Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Teron S.
  • Manchester, NH
4
Votes |
21
Posts

Stuck and trying to get unstuck

Teron S.
  • Manchester, NH
Posted

Hello BP Nation,

I have a weird question I'm hoping to get answered. So I am closing on my first property which is a fha owner finance triplex this august which is great to me but going on this pace with only a 3.5 down payment will only get me so far on hitting my goal which is to retire me and my wife in 7 years with passive income of 7 thousand a month. I know that my only way to reach that goal is to buy and hold and find ways to do creative finance. I have look up different way and one that caught my attention is business credit card to obtain property. How can I obtain business credit card without no business. I was thinking making my self a sole proprietor while I have nothing much to lose gain a few business credit card to build my business credit up then convert to a LLC. Will this work and are there other/better ways to gain more property under my belt with creative finance. I have no family to gain loan from nor do i have friends with high credit score or money. 

Loading replies...