Should You Refinance Your Home to Buy Investment Property?

How to Borrow Money without Collateral

By Trace Trajano

I got another email today. This time from someone who just read my book. Here’s the email complete with grammatical errors…

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hi! im jeff te***to from makati city phillipines.

i just read you’re book.. and i dont know where to start, especially i don’t have any money. im here to tell you, i know it’s non sense but i need to borrow money from you if its ok… i’ll make good use of the money sir.. sir i want to help may family.. i will join in network marketing. (networking) the company’s name is UNO – unlimited network oppurtunites. my profile is also in friendster.com,my email add is —-yahoo.com my mobile number is 0927-***7630sir, i want to beg you… im sorry if i disturb you… i need youre reply sir, or contact me in my mobile number. thank you so much sir trace.. take care always..

————–

I deleted the phone number and his last name to protect the poor guy.

Here’s my answer:

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I only lend money to people I know and trust who have some success in business. Figure out how to make money with no money and I will lend you money.

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You might be wondering…”make money with no money?” How is this possible? Dudes and duddesses (if there is such a word), it is possible to make money with no money. In Tagalog “laway lang ang puhunan” (your words are your only capital).

In fact, just yesterday, I made $17,000 flipping a fractional ownership in an apartment complex. I will show you the check on Monday.

Dan Kennedy, the marketing guru of real estate gurus said “If you can’t make money with no money, you can’t make money with money.” I just copied what he just said. Good thing it’s not copyrighted so I can borrow it and use it. (lol)

So how do you make money with no money? The first principle is you can leverage on your ideas, efforts and your network to make money. That’s it. If you really understand and live that principle, you will succeed in any business. Why? Because the number one reason why businesses fail is because of lack of cash flow. If you can make money by using your time, energy, effort and ideas, your business will never run out of cash flow.

The second principle is that you have to present your business ideas in such a way that you build confidence and excitement about your business idea. It’s not enough to just say “Sir, I need to borrow money. I am starting a network marketing business.” You have to outline why you think this business will succeed, what are the risks and what is the payout period. You have to make it enticing to the one you’re borrowing money from as to why the deal makes sense. Failing to do so will mean I will feature you in my blog to humiliate you (bwahahaha…just kidding). If you fail to present your case, you will not succeed in borrowing a single dollar (or peso) from anyone.

Source: http://tracetrajano.blogspot.com/2008/11/how-to-borrow-money-without-collateral.html

Larry has asked me to write a series of articles for this column on single tenant commercial NNN investment properties.  The first article came in January 2009.  I would strongly recommend that you read that article first.  Last month we discussed why single tenant commercial NNN investment properties are such a great deal and have lower risks.  There are two returns to rental properties.  You get a cash flow return while you are holding it and you get a capital gains return when you sell it.  These are two independent and separate returns.  In this article, I will cover cash flow returns.  Next month we will cover capital gains returns.

Weith single tenant commercial NNN investment properties as ther eare no expenses other than debt servie, the cash flow return on the property will be based on not rent minus the debt service divided by how much cash you put into the deal.  You can get a higher return by either buying a property that gives you more rent, or pay less in debt servie or put less cash into the deal.  Lt us look at each of these pieces.

As commercial properties can have different prices and net rents to compare two properties, we compare their cap rates.  The capitalization rate or cap rate is simply the net rent divided by the price.  For example if you purchase a property for $100,000 and it has an annual net rent of $8,000 then the cap rate is $8,000 divided by $100,000, which is 8% cap rate.  This way when you are trying to decide between two properties, one that costs $90,000 and gives you $8,000 in net rents and a second property that costs $110,000 and gives you $9,000 in net rents, you can determine that the cap rate of the first is 8.89% and the second is 8.18% and know that the first will give you a better return.

The second way to increase the cash flow return is to reduce the debt service.  You can lower the loan payment by getting a lwer rate, longer amortization, make interest only payments.  The rate is baded on economic factors, your credit, the term of the loan and what you can negotiate with the lender.  Never accept the rate that a lender offers you unchallenged.  Shop around and negotiate.  The amortization period will be based on the lender’s determination of the useful life or the future income of the property.  Again this is something you should negotiate.  You can also get a better rate if you do a baloon loan or tak a shorter term.  this is an especially good strategy if you are planning to sell the property uqickly or expect interst rates to drop in the future.

