Investment Mortgage Guy

In this tough economy, getting credit for a small business or a new rental property is getting harder and harder. Most banks have put a complete halt on new business credit lines. Worse yet, some banks have decreased the amount of their credit limits or cut the credit lines that they have with their current customers completely. We have an easy solution.

Our average client can obtain at least $50,000 and up to $100,000 of credit for their business or rental portfolio. Our strategy involves grouping together several business credit cards with limits ranging from $5,000 to $20,000 and transferring the balances to a line of credit the business owner already has available. Most credit cards have a special provision in them as an incentive to take your debt from another source and transfer it to them at a low introductory rate.  It’s a simple trick, but these few steps save a ton of interest over taking cash directly out of these cards and paying the high cash advance rates. Even better, our sources don’t report to the credit bureau on your personal credit report!

We can obtain this credit for our clients in less than 30 days. There are three main requirements that you will need to meet to qualify for this program:

1) 680 credit score.

2) An LLC or other business entity formed.

3) A true business phone number set up. (We can help you with this for about $15 per month.)

Believe it or not, our sources do not require income information to qualify.  The cost for this service is 6.99% of the amount of credit we get for you and the average rate on the cards is 10%.

This is a great way to create a cushion for yourself if your a new small business owner without a solid income history yet or a new landlord that is trying to come up with a quick down payment or cash flow to make repairs.

For more information, Give me a call at 952-808-2820.

Rob Bonahoom

Mortgage Coach