Building Business Credit For Real Estate Investing

In this video, we’re going to talk about Building Busines Credit for Real Estate Investing! If you’re looking to invest in real estate through rental properties, fixing and flipping properties, or perhaps even investing in short term rental properties, business credit can certainly be a tool to help you fund acquisitions and projects. We brought back Maaj Capital’s Melvin Johnson to discuss what he is doing with business credit to further grow his real estate investing portfolio.

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Melvin Johnson, from Maaj Capital, is back to talk about using business credit for real estate investing. Specifically, we’re talking about business lines of credit. We briefly recap Melvin’s last video on how he was able to go from $0 to $2,500,000 in the business line of credit in just 9 Months! (Prequel Video: https://www.youtube.com/watch?v=k9C8FlzEtLE) Which now he has more buying power to go invest.

Here’s how Melvin is using his Business Credit to invest in real estate.

1. Fix and Flip
Melvin is using the business credit to cover the rehab cost of the fix and flip. Melvin shares about the concept of reimbursement which he can use business credit first and then get “reimbursed” by other forms of long term leverage/loan. That way, you never had to use your own cash out of pocket.

2. Liquidity
Having a business credit/business line of credit gives you quick liquidity to be able to make moves on a deal that require urgent action.

You also have to make sure that your business is set up properly. Please talk to an attorney about filing your corporation or an LLC along with the right partnership agreements.

If you’re going more so with the “Organic Business Credit” route, you’ll also need your:
1. EIN (Employer Identification Number)
2. DUNS Number (Dun and Bradstreet Number)

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The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investors! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)

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—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.