The third way to increase the cash flow return is by using leverage.  For example, let’s compare the returns if you buy the same 10% cap property for $100,000 with all cash and 50% cash.  In the first case you buy it all cash and will get a $10,000 annula income, which divided by your $100,000 investment will give you a 10% return on investment (ROI).  In the second case you buy it with $50,000 cash and finance the purchase with a $50,000 interst only loan at 5% interest rate.  Your net income would be $10,000 minus the $2,500 debt service, which is $7,500.  Your ROI will be $7500 divided by the $50,000 cash you put into the deal which is a 15% ROI.  By putting less cash into the deal, you have increased the ROI.

As you can see, the returns you get from a property are not just based on the property, but also on how you structure the deal and financing.  Next month we will cover capital gains returns.

Winston T. Rego is a commercial real estate investor with Executive Commercial Realty and the author of Single Tenant NNN Investment Properties with Larry Goins.  Mr. Rego may be contacted by email at WinstonRego@yahoo.com.

Financing Tip of the Month – April 2009

I can’t believe that even with the things going on the economy the 30 year fixed rate loan is down below 5%!  I’ve actually seen rates as low as 4.6% for a fixed rate loan.  With the average right now as of this writing it’s down to 4.89%.  So needless to say mortgage applications are up.  People are going to start buying homes again and going to start re-financing again.  The tip today is this.  If you are going to re-finance or do anything, I would suggest that you get a fixed rate loan.  Do not do an ARM (adjustable rate mortgage) or anything like that.  Right now you can get a 30 year fixed rate mortgage for under 5%.  That is so strong.

Think about all the other bills you have right now.  If you are currently a homeowner, and you have any equity in your home, you can refinance your home to pay off other debts if you can still qualify for a loan.  You can look at your situation and refinance your home to pay off credit cards, car loans, etc.  Currently that mortgage interest is tax deductable.  I’m not a CPA, or a tax professional.  And I would advise you to talk to a tax professional.  However, as I understand it, car loan interest is not tax deductable unless it is a business owned car.  Credit card interest is not tax deductable unless it is a business credit card.  But mortgage interest IS tax deductable.

You could pay off your credit cards, you could pay off your vehicles, and you could refinance your house and get a low fixed rate loan below 5%.

Now, if you need to move some things around perhaps you need to talk to friends or family to get some assistance paying those higher interest items off first.  A temporary loan to lower your debt to income ratio could provide this.  Then the loan that refinances your house could pay back that temporary assistance and lower your interest rates.  Talk to friends, parents, aunts, etc. and get the loan you need to pay off the credit cards.  Be very careful when you do this.  You don’t want to take on additional debt that you cannot pay back.  Only get help from family if refinancing will enable you to pay them back quickly.  This is a way to reduce your debt and to perhaps even free up some cash to give yourself some breathing room.

In addition to that, if you are in a situation where you own a home free and clear or its almost paid off, you may want to consider getting a 60-70% loan to value loan and using that for your real estate investing.  A word of caution here.  Be very careful not to invest that money into anything risky that will keep you up worrying at night.  But if you use the money for something valuable or to create value, something that will make you money, you can make a very wise financial decision.

Over at TheCoachingClub.com I’ve just uploaded a new video that teaches what we are doing with our money.  You will find that in the video section at TheCoachingClub.com.  As you know by now as a newsletter subscriber you can sign up for the coaching club for just $29.95 per month which includes your newsletter at no extra cost.  Then you won’t be billed for the newsletter monthly.  No double $29.95 charges!

You will still receive the newsletter but you will get all the benefits of The Coaching Club as well.  Articles, archives, videos, courses, forms, everything that you need to further develop your real estate investment business.  You will find tutorials, webinars, trainings, Brain Pck a Pro archives, Palooza archives, and complete home study courses as well.  Everything you need is in one place!  But you have to join The Coaching Club to be a member AND receive your hard copy newsletter for just $29.95 per month.

That’s your financing tip of the month.  Be sure to head over to The Coaching Club to see where we are investing our money and how we are making 60-70% returns on our investments.  Right now you can borrow money at less than 5% interest and that is a smart financial move.

