Using Business Credit to Invest in Real-Estate For Beginners | DaJuan Marshall | Skillshare

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Using Business Credit to Invest in Real-Estate For Beginners

teacher avatar DaJuan Marshall

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Taught by industry leaders & working professionals
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Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

9 Lessons (52m)
    • 1. Course Promo Video

      1:28
    • 2. Course Overview & Agenda

      3:24
    • 3. What is Business & Corporate Credit?

      4:43
    • 4. Personal Credit Qualifications

      6:28
    • 5. Steps To Business Credit

      6:03
    • 6. Converting Credit Into Cash

      13:14
    • 7. Purchasing Real Estate

      6:32
    • 8. Frequently Asked Questions

      7:07
    • 9. Course Conclusion

      2:55
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About This Class

Are you ready to learn how to obtain business credit, and then use that money effectively to invest in your own business? If so, then this course is for you!

Or maybe you just want to learn and enhance your knowledge and understanding regarding the process of converting business lines of credit into cash and purchasing Real-Estate thereof?

Welcome to Using Business Credit to Invest in Real-Estate course

Among several alternatives out there regarding investments, there is no investment better than investing in real assets that gain value over time. Real-estate has made people millionaires within a short period of time. This course teaches you various strategies and techniques in obtaining business credit without hampering your personal credit, then the courses dives into converting that credit into cash by means of various effective strategies. Finally, using that cash effectively and investing into Real-Estate.

We have designed the course especially for beginners who are either first time home investors of are thinking of investing in Real-Estate. I will demonstrate in this course how you can easily by means of a step by step process obtain various credit lines, and then use that cash for further investment.

See what our students say “It is such a comprehensive course that I don’t need to take any other course but this one to learn all the skills to become an investor in real estate. and I would without a doubt recommend it to anyone looking for a complete course on obtaining credit, converting credit into cash and becoming a real estate investor” - Matthew Johnson

Join thousands of other students and share valuable experience and insights!

Get started today and join thousands of our happy students, many of whom have successfully benefited from this Business Credit to Invest in Real-Estate course.

Enroll now in Business Credit to Invest in Real-Estate course today and revolutionize your learning. Start with scratch and learn the fundamentals. Jump right in and take an in-depth look into the opening up credit lines, converting credit into cash easily, and subsequently invest in Rehab homes remodeling them and selling them at a much higher price!

See you in class!

