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Passive Real Estate Investing

Ask Marco - Purchasing Buy-and-Hold Properties with Business Credit? | PREI 286

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6968 Ratings

🗓️ 3 September 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

Today's question comes from Jake, he wants to know if it is a good idea to use business credit in acquiring investment properties.   Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0

Welcome to passive real estate investing, the show where busy people like you

0:05.0

learn how to build substantial passive income while creating wealth for the long term.

0:09.0

And now here's your host, Marco Santorelli.

0:13.3

Welcome to passive real estate investing

0:15.4

and another episode of Ask Marco

0:17.0

where I answer your investing questions.

0:19.2

Today's question comes from Jake.

0:21.4

And Jake says, hi Marco, thank you for the great podcast. I've been listening for several months now.

0:26.5

I purchased my first two rental properties in June of this year. I also refinanced my primary

0:32.0

residence and plan to borrow from my 401k to purchase additional properties by the end of the year.

0:37.0

My goal is to have between 7 to 10 properties around the new year,

0:41.0

with my long-term goal of building a 50-door portfolio in

0:44.8

approximately 10 years time. That's a great goal, Jake, and congratulations on

0:49.1

getting started and having that momentum. So he goes on to say, I have been researching methods of

0:55.4

acquiring additional properties for when my pot of cash runs out. I came

1:00.5

across a company called Fund and Grow who advertised getting business credit cards with

1:04.9

zero percent interest for one year. I understand the power of leverage so this idea is intriguing,

1:10.5

but I have concerns with becoming over leveraged and with this method being speculative

1:16.3

and relying too heavily on appreciation.

1:19.2

Is there a place in turnkey investing with business credit cards. Respectfully Jake. Well Jake this is a very good question. I

1:27.8

understand your concern and your obvious desire to grow your portfolio as quickly as you can. your

1:33.1

portfolio as quickly as you can. What's interesting about your question is I've received

...

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