Business Credit for Flipping Business

[James H.]

There is a gentleman named Russ Lebrasc who is selling a 10 module course for about $300.00 that is supposed to teach you how to get business financing to flip houses. The short of the long, from what I gather from his web video ad, is that it is relatively easy getting up to $50,000 in unsecured credit for business financing. He even goes so far as to show you the link right there on Capital One’s website indicating credit card limits up to this amount granted and requiring no documentation. I went to the Capital One’s website and sure enough, there it is. This is not exclusive to Capital One, but that is the bank he uses as an example.

The apparent challenge to getting business credit rather than investor credit is to present yourself as a small business and not as an investor. The insinuation of the web ad is that he will teach you the right way to present your flipping business to the bank so that they will see you as a business and not an investor.

So, my question is, have any of you guys with LLC's had success in getting small business financing rather than investor loans for your flipping business. If you did, how did you present your business to the bank? Likewise, if you tried and were denied, what was the bank's reason for denial?

Basically, I am asking if anyone here on BP is willing to share for free what can be bought for $300.00. The link to the video is below. I apologize in advance if I can’t make it clickable:

http://www.*****************/blog/2011/a-unique-source-to-get-cheap-money-for-your-deals/

I guess the website is censored. It is from [REMOVED]. If I am not supposed to share this info on the forum, I apologize in adcance.