Business Credit to Fund Your Deals

[Edith Alvarado de Cortez]

Hi everyone!

I'm new to REI and eager to start out. I want to do fix & flips to begin building capital for a rental portfolio. I've been talking to hard money lenders and as a beginner I must give a 20% down payment but don't have the funds. Doing research I found about business credit and a company named Fund & Grow that helps people to obtain it.

Does anyone has funded their deals with business credit or worked with this company?

Thank you in advance and I look forward to any advice you could have for me.

Best regards!

[Spencer Cornelia]

@Edith Alvarado de Cortez one option is to buy a property in need of rehab using seller financing which would allow you to pay for the rehab using credit cards.  I would not advise using credit cards for a down payment.  It's unlikely a lender would lend on that scenario, but you're also setting yourself up with a lot of risk that may lead to ruin.