DVI GLOBAL LLC

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Business Finance

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Transcripts

1. Course Promo Video: many times we would like to invest in certain businesses or obtain financial freedom, but we really do not know where to start. Welcome to this course on using business credit to invest in real state. My name is science, not behalf up DVD Global LoC. I'll get instructor for this course. Let me talk about briefly the course agenda in this course, which is designed to point in the right direction towards getting business credit, converting credit into cash and then ultimately investing in real estate. So, in essence, we are going to cover three core aspect or objectives in this particular course, which is how to obtain business credit on DVR. Global is gonna walk you through how to convert your credit into cash and then using that cash to invest in the real estate business, lose his course for Well, this course is designed for complete beginners. So if you're new to the real estate industry or new to investments, this will give you put a bit of strategies to work with, especially in obtaining business credit, working with DVR global, where we will provide you with different strategies, processes and help you obtain that business credit So if you're looking for financial freedom, this is the perfect course for you. So what are you waiting for on all in this course now And I will see you in class. 2. Course Overview & Agenda: welcome to this course on using business credit to invest in real estate. My name is science, and on behalf of Devi at Global, I welcome you to this course. Let's talk about the overview of the course of the number briefly discussed the course agenda. Here's the course overview. So this course is specifically designed to point you in the right direction towards three things. First, getting business credit. How does that work? Why do we need it on what is the benefit of getting business credit? Second is converting credit into cash. So once you obtain that business credit, what do you do with it? How does that work? And third important one is the ultimately investing in real estate. So the entire agenda, the overview of this course, the structure is starting with getting business credit, converting it into cash and then ultimately investing in real estate. Let's take a look at a little bit more detailed course agenda, so we'll start off by talking about what is business and corporate credit. In other words, the basic differences between the two. Then we'll get into personal credit qualifications, subsequently diving into the 15 steps to business credit and then converting credit to cash some important disclosures that I'll be talking about and also discussing various methodologies in how to convert credit to cash. Then we'll actually dive in the meat part of the course, which is converting credit to cash, and we'll take a look at several ways, such as vanilla balanced transfer request BT tracks, cash advance to BT strategy, the balance transfer to line of credit or the equity line of credit account over paying on the credit card, personal open check style credit line. And these are all again methodologies of converting credit to cash. And I'm gonna walk you through each one of these and the most beneficial to your own specific requirements. Other methodologies that I'm gonna cover our PayPal into a merchant account square up. And then finally the real estate investor or the we have our special. Towards the end of the course, I'm gonna talk about purchasing Will state, which is again once you convert that credit into cash and now you have cash in your hands. What do we do with it? Well, we invest in real state. Okay, that's the best way to actually get your hands into real property or real assets. I also cover at the end the frequently asked questions, and then finally, the composure. So our goal at D. V I global is to walk you through these steps and ensure that how you get the business credit lines. What do you do with that cash? Once you get it, different methodologies, right processes and strategies and then finally purchasing will state or investing in real estate. So in this short course, the entire objective is to provide you the ability to gain that freedom or the financial freedom, or specifically. So I hope this helps unless moved to our first lesson. 3. What is Business & Corporate Credit?: Welcome back. Moving forward in this lesson. I'm gonna talk about core concept and the differences between business and corporate credit . First, just what business credit is, and then I'm gonna talk about corporate credit. The business credit think of this is as separate from your personal credit report or personal credit, so it's not tired to your personal credit. In other words, if you are running a business or if you have a company and that company obtains a credit card or other loans, for instance, that would be considered as a business credit. The soft inquiry on personal credit is conducted when someone wants to check your credit score. So even if you have, let's say some type of business credit in May or the financial institution, for example, may wish to actually take a look at your personal credit just to make sure that your credit score is adequate. The business credit, like I mentioned earlier, comes in form of business credit cards and fairly straightforward and pretty common, and this can be used for anything, right? So you're not limited to using your business credit cards to something buying personal, for instance, right you could buy anything that you wish to buy from your business credit cards. So, as mentioned earlier, you can use your business credit anywhere you like. And the good part is that it does not affect your personal credit rating, right, So there's no reporting to personal credit, since it's not tied to your personal credit. It's a separate entity, so sweet you can also increase limits every 3 to 6 months. So as you progress with your business credit lines, for example, or your business credit card, the limits can be increased. So initially it could be $1000. For instance, as you progress forward in the next three months, it could increase to $5000 to $10,000 so on. And it is important to note that that new businesses can call a 54 up to $250,000. And the reason why is because new businesses air considered 0 to 