Never use your own cash to buy real estate - the secret to buying real estate using a new business
line of credit. Here is the secret about using credit instead of cash that will change your life.
In the next two minutes your going to learn something about how to use new business credit
that most folks will never know. Business credit has been called the most
profitable loophole in the credit reporting system.
Interested in finding out how to get $200,000 worth of it in only 6 weeks? Here is how the loop hole works.
Everyone knows that if you get a loan or credit card in your personal name, that activity gets
reported to the 3 major credit bureaus.
1. Experian
2. Transunion
3. Equifax
And this money you borrow shows up on your
personal credit report. The more money you owe on your personal credit
report, the lower your credit score will be. If you owe to much money on
your credit report, you will have such a low credit score that you will have terrible credit.
You have not done anything wrong. You have not missed a payment. You simply have a lot of debt
showing up under your personal name and social security number. But that is all it takes to ruin
your credit score.
And less than perfect credit will hurt you in so many ways. Did you know that you pay more for
insurance, home loans and credit card interest if you have terrible credit?
So, imagine if you are trying to be a real estate investor. What will happen to your credit score
if you buy one or two houses and that activity gets reported on your personal credit report? You
will quickly realize that you need to find a better way to invest in real estate.
But - pay attention now - there is a way to get hundreds of thousands of dollars
that NEVER gets reported on your personal credit report. And here it is...
STOP using your personal name to get money and start using a BUSINESS name!
The loop hole in the credit reporting system states that when you get money in the name of a
business - even if it is a brand new business name you just created - that activity will not be
reported on your personal credit report. It will be reported under the name of the business!
So when you get a business line of credit or business credit card In The Name Of a New
Business, it will never appear on your personal credit report.
When you understand how to get new business lines of credit you can get large amounts of cash from
the banks that I work with everyday without having that activity get reported on your
personal credit report.
This is the way you can get lots of money for real estate investing without hurting your personal
credit. You can then use these business lines of credit to do any kind of real estate deals you find, and
the real estate you purchase with business credit will remain confidential. And you can start a business on paper for less
than $40 in most states. Just pick out a cool name for your new business and submit it on-line.
Remember that no matter how much cash you take out in the name of your business, your personal credit
score never drops and you have tremendous privacy. You can learn exactly how to do this when you use
my Ultimate Real Estate Investor's Guide - how to create wealth without using your own cash. I will
even give you a list of the 10 national banks that will give you the money and I will tell you
how to contact them at my website.
Go look at my fully refundable real estate investing system with all these secrets at:
http://shurl.org/cashflow
(Then enter your name and email and select get ebooks now)
What can you do when you use my trademarked
real estate investing system? You can get up to $200,000 in cash advances from
UNSECURED new business lines of credit. That means you never need to put up any collateral to
get this money if you follow my system. And the money you get in the name of a new
business can be used for some many things.
1. Buy property for all cash.
2. Put the down payment on a piece of real
estate.
3. Rehab a property.
4. Pay cash finders fees to get control of a
property.
5. Spend money to advertise and market to
motivated sellers.
6. Pay all your monthly expenses on any house you
own while you wait to sell it. Use business
credit to pay the utilities, monthly property
payments and even the kid that cuts the grass
while you wait to sell the house for a big
profit.
This is the best way most people have ever seen to get cash to buy real estate. Because, in
effect, the money is invisible. Pretty amazing, stuff. But just the tip of the
iceberg on what you will learn when you start using this system at
http://shurl.org/cashflow
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Here are some common myths about what effects your personal credit score -
Credit Myth #1 :
Checking your own credit can lower your credit score. This is probably one of
the most common credit myths out there. When you or someone else accesses your credit file, it is
referred to as an inquiry. Your own requests for your credit report, promotional inquiries by
credit card companies, and "checkup" inquiries by your existing creditors do
not affect your credit rating. An inquiry made by a lender in order to evaluate your loan or credit
application may lower your credit rating, however.
Credit Myth #2:
You have one credit score. This is another myth that can be confusing for consumers.
There are many types of credit scores-including those developed by the each of the three major
credit reporting companies. These scores can vary, because sometimes the information in your
credit history varies from one company to another. So it is wise to
check your scores first before applying for a loan. The FICO? credit score developed by Fair
Isaac Corporation is the credit score used most by lenders. It is unique to each individual and
takes into account such factors as the length of your credit history, your debt-to-credit ratio
and payment history.
Credit Myth #3:
The higher your salary, the higher your score. Not true. In fact, your earnings and
net worth are not reported to any credit reporting company. Your score is based largely
upon the amount of debt you have in your personal name and your payment history. The less debt you
carry in your personal name, the likelier it is that you'll maintain a high personal credit
score.
Credit Myth #4:
Paying off debt will immediately increase your credit score. This is something
many consumers have difficulty understanding. While paying down debt is likely to have a
positive impact on your credit score, it won't change your score overnight. Creditors report
their customers' payment information to credit reporting companies on a periodic basis, so it
may take some time before payments you've made are reflected in your credit score.
Credit Myth #5:
If you cancel most of your credit cards and cut them up and your credit score will
go up. THIS IS DEAD WRONG. If you voluntarily reduce the credit that is offered to you by
closing accounts you will likely HURT your credit score. You score is partially based on HOW MUCH
credit you have. So do not reduce the credit limits or accounts you currently have.
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For more great information that you can really make money with ...
Listen to a replay of our real estate investing training call.
You can call the replay line 24/7 at:(641) 985-0500 Use Participant Code: 85846283 # (ULTIMATE)#
