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Updated almost 2 years ago,
Using Business Credit to Fund Real Estate
Good morning Guys-
I am seasoned and was looking for feedback on if I was/am perhaps looking at this wrong. Lately I have seen an influx of business credit for real estate videos popping up on youtube. These videos are claiming 50K-200K unsecured in business credit cards and it doesn't report to your personal credit. I am kinda shocked and calling BS on these videos.
My experience was that in my early on career I amassed a number of business credit cards, secured a property with it and then couldn't refi the property because my score dropped due to maxing out these cards. Yes It got me started, but what a horrible way to enter the game. Anyways I imagine these cards could benefit flips or double closings.. Anything short-term, but buy and holds Yikes. Has anyone perfected a process in perhaps making this work? Am I not seeing something here?