3 years old. In other words, they have yet to establish their credit history so you can get business credit for newly established companies. For instance, if your company's older than three years, then the company can call it five for up to $500,000 in business credit rates of your company's old enough and you don't have any delinquent payments or bounced checks, for instance. In other words, you have adequate good credit, right? You can go up to almost half a $1,000,000. So this is really what business credit is all about. Next, let's take a look at corporate credit. The corporate credit is available course through credit cards, lines of credit, bank loans or trade credits. So this is sort of like an extension of business credit, right to give you MAWR power credit cards, Lines of credit and bank loans are available through various banks and financial institutions, like in your local area or any where else trade credit is a little different. Unique is when established or incorporated businesses create lines of credit for other established businesses. So think of this is as let's see of a company and you wish to obtain it. Trade credit, in other words, money for your business so the bank or the financial institution would extend you lines of credit. What that means is, they would say, for instance, we give you $10,000 worth of line of credit that you can actually use for any of your other businesses, so that essentially, is corporate credit. So the basic difference right? And that's important to understand and know the core difference between business credit and corporate credit. So, just to recap, the core difference between business and corporate credit is that business credit is backed up by your own personal credit profile or the client's personal credit profile. And that can take up to 2 to 4 weeks to establish as we talked about. Whereas corporate credit, on the other hand, is not backed up by your personal credit, Rather is backed up by the company's credit profile, which can take months or years to establish, as we talked about. It could take about between zero and three years to establish, or longer. So I just want to recap the core differences between business and corporate credit. So I hope this helps. Let's move to the next lesson 4. Personal Credit Qualifications: Welcome back. Moving forward in this lesson. I'm gonna talk about what is personal credit qualification. In other words, what constitutes a credit score? And I'm also demonstrating. Take a look at just some sample credit reports. So here are the personal credit qualifications. So I'm gonna walk you through one by one. So you understand exactly what each of this really means. So first we need a score off 700. Okay, so this is the benchmark that lenders used to gauge where you are in terms of your credit scores, or how good is your credit, or how bad is your credit? Or is it adequate and so on? So the score of 700 above is generally typically considered as good credit, and scores lower than 700 is considered adequate or little credit. And of course, there are various factors and benchmarks that lenders use, such as Have you missed any payments in the last year or so? Or have you defaulted? And so on Second is a 30% debt to credit ratio. So a good personal credit qualification or a good school rather or what lenders look at is your debt equity ratio. Well, this simply means is how much debt you have in total versus your actual equity or credit, and that ratio determines where you are. So, for instance, if you have, let's say $100 okay, and you have borrowed $30 from your 100 so your $30 will be adept. And then, of course, the remaining $70 is your actual equity that you have, right? So you get the idea what we mean by 30% debt to credit ratio. And that's not a typical or a specific number. 30%. You could be 35% depth and so on for 40% debt just on average. A good score or personal credit qualification constitutes at 30% debt to credit ratio. Third is no bankruptcies, so in the last year or previous years have not declared bankruptcy under Chapters 13 or Chapter seven. So, in other words, you have not officially declared that not unable to pay anything, right? No foreclosures. So if you were in real set, for example, you have not missed out any of the payments on your houses and the bank or the financial institution or the mortgage company has not taken over your house, right, so there's no foreclosures at all. Next, we have the know missing payments in the past 24 months as an entrant earlier. So every single time when you're making payments to your utility bills, for example, or other payments loans that you've taken the credit card payments, for instance, you have not missed a payment in the past 24 months, and I cannot stress this enough. It seems that we sometimes miss a payment, right? Even a small payment, like $20 on a utility bill or AH, $100 on credit card bill. It actually effects your credit. So in order to qualify or have a good personal credit, you need to ensure that you have not missed a payment in the past 24 months. You also should have a major credit card like American Express, for example, or master visa with a 5000 maximum credit limit. So just a basic credit card that you must have with a certain amount of limit 10 year personal credit history. This is sort of important, but it's nice because it shows you the lender kind of takes a look at their record and your personal history and determines how well you've been doing in the last five or 10 years, right? So if you have a adequate or above adequate or good credit history, wonderful. Unless, of course, experts like us A. D v i global, we have the tools and the experience to make you qualify. So even if you do not have any one of these, or if you've missed any one of these options that are just discussed, no worries we have other tool. There's several other factors like I mentioned earlier, right that can actually allow you to obtain personal, good personal credit. And that's what exactly we do at DVS Global. So just to give you an idea what constitutes a personal credit qualifications crunch areas . Next, let's take a look at sample credit score. So here you can see that the reporting agencies, such as Trans Union on the Left and then Equifax on the right side that both provided us a sample credit score off 8 34 which is excellent. The highest credit score they can obtain or reach is 8 50 