7 Ways to Avoid Foreclosure

By Steve Teta

Through no fault of your own, you may be facing one of the greatest challenges of your life; how to prevent your property from being foreclosed upon.

Why let the bank take your most valued asset and leave you with nothing? Fortunately, alternatives exist. In fact, there are seven ways you can avoid foreclosure. They are:

1. Refinance
2. Bring your mortgage current
3. Create a “workout” with the bank
4. Declare bankruptcy
5. Create “shared equity”
6. Transfer title
7. Sell the property quickly

Let’s discuss each option—what it is, and the pros and cons of using each one:

1. Refinance

In today’s marketplace, there are many different types of financial institutions that lend money. Although you may not be able to refinance with your local bank due to your current situation, there are many mortgage companies and lenders who specialize in creative financing solutions. That’s how they can compete with the big banks. They are often able to review your situation and find a solution to your needs. It is true that the loan you get will probably have a higher interest rate than a regular loan. But if you have a good amount of equity in your property, the ability to refinance will most likely be a good option that’s available to you.

2. Bring your mortgage current

I know what you are thinking: “If I could bring my mortgage current, I wouldn’t be in this situation!” That may be true, but have you investigated every possible way that you may be able to get the funds? Can you borrow it from a friend, family member or co-worker? Can you sell something? Does your employer have any hardship loan programs? Brainstorm with family members or close friends. The more you think about it, the more likely it is that someone will remember or come across a solution.

3. Create a workout with the lender

The lender does not want to foreclose. That’s because lenders are in the business of having their money at work in loans, and not sitting in a property they have taken back through foreclosure. Not only is that a black mark on the lending institution, but it hurts their financial picture as well. Therefore, in many instances lenders are willing to do “workouts” (also known as a forbearance agreement). What this means is that they are willing to work out the back payments that are owed, until you become current again.

A typical workout would be the lender taking the full amount of your back payments and dividing that number by 12 or 24. They would then add that amount to your current payments, until you are paid off. When considering a workout, you’ve got to be able to make that extra payment each month or you will be right back where you started—in the foreclosure process for the second time. At that point, the bank will not look very favorably upon your situation. It’s best to work with a workout specialist…someone who has done workouts before and knows the “ins and outs” of the lending business.

4. Declare bankruptcy

Declaring bankruptcy is a viable option to being foreclosed upon, but it should be used only as a last resort. Also, use it only if you know that you will be able to keep up with the future loan payments. Otherwise you’re just postponing the inevitable, and the longer you wait, the less money you will walk away with from your property. A bankruptcy will be reported on your credit report for seven years. The bankruptcy will also be reported in the financial section of the newspaper—it’s a requirement from the bankruptcy court.

Declaring bankruptcy is also costly. When declaring bankruptcy you will have the option to declare either Chapter 7, 11 or 13 bankruptcy. These refer to different parts of the bankruptcy law, and relate to whether you are somewhat in debt and need to renegotiate with lenders, or whether you truly are going to walk away from your debts. However, be warned that because you can only declare bankruptcy periodically, certain future debts might not be eligible for even bankruptcy protection. The point is that bankruptcy should be your route of last resort. If you truly have no other alternative, call us and we will give you the names of two or three reputable bankruptcy attorneys.

5. Create shared equity

To create shared equity, you borrow the money from an investor, in order to make up your back payments. In return for bringing your loan current, you give the investor a certain portion of the equity in your property. You are giving up part ownership, in return for keeping part ownership: That beats giving the whole thing over to your lender.

Of the seven methods to avoid foreclosure, this is the most difficult to accomplish, because there are not many investors who are willing to risk money (the back payments) on an individual who has a history of not paying.

6. Transfer title

This is a form of property sale. It’s called a “subject to” transaction. An investor offers to make up your back payments and take over your property, subject to the existing mortgage. The title of the property goes into the buyer’s name, though the mortgage stays in your name until the loan is paid off. This could take as little as thirty days, or as long as three years. You may ask, “How do I know the investor will make the payments?” The answer is quite simple: He has just made up all of your back payments; he now has a financial stake in the property. It only makes sense that he makes your payments to protect his investment.

This type of sale is becoming quite common. The benefits to you:

· You don’t have a foreclosure on your record;
· You may get some cash immediately to start fresh;
· You immediately solve your looming foreclosure; and
· Your credit gets built back up through no effort of your own
because the investor makes up your back payments and begins
making your monthly mortgage payments on time every month.

