CashFlowExperts.Biz

Mike Allison
Hi, Tom. I use investors for financing deals. I am getting my EIN for my business, and will use credit lines to finance deals. When credit lines are full, and you don’t want to keep paying 10% to investors for rental properties you are holding, where do you find long-term money? Thanks.

TOM’S ANSWER – I use lines of credit as LONG TERM money. I have gotten good at calling up lenders and negotiating good long term rates.

I recently got a life time rate of 3.99%. But I am happy to use both private investing partners and lines of credit as needed for my real estate deals.

Sita Musai
Can I use these credit lines to invest in Pre-construction. I would like to know how long its going to take before I can get started.

TOM’S ANSWER – Yes, you can use the money for anything. It can be used for any type of real estate investing and even for advertising or marketing for deals!

Max
When applying for a Business Line of Credit, what amount of the business’s income and the owner’s salary shall we state? What is the kind of business should be listed to make it easiest to get the Biz LoC? FYI, i am doing property mgmt of my own rentals, and misc investment activities? To get cash for investment, would it be best to get Credit card, or Biz LoC? How fast can we build the 200K line of credit and what amount of cash is needed to seed it? If we have cash, would it be faster to grow the LoC?

TOM’S ANSWER – I give you a complete template that gives you all these answers to use when you are filling out a appl. For a line of credit. My experience shows that you should list Mang. Services on the appl. To obtain the largest lines of credit.

You will be able to follow my system and build up to $200,000 to $300,000 in a few months.

Kevin
How do you get cash from the business credit cards? Is it cash advances, wire transfer or chex?

TOM’S ANSWER – Yes, it is all those methods. Each line of credit supplies you with a set of convenience checks. They are my favorite way to access the cash because they are the lowest cost and most flexible.

And the great thing about this cash is that it only requires a small monthly payment with no balloon payment’s.

Max
can we create a corp in NV even when we live outside of NV? How suspicious would the banks be? Would we need to open the bank account in NV and have an address in NV? we live in CA and each corp would cost $800/year!

TOM’S ANSWER – The banks we use do not care where your business address is listed. I do not use a Nevada corp. because I can get a less costly corp or LLC in many other states.

So you can set up a business in your home state or pick one that offers low cost set up and maintenance like MN, AZ, NJ.

Corliss Dillard
Is a person who purchases your system (which I am about to do this week) that receives funding from lenders required to get ARM loans?

TOM’S ANSWER – You do not need to get an ARM loan. ARM loans are a type of mortgage. My program only uses business lines of credit.

Business lines of credit are good because they are so flexible and do not have huge fees or balloon payments.

Darryl Jefferson
OK Tom. My question is, what if you already have a business name, but it’s not an LLC yet. You’d like to convert it to an LLC but you’re not sure if you need to change things like the business address, etc. So it won’t be linked to your personal credit. I’d like to keep this particular name but, if I need to change or alter it, I will.

TOM’S ANSWER – You can use any address you want. The address is not relevant. The only thing that matters is that you have set up your business as an LLC with a federal employer ID number (which is free).

So register your current name as an LLC and use your home address as the business mailing address.

Micky
I have received all your emails and I already have a DNB rating – am I in the right position to purchase your program and put it to full usage?

TOM’S ANSWER – You do not need a Dun and Bradstreet number to get money using my system. My program was designed for people that do not want to get a D and B #.

The ultimate real estate investor’s guide is the easiest way most people can find to get $200,000 lines of credit.

You don’t need a business plan or D and B number because I give you a list of lenders to contact that do stated income loan appl.

Go to www.CashFlowExperts.Biz/Ultimate

FREE Tip

My clients pay me big money to personally coach them on the how to make money investing in real estate.

Here is one of the tips I gave my clients to help them find people that want to rent to own houses.

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You simply need to consider if your money is better spent running a catchy ad in your newspaper or paying a small fee each time you buy a lead from this website.

Eric
What is the interest rate on the line of credit?

TOM’S ANSWER – Rates vary. Some of the lenders offer 0% for the first nine month. And I just got a life time rate from one of the lenders of 3.99%.