as you can see. And then, of course, the Lois's at 300 so lenders would take a look at your credit score. And if it's higher than, say, 700 they arm or likely to grant you line of credit because they're aware that having a good score implies that there are no delinquent payments in your credit history over time is fairly good. So I just wanted to give you an idea of a sample credit score. Of course, last I'm gonna talk about just briefly show you the sample credit report. Right? So this is what the actual credit report looks like. And there are three reporting agencies on here the Experion, Trans Union and Equifax. And they kind of give you the first section to give you the information about yourself and then the consumer statements and section B. And then the third section is your summer information. So based on your real, said accounts, you're revolving counts, your total accounts and, of course, your account summary in each of these agencies, kind of take a look at these factors and then give you the details report. So in this lesson, just wanted to cover the importance off your credit score and some of the qualification criterias and how we can help you obtain good credit score. So I hope this helps. Let's move to the next list. 5. Steps To Business Credit: Welcome back. Moving forward in this lesson. I'm gonna talk about 15 steps to getting business credit. I'm gonna divide these steps into blocks of five. So talk about Step 15 and then six through 10 and 11 through 15. So here's the first set of five steps, right? So in order to obtain business credits first course you can contact us directly. We can go to our website diva global Elsie dot com. You have to second set up a profile on credit check total for dollar. It kind of gives you an idea of where you stand at this point. Step three is credit check total provides free valuation. What that means is, once you set up a profile on credit, check total dot com and you receive the free evaluation that you would contact us and provide us to reports. We got to take a look at in depth as to what the credit report says from credits in total, and then we can devalue it in an effective manner based on the score. Of course, you contact us will guide you in the right direction based on your score as to what the next steps are. Or if your score is lower than 700 for instance, we can guide you how to improve. And you have the tools and the resources that are required to provide you the higher and scores even if you have a low score. In other words, we can still provide you the necessary business credit. The fourth step is to create a company name. So what this means is simply you create a company for yourself, right? Remember, we need to separate the business credit from your personal credit. So one of the good ways right, and that's legally acceptable as well. You can create a company name and keep it general. So you don't wanna create a company name in your own name, for instance. Right? So if you're Jason Smith, right? So I don't wanna say Jason just quit a generic name of X y Z company C and so on. Step five is to simply go ahead and check and see if the business name is available with the secretary of state website and if it is available, you don't need to purchase at that point in time. And the reason why is because they want to make sure the website, which is thesis subsequent step the domain for your own website is available or not, which essentially, I'm gonna talk about a little later. But right now all you need to do is just simply go to these Secretary of State Web site and track to see whether that unique company named that you wish to establish is available or not. The company could be either l, L, C or C Corps or escort. Different types of companies are out there that you can create. Elsie's a limited liability company fairly popular because it limits your liability. In other words, if you default right, the lenders or the institutions would not come directly to your personal assets, Right? So your liability is limited in that sense, steps six through 10. Once you've taken the first five steps taken the initiative company. Next, let's take a look at check If the domain name is a bill, and if the domain name is available, all you need to do at this point in time is purchased. The domain name essentially will be providing that domain name to the secretary of state. The next step is to go through and get the address phone numbers set up a virtual office with phone numbers as a subsequent step and alternative. You can also get the next step is to in fact, go ahead and get a low cost cell phone or your phone number. For instance, there many ways you can obtain a phone number, you can register the phone number of your own name. The other option, and the next step is to set up a virtual office with the phone service. So there are several companies out there that provides services that give you a virtual office. They also give you a virtual assistant, including a phone number and address. The alternative is to get a voice over i p. Office for Number Service as well. So there several options that you can take a look at and choose from. The important thing here is that going through all of the steps is optional, so you don't have to in fact, get them right away. However, it is recommended because we've seen better results for companies that have some sort of office or a virtual office. But if your budget does not allow that, then you can always use your home address as well. And once all of these things are set up, then you can go ahead and get your business incorporated that I'm gonna talk about next. The last set of steps 11 through 15 is once course. You find your company name to be unique with the secretary of State. Go ahead. Incorporate that. This way. You incorporate the company with the new business address and phone numbers that you set up in the previous step. Get your federal E I N number, which is an identification number, right that you need, Which is an employer identification number. Yeah, I am. And once you have that number, you need just go ahead and set up or open up a simple back account because to open up a business bank account, you need the EI in number. Once all of the steps were completed, you would go ahead and submit your application, the D v i global, and then we get to work. Can we get you the necessary parts? So it's apparently straightforward, simple steps that you can take and doesn't cost a whole lot, either to reach to the last bit of steps where we come in and then we help you out with getting business credit form various lenders. So I hope this helps. Let's move to the next lesson. 