Before long, your credit score is once again in good standing.

7. Sell your property quickly

Sometimes people just want to walk away from a bad situation, and leave everything that reminds them of that situation behind. In this case, you sell your property outright, collect any equity that you have in the property and start over again. One great thing about time is its ability to heal wounds. Yes, things may be bad now, but as Johnny Cash always said, “This too shall pass”. It may be time to face what is happening and act in your best interest right now for a better tomorrow. You can sell your property through a real estate agent or directly to an investor. Selling directly to an investor will save you the commission that you would pay to a real estate agent and more importantly will save you time. A real estate agent sometimes takes three to six months to find you a buyer. If for some reason that buyer cannot get financing or close on the property, you might be left in a real bind.

The three to six months (or eight to twelve months in this market) that a real estate agent may take to find a buyer could be longer than you can afford. That’s because once your lender has set a date for the foreclosure, it will foreclose on that date, regardless of whether your buyer needs more time. In many situations, investors like can pay cash and can close quickly.

Commercial Loans: There are Some New Sheriffs in Small Property Town!

By Craig Higdon

It was hot and dusty in the wide open street. The steely-eyed man with the badge standing in front of the small retail center was perfectly still, totally focused on the bank underwriter who had stopped his scribbling on the yellow pad. The underwriter looked scared … very scared as the Sheriff said: “Put the pen down, pahdner … and put it down real slow-like.”

OK … so it’s a bit dramatic. But there is a new class of lender in the small commercial loan market, one that I call “Hybrid Lenders.” For loan amounts up to $1.5MM on commercial properties, we can get the Loan-to-Value (LTV) as high as 90% in some cases regardless of the property’s cash flow. For those of you who have been in the business for a while, you might be somewhat shocked at that statement. But there may be some of you who are thinking: “Big deal, Higdon. I can get that and even better on my home!”

That’s true. But then you probably don’t know that until recently, most lenders in commercial real estate based their loan amounts on the property’s ability to pay the loan payments without regard to how much the buyer made. So even if the borrower made an extra million dollars a year, traditional lenders wouldn’t increase a commercial loan amount past their guidelines. On top of that, you’d usually see a maximum LTV of 75% on most commercial properties, with 80% being the top on apartments. So what changed?

These new lenders blend commercial underwriting with residential. They look at the whole picture when considering “free” cash flow and the borrower’s ability to pay the payments on the loan. They also require full recourse, meaning that they’ll come after the borrower’s other assets in the event of non-payment, and they charge more in rate. The good news in all of this is that you can get into commercial real estate with far less capital than you have in previous years.

About the Author:
“The Investment Property Insider” is published by Craig S. Higdon, a veteran commercial mortgage banker. He publishes the e-zine and blog, http://www.InvestmentPropertyInsider.com, for commercial real estate investors, developers, and industry professionals. Visit the blog and get this free report: “The 7 Biggest Loan Mistakes Real Estate Investors Make And How To Avoid Them.”

You Make Your Real Estate Profit When You Buy by Mark Walters

Real estate profit is earned when you have already bought a property and successfully sold it to a price that you want.

Every investor wants to pay as little as possible for single family rental homes. Have you ever stopped to think why you should negotiate for the lowest possible purchase price? Yes, I know every real estate guru talks about no money down or little money down as the correct approach to investing. Yes, but why?

Let’s say a home you are interested in buying has a true market value of $100,000. If the owner was financially distressed you might be able to buy that home for $80,000. The moment the deal closed you would seem to have a free and clear equity in the home of $20,000.

If course, you could not put that $20,000 in you pocket to spend on something else. But you could turn around and sell the home and be left with a portion of the $20,000. There would be selling costs, so it all would not be profit.

Suppose you wanted to take your profit as soon as possible so you put the home on the market, but it took six months to find a buyer. Your six mortgage payments would eat up some of the $20,000 along with other normal selling costs. Even so, chances are you would still have a nice profit and all because you negotiated a below market purchase price.

What if you decide to find a tenant and rent the home for a couple of years? Oops! During those years the local economy falters and real estate in your area actually goes down in value by about 10%. That means your property is now worth about $90,000. Since you paid $80,000 you are still in a comfortable position… and all because you were smart enough to buy below market.

