s AND my chase home equity loan shut that down. Very discouraging I have a perfect property I want to offer on AND I WILL FIND A WAY thinking about someone as an equity investor with me any ideas on that? I listened to your friend when she was on your Webinar one night and she was great I will take time to listen again.

Thanks for your help on this hopefully I won’t have to wait a year before I buy a property. According to Mike Collins you don’t need ANY money to buy whole sale.

Cheryl

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