6. Converting Credit Into Cash: Welcome back. Super excited. Moving forward in this lesson. I'm gonna talk about how to convert credit to cash Very strategies by us at Devi at Global . So the entire essence or the objective of this lesson is to allow you provide you the processes and various strategies they can take your credit that you've just obtained. And then how do you converted into cash? So I'm gonna walk you through different strategies in about 10 or 12 slides, right? So that you understand what is working for you and the best strategy moving forward before I had discussed the strategy themselves. Important disclosure and couple of slides. Please note that the techniques and ideas suggested here might not be applicable for every situation, right, because every individual has its own unique situation. Additionally, it's important that you realize that every lender, financial institution march in service provider and credit card is sure had different terms and conditions by sending you this particular document, which we are going to enclose as a downloadable resource. Or you can request us by sending us an email DVD Global LLC's not suggesting that you violate any such terms and conditions, and by reading this document, you agree to hold D V I Global level, see its associates, affiliates, directors, officers, employees and any representative harmless from any claim or loss resulting from your actions without doing your due diligence. There many ways you can get your approved business credit lines into your bank account. The important thing is that you do it correctly to minimize the interest rate and transfer fees. Because every time you run into a transaction, you conduct a transaction with the real state agency or the credit lending agencies, for instance, or the bank themselves, their charges, some fees. So it's important that we minimize that. Although each lender has different terms on their introductory rate, the concepts already similar at Devia Global we've provided you with the list of these introductory terms. It's important that you call the lenders yourself to make sure the terms have not changed. As much as we try to keep up with all of the changes, we may not have the most updated list off introductory offers. Either the lender offers a 0% rate on purchases, balance transfers or both, so I just want to run through some of the important disclosure so we understand moving forward with me. Start to discuss various strategies. Here are the strategies that I talked about converting credit to cash strategies. The first is Vanilla Balance Transfer Request balance transfer tracks cash advance to balance transfer strategy, BT to line of credit or the equity line of credit account over pay, another credit card, personal open checkbook style credit line, PayPal and other merchants and then real state investor rehab or special summer briefly discussed each one of these moving forward first the vanilla balance transfer process or strategy. This is the simplest way to move your credit balance and take advantage of your new credit lines with a low intra rate on balance transfers. So once at Devia Global, we provide you with different credit lines. You can use the vanilla balance transfer, which means a plan balance transfer. Important caution hairs do not use this method for credit cards that offer an intra rate on Lian purchases only. So this is an important I wanted to highlight a couple of bullet points here, so I'm gonna make sure that you don't use this method for credit cards. That offer and introductory rate on Lian purchase only. Okay, next is the request balance transfer checks. This is the cleanest and easiest way to turn your BT balance. Transfer into cash, right? Your credit into cash because you just write yourself a simple check and cash it straightforward. You have to call the lender, however, to request these tracks because these are special checks that the lender would give you based on that credit account that the lender has created for you. And not all lenders offer this option. So you may come across some limitations, right? As you search for these lenders. So you want to make sure you search pre hand right in the first instance, these lenders who have this option some lenders will only offer you this option to accounts that have seasoned for 6 to 12 months. In other words, just because you got a credit line right, they don't allow you to cash that credit line until the 1st 6 months have passed. Okay, Just a example that I wanted to give. And each lender has different terms and conditions on request balance transfer checks. Third strategy is cash advanced to BT strategy Very effective. But we need to ensure correct execution. In other words, you start by using a credit card with a low balance, preferably a zero balance. So you have a credit card with no balance at all, and you take a cash advance on that card that is equal to the amount of cash you wish to access. So if your credit card has $10,000 balance, you want to take $10,000 access route. Then you can simply transfer that balance to your new credit with the lower introductory BT offer. So you're going from higher right to a lower rate. Next, we have the BT to line of credit, or ultra known as the home equity line of credit account, the he lock account. It's not common, so we typically don't use that. But it is certainly a strategy, a very effective strategy, in fact. So, for instance, if you have another account with a bank or lender that is 16 digits long, and you can simply have your BT done directly into the other account and none of the other strategies air than necessary, some lenders require that this 16 digit account number needs to begin with either a 345 or six, just like very similar to your credit card right there Always begin with a five. For example, the MasterCard's begins with a five right, so this strategy is not as common but can be very effective, based on your own specific need or environment over paying. Another credit card is next quite risky, however, and you need to use that with caution. And I've seen individuals fall into this where they want. You know they have multiple credit