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Updated over 5 years ago on . Most recent reply
Churning, Manufactured Spending, and Commercial Refinance?
I've been opening a lot of credit cards this past year (for the sign up bonuses) and also manufacturing spending (significant creative spending on cards that I then pay off in full). Wondering if anyone here has managed a commercial refinance while engaged in similar behavior? I'm documenting all of the related transactions and am fully prepared to explain my behavior.
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Ronald Rohde
#3 Commercial Real Estate Investing Contributor
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Are the manuf spend accounts your primary business checking account? Thats the only problem. Otherwise show them a clean revenue, expense account.