What if you find a house you would like to own, but the seller will only lower his asking price by a few thousand dollars. You need a little better deal to have a profitable investment. As part of your offer ask the seller to pay for your non-recurring purchase cost. Those expenses would include pre-paid interest, taxes, insurance impounds and so forth.

Lenders will allow 2% to 3% in seller-paid costs on a conventional loan. That means that you would be paying less cash out of pocket, or even no out of pocket costs if it were 100% financing.

The seller would pay those costs out of the proceeds of the sale. It’s a painless expense for the seller since those expenditures are all items on a closing statement and the seller does not have to write a check for those costs.

This tactic is the same as getting a discount on the purchase price. Remember, as an investor your goal is to buy below full value and this is one little way to do that.

Now I must make a confession. For the last couple of years I’ve been able to buy nice homes in

nice areas for full value and still make a fat profit. In my area prices had been climbing by 20% to 35% yearly. I could find a motivated seller, give them $1,000 to cover moving costs and buy their home by taking over the payments. Within 12 to 18 months I was able to sell that home and cash out for a profit of from $30,000 to $90,000.

Yes, it was an exciting time , but very risky. By paying full value there was no room for error. If values had plunged I would have been in a tight spot. So… the best practice is to always make your profit when you buy. You do that by buying 20% to 30% below market value.

ABOUT THE AUTHOR

Mark Walters Author. Mark is a 3rd generation real estate investor, author and all around entrepreneur. You can get access to his Free videos by going to http://www.CashFlowInstitute.com and http://www.CreatingWealthClub.com

Find Out How To Get The Very Best Deal From An Original Creditor

There are lots of very good articles that explain how to
negotiate with debt collectors, but far less that explain
how to negotiate with the Original Creditor, which is
something that calls for a very different approach, and is
something that if not done correctly, will most likely
spoil your chances of making the very best possible deal
with them.

But before we get into how to negotiate with an original
creditor, we first need to establish if that’s who you’re
dealing with.

Your debt is most likely still being held by the original
creditor if,

a) The credit card company is still managing your account

b) You are less than five months in arrears

c) Your credit card accounts have not yet gone out for
collection

Of course the simplest way to make sure it to call them,
but you must write down who you spoke to, the exact date
and time, and what they said, and you will have to note the
same things every time you speak to the company from now on.

While it’s generally good to never call a debt collection
company, the opposite is true when it comes to the original
lender, because it’s not harmful to call, and you’re never
going to work out a deal if you don’t talk to them.

We will now explain,

1) Why the original creditor will nearly always be willing
to negotiate

2) How your credit rating will be affected

3) How to get the best possible deal from the company

But please be forewarned that the whole process is far from
easy, very time consuming, and very stressful because the
credit card companies designed it to be that way.

After you read what’s involved, and if feel like you’re
ready for it, then give it your best shot, and if you stick
with it and persevere then you’ll likely save yourself
thousands of dollars.

If however you don’t think you can manage it, or won’t be
able to stay the course, then consider visiting a BBB
(Better Business Bureau) debt settlement company or credit
counseling agency.

Why, When, And For How Much Will Creditors Likely Settle?

1) The original creditor will need to be convinced that
it’s better to make a deal than to force you into
bankruptcy, and the closer he believes that you are to
bankruptcy, then the better the deal will be.

2) You’ll have to be between sixty and ninety days behind
with your payments, and the creditor will more than likely
check your credit report to see if your just as late paying
your other lenders.

3) Thanks to the current financial crisis which is causing
huge numbers of defaults, foreclosures and bankruptcies,
the vast majority of credit card companies are far more
willing than usual to negotiate with clients that they fear
might default, and the majority of them will now agree to
settle for between 35-40% of the total debt owed, and
although some are agreeing to 50% it’s an exception rather
than the rule.

When dealing with collection agencies and debt collectors,
you must get something in writing confirming the amount
agreed upon as full settlement, but you’re unlikely to get
a similar letter from a credit card company, and to the
best of my knowledge, you won’t ever need one.

How Should You Pay The Company?

If the lender will let you pay with cashier’s check or
money order then that’s what I’d recommend, but if they
insist on you making your payment over the phone then I
sincerely believe that it will be fine, and some people
even pay them with a credit card

How Will Your Credit Rating Be Affected?