cards, they use one credit card to pay the other, and that is OK. But it's really risky, basically, if you have a credit card account with either low balance or a zero balance, and there's nothing to stop you from doing a balance transfer to that card and creating the credit balance, for example. In other words, if you send $1000 toe a card with a zero balance, then this card with zero balance actually owe you the 8000 right to get the idea. Next is the personal open checkbook style credit line, and this is a great option, by the way. Very effective. Nice to use. You may apply for a personal line of credit to one of the financial institutions that straightforward. The bank may request the last two years off your tax returns, and that's typical requirement of the financial institutions. However, if you have a good relationship with the bank or the institution, they may not ask you for their personal tax return because they know you. It's your community bank. You've been living there for a while. They know who you are. They know where you work and so on. So you have a good working relationship with the bank. Keep in mind that the line of credit is based on your personal credit and has nothing to do with your business. So this is important to note, right, because this line of credit is on your personal credit, where we talked about the business credit as a differentiation in one of our earlier lectures, right? So here, the personal open checkbook style, credit and strategy is based on your personal credit, any relationship with the financial institution, but nevertheless, it's a great option. Next is the papal or various merchant accounts such as Intuit Merchant account, square up and so on. We use the following strategies for accounts with 0% interest rate on purchase transactions on Lee and all you do just set up first accounts, right? So you can go into a dot com or paypal dot com and set up your various merchant accounts so that you could transfer the balance is the only thing to note here is that square up dot com, right? This particular site is Onley immobile option. In other words, you can only use your mobile phone, too. Conduct transactions or open up the account. And finally, the strategy of real estate investor rehab for special. It works best with credit cards that offer 0% interest on purchases. So the term here is purchases, right? So you want to make sure that it works best. Describe it if you want to use it will work wonderfully well with business cards that offer zero and terrain on purchases only. In other words, you have a credit card that offers you're right, and it will provide you that way. If you purchase something right, not transfer and not any other option. We can use that new business card or your business card to purchase all your materials. So, for example, since the zero rate is on purchases. Only you can go Lowe's or Home Depot or Menards or whatever, right? And then you can make the purchases. And what are you essentially purchasing? Right. So since you're rehabbing your house, right, so you bought this property and you want to rehabilitate. In other words, you make some some redone to the to the property. You want to buy some paint right, for instance, or new doors or windows or carpet and whatnot, so you can use that card on 0% interest rate. Right? That's very nice option to have on purchases, and then you can go to a local store. You can buy in bulk, for instance, and then redo that particular property so that it adds value to your assets. And once you do that, we have, the property is ready to be sold and, in our experience at all the cells at a very high price or relatively high price, depending on the market conditions themselves. But essentially, it's a nice option to have and a profitable one. So when you receive the trek it closing, for instance, and you do not pay back the credit cards in a lump sum, and that's not something that you want to do. You always want to make a minimum payment, and that makes sense in order to maximize the effectiveness of this particular strategy. The real estate investor. We have a special strategy, right? We need to ensure that the next project is lined up, and that's pretty common because you end up buying something and then you end up, we having that property. But then that's it. You sell it and then you have to wait. Right now. That time period of waiting is actually costing you because you're making these minimum payments on that credit line. So the ideal situation is that once you start rehabbing your existing property, you want to be able to make sure at the same time that you're looking around for other properties, right so that the circle continues. The next cycle does not break, and that's how you make this strategy effective. We need to ensure our next project lined up and ready to purchase A soon as you sell your first rehab property. And, of course you'll get some profits, right, so you get. The idea is part of the business. Since you have a company established, you can then rotate these properties as you go along, and by far it's a fairly good option and very profitable. So in this lesson, just wanted to go over various strategies that suits your specific environment or requirement. So I hope this helps. Let's move to the next lesson. 7. Purchasing Real Estate: Welcome back. Moving forward in this lesson. I'm going to talk about various ways, methodologies that he used to purchase a real state or start to invest in real estate. Forthright views I'm gonna discuss for areas first, is the market research. So in this particular market research, you need to define your investment goals and types. They're two different things, right? So there's investment goal that you may have, and then the type of investment that you wish to make and, for example, such as property location could be a goal. Right? So you wanna make sure that you have a gold set where you want to buy the property yet? And then which type of property was to purchase, whether it's a new home remodel home, it had home or rehab and so on. So property, location and neighborhood. And this is important to note that property location matters quite a bit in the real estate business. You could also use an example such as, well, state flipping. In other words, buy houses and then selling right or a strategy could be buy and hold. So, for instance, if it's an upcoming subdivision, you wish to purchase