#007: How To Get $250k at 0% Interest! Must Know Credit Hack For Investors!
Visit mavdon.com/fundandgrow to learn more! One of the biggest challenges in real estate, especially starting out, is getting access to capital. Not just for purchasing rea estate deals, but also to expand your business and pay operational expenses along the journey to becoming a full time real estate investor. They say that if you find good deals, the investor money will follow… For us, we’ve found it typically requires a little more effort than that. Of course the goal is to always get some form of financing on your real estate assets, whether that's bank financing or seller financing. But you will still have down payments and capex to consider. Cash is king in real estate investing, and getting access to it simply requires putting in the effort. You can either use your own capital, borrow from friends and family, or borrow from investors and lenders. These are all great options, however, they come with a higher barrier to entry when starting out and diminish some of your control and ownership. In 2019, we discovered a unique lending service that allowed for us to access to a $250k line of credit at 0% interest. We used those funds to purchase our first 3 cash flowing real estate projects (mobile home parks) Fund & Grow allows you to access low interest lines of business credit that can be used for anything. In our case, real estate investing. Fund and Grow’s award winning credit-card-stacking program has helped business owners access over $1.2 billion.
At that time, between myself and my business partner, we didn’t have the greatest credit and were overleveraged. Fortunately, 2 of our family members went through the program with us as co-signers. They had good credit & decent income. So if you don’t have great credit, don’t panic. There are ways to get creative (as long as you are willing to get resourceful). There is an initial signup fee of around $3,000 which honestly stretched us pretty thin at the time, as we had already invested so much into our business. But it was incredibly worth it in the end. Within 45 days, we had access to a $250k line of credit at 0% interest. The funds are incredibly easy to use for just about anything, because they come in the form of business credit cards from multiple banks. That’s how they are able to access the introductory rates of 0% interest for 6-18 months, by leveraging a method known as credit stacking. The program can be used for any real estate investor but is recommended for those who would be able to cover all credit card payments while they are utilized and ideally paying off all the cards by the time the introductory rates are up. You can also utilize a service called PLASTIQ to pull the funds directly from the CCs and send to escrow with only a 2.5% fee. Who is this service for? Those who need access to more capital and want to utilize 0% interest credit cards and build more banking relationships. Fund & Grow is an award winning lending program that utilizes “ credit card stacking” to help you obtain up to $250,000 in unsecured business lines of credit to: The funding doesn’t appear on your personal credit or require assets as collateral, and can be kept at a 0% interest rate long-term. Additionally, you won't give up equity in your business or deals, as you are in full control of the funding. This is why Unsecured Business Credit is one of the safest and simplest forms of capital available today. Business credit can be used to purchase real estate or other assets (and virtually anything required to scale your business). Access Up To $250,000 in Funding at 0% Interest. Low-Risk Capital For Investors and Entrepreneurs. WE are a success story of Fund & Grow!!! We bought our first 3 parks in 2019 using Fund & Grow!