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Updated about 8 years ago on . Most recent reply
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Seed Capital experience
Hi everyone,
I was browsing the forum today and stumbled on someone's post recommending seedcapital.com and reading about their program is got me interested. Does anyone have any experience with them in establishing credit lines or anything? I was thinking that having some credit lines could help me in purchasing and rehabbing small properties quickly for "Cash" and using the BRRR strategy to pay the loans off.
I have excellent credit with good DTI. Currently I have a 30K unsecured credit line with my personal bank but need more to be able to fully find the rehab without hard money and such.
Most Popular Reply
@Igor Messano I am currently in their program and would recommend it. They are based out of NV and help people get the maximum amount of business and personal credit they can get. For $3500 they guarantee you at least $50k in credit if you can meet certain standards.
Recommend it for:
- If you have cash for the purchase and are looking for renovation money
- If you believe you might go over budget on a project and need backup money
- If you want to buy materials or pay contracts for a rehab
Not recommend it for:
- Buying a property in "cash" - you still have convert the credit to cash, which is possible but does have additional fees associated
- If you can't afford the program and want to get the credit to pay for the program and your deal
- If you are already over leveraged, have bad credit, or are taking substantial risks
Feel free to reach out to me directly if you have any other questions or I can help you in general. I invest primarily in the Greater Philadelphia area.