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I know of plenty of people who have purchased real estate under an entity. However, even with the best business credit you'll have to PG
Yes you can. With a PG, you can get up to $150k 0% interest business credit cards. Then depending on your exit strategy, you can sell the property or refinance and pay the debt back. Then its rinse and repeat. Or you can obtain corporate credit without a PG such as the Sams Club Mastercard. The only thing is that it doesnt come with a 0% interest promo.
Hey All..
What's a PG...?
@Anonymous wrote:
What's a PG...?
While you're at it: BC & CS?
@Anonymous wrote:
@Anonymous wrote:
What's a PG...? Personal Guarantee
While you're at it: BC & CS? I dont know what he is referring to with CS. BC is Business Credit.
I apologize for the response time. Any idea how they remove 150K from the credit card?
@Anonymous wrote:Yes you can. With a PG, you can get up to $150k 0% interest business credit cards. Then depending on your exit strategy, you can sell the property or refinance and pay the debt back. Then its rinse and repeat. Or you can obtain corporate credit without a PG such as the Sams Club Mastercard. The only thing is that it doesnt come with a 0% interest promo.
Umm, you need a certified check or wire at closing. That means, cash advance from a CC to do that. Sorry a swipe machine doesn’t work at closings. Title company’s require cash.
Ummmmm it’s actually pretty simple. I only apply for business credit that come with balance transfer checks. Write a check to yourself, deposit the check into your personal or business checking account, THEN go to closing with the cash you need to close. Only cost 2-3%. Who the heck uses swipe machines at closing? Hope you learned something today.