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Learn about cashflowing reantal property investing. 

David

What is the biggest down-side to getting a business line of credit to buy real estate or what should someone be careful about?

TOM’S ANSWER - It does not matter if you are investing in real estate using your own cash, a business line of credit or someone else cash - the most important thing is finding a good investment.

You must use strategies to find true DEALS. You can invest in pre-construction, pre-foreclosure, probate, fixer ups or whatever you want to concentrate on with business lines of credit safely if you have a good long term plan.

Leah

Hey, the state application for a trade name is $50 (no problem) how do I obtain an FEIN which the app. Requests.

TOM’S ANSWER - you can get a FREE federal employer ID number from the IRS website.

Leah

On one of your calls it was mentioned that it is better to create a business name that ends in “services,” not “real estate”/”realty.” That being said, when I am registering my business name with the state, under what category should I classify these businesses. I do not wish to raise any red flags with “other.” I just want to be able to enter the “best” information to obtain the greatest results when applying for business lines of credit-and–of course–it HAS to be legal. Thanks for your time Tom.

TOM’S ANSWER - your state does not care what kind ob business you create. The designation (other) makes no difference.

When you name your business you want to -

1. Avoid offending the homeowners you may be doing business with. Some homeowners don’t like to sell to an INVESTOR. So call your real estate investing company something nice - not “Cut Throat Real Estate Investments, LLC.”

2. Use the term “Mang. Services” when applying for business credit. Do not use Construction or Real Estate. Mang. Services are approved for the largest lines of credit.

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idan topol

hi, is buying your course all i need to make it, or are there other material I would need to buy? please give me direct answer. thank you, idan topol

TOM’S ANSWER - My system is all you need. When you get it you will file for a business name and get started getting credit. The filing is less than $40 in most states.

Mark Fisher

Donna Fox’s book Credit Repair how can i link to her site. Thank you

TOM’S ANSWER - Donna’s book is great. Here is her link www.cashflowexperts.biz/donna

Una

I would like to set up the name of my business, but where would I start? Thank you.

TOM’S ANSWER - I can’t help you pick a name but my system will show you exactly where to go to get your business name filed.

In most states it is under $40. Just follow step 2 of my system @
www.CasfFlowExperts.Biz/ultimate

Jeff

Are foreclosures the way to go? If so how come you don’t mention anything on http://www.theultimaterealestateguide.com

TOM’S ANSWER - Yes, I make a lot of money buying and selling pre-foreclosure homes. And I talk about how to do it @
www.LiveForeclosureTraining.biz

christian campbell

I have found a credit partner. His credit score is at 700. Is that good enough.

TOM’S ANSWER - That is a great credit score for your credit partner. You will be able to leverage that to do almost anything.