All Forum Posts by: Account Closed

“Too many inquiries “ is a default excuse for a denial, not a reason

 I’ll tell you again.....no PG is NEVER going to happen !!

 I’m talking in general about business cards, I don’t have any experience with this company

Nobody gets cards without PG, that’s nobody this side of multi millionaires, I don’t care who tells you different....it’s not going to happen

Duns and net 30 is easy to do yourself, I did ! 

All this talk on here about using other people’s money and creative financing and clever tactics....and when I comes to it you’re scared of a plastic card ??

There is no cheaper borrowing than 0%......business cards offer that, often for a year or more, here in the UK we get 2/3 year offers at 0%

And before anyone mentions the 3% fee, the sign on bonus will cover that too....and if you know how to do transfers with a mule card, you can cut the fee right down

Your FICo will go down slightly due to inquiries, it will not go down by 100....

Apart from the initial inquiry, BUSINESS credit cards (*) do not report to your personal credit, hence their attractiveness 

If a deal won’t stand the 3% fee, and be completed within the 12 months promotional period, the deal probably isn’t worth doing !

* Capital One & Discover cards DO report to personal credit 

These companies have access to lesser known banks beyond the high street obvious card providers, and how best to apply to them, as in your business profile, that’s what you are paying for.

@Rio Peterson

If you feel you have to ask the question, you already know the answer......

How much maintenance deposit do they require for each property ?

This figure should be added to the cost of the property when it comes to calculations, as it is gone for as long as you employ the PM , which presumably is until you sell the property

@Jason Nazinitsky

Any business card other than Capital One or Discover, as they report to your personal credit file !

If using property management, ensure ALL the rental income is paid to you , not minus their fee, you want to pay that separately as you do any other expense

The rental income belongs to you, it’s yours to use how you wish to allocate any payments

It may only be $100, but if financing numbers are tight, and you have 10 properties, it’s $12k a year “more” rental income turnover

Banks love turnover, the higher the better, they do not know if you made a profit, moreover, they do not care !!, they have your money !