a property in that subdivision, right at a low price, and then hold it for a year or two so that the price goes up and then sell it. Other options are vacation rentals like Airbnb and Swan. So during the market research phase right in this particular area, you need to define your investment goals and types. And then secondly, where to invest you could invest, such as in hot homes, right foreclosures, other property that needs remodeling. You could buy cheaper and so on, so just contact your local area or directory and then your neighborhood. Look around. Get a feel for various properties that are available for sale. Maybe your local bank or financial institution have a list of foreclosures. Right properties that are upcoming or that are people that cannot pay so that their homes are repossessed by the bank, so those are good examples where you can invest. Second is bigger pockets, so bigger pockets is a journey towards freedom. What that implies is that this particular platform give you plenty of resource is to learn about their wheels, day deals, real state business and learn from others. So, for example, you can make effective and profitable real estate deals using social networks and online communities. And this is an extremely popular online resource for real estate investors off all levels. So if you're a beginner, that's fine. If you are intermediate or an export investor, that's even better because this platform provides you but all the necessary resources and tools such as forums, blog's podcasts and videos. So just go toe bigger pockets dot com, for instance, and you'll see a host off tools and resources that are available. And at this site you could find and post deals established new partnerships, talk to people, joined groups in your area and much more so again. This, in turn, is a journey towards freedom because you're actually now learning a whole lot more within the real state business. Third is the local real estate investment associations. This is another excellent way where you can go and find real estate details or properties and meet face to face with. Individuals can email them, talk to them and so on. And these individuals are experienced investors and have excellent knowledge about real chip property, and they can guide you in the right direction as well. Next step is to establish solid relationships with these individuals and fast track your learning curve with Will State Ventures. One of the sites that I listed here is National Real Estate Investors Association, a great side that you want to visit, just become a member of or just kind of go through what it has to offer. So the local real estate investment associations are great place to find. People get to know individuals so that you can fast track your learning curve with real state property purchasing process. And finally, the agents. These are real state agents. There are not all equal. In other words, each agent varies with its own experience, and so on. So best on your goals and objectives in purchasing will state you want to make sure that your agents are in line of the same methodology, right? These agents monitor local market activity because that's their full time job, right? That's what they do. So they know exactly which property is going to be booming in the next six months, which is a good bye or which is not a good bye. So we want to look for agents that work with investors, so these agents are connected with real, said investors who have invested large sums of money in the world state industry and submitting multiple offers and being creative, the deals comes only with experience. There is no shortcut, of course, right. So once you purchase real state and then you, we have the house to redo the house and then sell it and then purchase it again. And so on, so experienced in different neighborhoods, you get the idea. What is the best strategy that's working for you? So these agents can help you in every step of the way from drafting written offers to various negotiations. So once initially, you engage these agents, and then once you get experience, you would know exactly entire process. And if you happen to reside in the Illinois state, that's perfect. Simply contact us, and we will provide you access to some of our real state agents that can help you. So in this lesson, just wanted to highlight some of the four core major phases or segments where you can actually use to purchase your real state. So I hope this helps. Let's move to the next lesson 8. Frequently Asked Questions: Welcome back and this. Listen, I'm going to talk about frequently asked questions, right, So by this time of the course, you taking this course so far, you have some questions I've put together. These frequently asked questions so it may or may not answer all of your questions. If not, just reach out to us. I'll be more than happy to provide you the answers. So first, why open up business lines of credit? In other words, why do I need it? Business lines of credit provide great opportunity to leverage your cash to fund your business. Straightforward, right, so you get credit. You convert that credit into cash by using several strategies that were discussed. And then you can use that cash to fund your business or purchase will state. For instance, reach your desired Incan gold's faster. Another benefit of using open business or opening up business lines of credit allows you to get from point A to point B quickly, rather than relying on your own resource is So. For instance, if you like to earn profits in your existing business, for example, and you want to save those profits and then invest, that's gonna take you a long time could take you potentially longer, period, whereas opening up business lines of credit is much faster. So you want to make sure that we were smart, right? Not hard. Second, why do I need to set up a business? Why don't need a company? Business lines of credit funds, businesses only, as I mentioned earlier, right? So these financial institutions would ask you for your employer identification number. And that can only be obtained once you register with the secretary of state as a company. And that secretary of State would give you the E i N number. So you can create a company such as a limited liability company and I'll see or an escort Psi Corps and so on on the differences between SNC corporate, just the number off partners or the shareholders he