All Forum Posts by: Saul G.

@Saul G.  good questions.  as I don't need to use credit cards for my business ventures it does not come into my equation I use them to build up Points so I can take fabulous vacations for free .. that's what credit cards are to me personally   :)  good luck with it all.

hate to see someone go out and ring up 6 figures in credit card debt then buy a bummer and be stuck with the debt they can never repay... seems risky. But then again many small business are started on Cards.. so I have no problem with it personally for others .. as long as they understand the risk..

Its no differernt in my mind than paying 40k for a guru course only to figure out your not cut out for real estate and never really do any deals... here you can go into massive credit card debt only to find out RE is not all that its cracked up to be

@Joe Harris  once you pull all your cash out of your credit cards your fico will go down to the low 600's

You can't, it's not the same as a bank line of credit you're referencing. 

 Hey David! Appreciate the confidence, sorry for the delay responding again. :-( It is what certainly people have said it is...unsecured credit by way of credit cards from major banks. Tammy Parsons did a pretty exhaustive explanation of what the program is a few comments up. 

The power behind using this service vs. doing it yourself (which you certainly could) is that there's definitely an art to applying in the right way to maximize the amount of credit you can get. If the average consumer applied for credit, they'd start getting denied after 3-4 inquiries. There's a strategic approach to apply for the right programs from the right banks in the right order that allows us to get more credit than a consumer could on their own. Is the difference worth the fee? That's for everyone to decide on their own...although you'll certainly hear the negative opinions the most on public forums like this. 

I am a client, as well, and was able to acquire $120K in credit that was then liquidated to cash, and the overall fee as a percentage was much lower than I could have gotten elsewhere. We were able to use the funds to run our business for 6 months, not just to acquire properties like traditional hard money loans/private funds (flexible).

As far as other BP members who are clients...we don't crosscheck them, and we also can't divulge who our clients are publicly, so I wouldn't be able to tell you. You can see a few of them have spoken up for themselves...not nearly as many as the people who have negative assumptions and tell everyone to run away without actually knowing anything about what the program actually is.

It's a tough industry to trust, we understand that. I'm glad to chat privately if you have further questions or concerns. We are not a scam, we are not sharks, we are not trying to steal your identity. It's just another funding program that requires a personal guarantor, vs. collateralizing your house or investment portfolio. It's certainly not for everyone, but is certainly a very viable option if you are already a responsible investor and have ways to use additional funds. :-)