can have business entity must be created, and one of the greatest benefits that you would have when you set up a company is limit your liability. Next, will your unsecured business lines of credit report to the personal credit bureaus such as credit reporting agencies, Trans Union, Equifax or Experian. This is one of the frequently asked questions as well, so the business lines of credit that you acquire will not report to your personal credit bureaus unless you begin missing payments and default. You may draw on the entire balances of these lines without fear of bringing down your personal credit scores. And that's perfectly well and legit. So the only important thing here is that you do not want to miss a payment, right? That's when these credit reporting agencies like Trans Union, Equifax and Experian they start to report that will reflect that on your scores. And because the banks do not have to verify the credit profile, there will be enquiries on your credit. In other words, the bank will check your credit. And every time there's an inquiry on your credit that sometimes causes the school to drop a little, because then these agencies air, wondering, Why are so many people there are checking up on your credit? Then it will go back up after a few months or so. Next question is I have great credit. Why shouldn't I just go to my bank and get a credit line pure and simple? Well, there to measure reasons why we have d v. I global funding program is superior to a typical bank. First, many lenders report business credit lines to the personal credit bureaus. In fact, this means that when you draw on a balance of the line, your personal credit can drop anywhere from 20 to 100 points overnight. And that's pretty substantial. If you work with us, for instance, this will be minimized. So I d. V at Global. We have contacts with hundreds of lenders across the nation, each with unique lending trends. So we know these techniques, tips and tricks of the industry being an experienced company, that allowing us to optimize your financing mix so that you received the most capital with the lowest interest rate as quickly as possible. So these are the two options that typically banks would not offer right there was simply extend. You landed credit, and that's about it. Next question is, if the business is just starting up, how much can I receive in unsecured business credit? And that's an important question because you've just established the company. So there's no history of the organization or the company, right? So the question comes to mind if my business is just starting up. How much kind of actually received? Well, if you've been in business for at least three years, you must still qualify for up to $250,000 in unsecured business capital. Now when we say unsecured, that means you don't need any collateral. You don't need to show the lending institution that your house, where you have equity or you've capital unsecured means they will just give you the money based on your credit. Next question. How long does it take to receive the business lines? This process is rather fast. Once they received the estimates from the underwriters, for example, the process will take about 2 to 4 weeks to have their lines of credit in hand. So it's a straightforward process. Once they actually received the estimates from various underwriters, are there any fees associated with the business lines of credit with D V I Global L L C. Well, we charge only 10% success fee, and that's on Lee to be paid after your funding has been received. So there's no up front cost that you need to in car. In fact, we walk you through the entire process of obtaining this credit right lines of credit and then, once successfully completed, we only charge you 10% as a success fee. So in this lesson, I just wanted to cover some of the major frequently asked questions that typically companies or individuals have. So I hope this helps with this. Let's move to the next lesson. 9. Course Conclusion: welcome back. So we're finally at the course conclusion In this brief lecture, I'm just going to recap some of the important concepts that we actually followed and discussed within the entire course. So there's course is essentially designed to point you in the right direction to do three things right, and we accomplished throughout this entire course, the first was getting business lines of credit where TV at Global can actually provide you the techniques, tips and strategies and processes to obtain those business lines of credit. And then, once you have those lines of credit, we convert them into cash by different in several ways and ultimately investing in real estate. Well stocked about the differences between business and corporate credit, personal credit qualifications, the 15 steps to business credit and how to convert credit to cash. Along with certain important disclosures that I talked about. We also took a look at various credit to cash conversion strategies such as vanilla balanced transfer requests, balanced transfer tracks, cash advance to BT strategy, the balanced transfer to line of credit or the he lock account, just the equity line of credit home equity line of credit, right over paying another credit card, using the personal open checkbook style strategy, PayPal and working with different merchant accounts and then the real state investor. We have our special as well. So these are the very strategies that we discussed and talked about, how to convert your credit to cash. And then finally, we discussed the purchasing off the real state. What are some of the ways where you can go take a look at verse, online communities, social media and so on? Websites such as real state investment associations is a good way to network and learn about investments in real estate. And then, finally, the frequently asked questions. We discussed those as well, so I hope this course help you in many ways in understanding how we can actually go about obtaining credit, establishing a company, converting that credit into cash and then actually investing it into real estate. That's one of the best businesses out there to invest into real state. In other words, real assets from any questions, feel free to reach out to us at D V I Global L L C. We are your business consulting partner. So with this, I like to thank you for enrolling in this course, and I look forward to having you in my next set of courses