After you make your final payment, your credit report will
show either “settled” which is best, or “charged off”, so
try to get them to agree to “settled” at the beginning of
your negotiations.

If you’re credit rating was previously shot to pieces then
you won’t be very adversely affected, whereas if it was
excellent, which is unlikely, then it will take a big hit.

The Negotiation Process

In spite of anything and everything that you might have
heard or read to the contrary, credit card companies aren’t
obliged to help you, and the best way to approach them is
using a calm, confident, and upfront approach, and whatever
else you do, never ever try to bully them.

You got yourself into this situation, so don’t expect the
lender to be sympathetic towards you, because he won’t be.
What you want will cost him a lot of money, and he’ll only
agree because he sees no alternative.

The person on the other end of the phone hears lots of hard
luck stories like yours all day long, so please spare him
yours, because if you don’t he or she will simply mentally
disconnect until you finish your tale of woe.

Don’t rush to play the bankruptcy card, because although it
might force the lender into making some concessions, it
will also totally change the mood from one of negotiation,
to one of confrontation, and you’ll likely end up with less
than you might have otherwise gotten.

About the Author:

The author of this article was a film producer, and award
winning film sound editor for many years. One of his
primary interests is economics, and one of his websites ->
http://get-financial-help.org features a large number of
extremely popular articles about the world’s economy in
general, and bad debt loans, debt consolidation, debt
settlement, and bankruptcy in particular.

Examining Equity and Value

By Jewell Hardin

What is the difference in equity over value when it comes to loans ? Equity in all aspects is the fairness of the loans worth. In other words, when lenders offer loans they expect a sort of security known as collateral. The collateral is expected to be fair by measuring up to the loans worth. The purpose is to provide security to the lender, since if you fail to meet payments, the lender hopes when selling your home on the market that he will make up the difference of the defaults on the loan amount borrowed.

Thus, when considering home equity, make sure you can meet the monthly obligations, since failure to do so can lead to foreclosure, repossession, bankruptcy and even court judgments.

Thus, if you are considering home equity loans, you may want to consider the value of your home. How much is your home worth in equity? How much money do you intend to apply for? What is the purpose of the loan? Can you afford to repay the loan monthly without risk? These are all questions you should ask when considering home equity loans to avoid loss.

When you are considering home equity loans, you are venturing to put your home in a slaughter bin. If you fail to meet the monthly obligations, then the big dogs repossesses your home and markets it for profit. Thus, taking such a risk again requires great consideration.

Finally, if you are searching for a method to payoff debts, it always makes sense to get quotes since this is an idea for helping you to compare rates, interest rates, terms and conditions of the loan, and so forth. And of course, don’t forget to read the fine print, since pertinent details will almost be guaranteed to underlie the words.

Personal Credit vs. Business Credit

“It’s not what you don’t know that will hurt you.  It is what you don’t know that you don’t know which will.”

Before we get started, let me just say that I am neither an Accountant nor an Attorney.  Please contact a Tax and Law professional to get legal advice specific to your situation prior to acting on any of the information presented in this article.

Most people are familiar with Personal Credit and what disciplines they must follow in order to maintain a good FICO Credit Score.  Actions such as low revolving balances, always making payments on time, utilizing different types of credit, and the length of your credit history all play a major rule in determining your Personal Credit worthiness.

If leveraged properly, Personal Credit can be very useful in further increasing an individual’s net worth by wisely investing the borrowed money.

Did you know that just as there is Personal Credit, there is also Business Credit?

Similar to Personal Credit which applies to an individual’s credit worthiness, Business Credit applies to a company’s credit worthiness.

There are some similarities between Personal Credit and Business Credit, however in all actuality the Business Credit world is a whole another ball game.

Firstly, Personal Credit is tied to an individual’s Social Security number as opposed to Business Credit which is tied to a company’s (LLC, C Corporation, S Corporation, etc) Tax ID number or FEIN (Federal Employer Identification Number).

As an individual you can only have one Social Security number for your entire lifetime however there are no limits to how many companies you can own, each with a unique Tax ID number.  So, there is only so much personal credit an individual can obtain, but there is virtually no limit to how much a company can obtain in Business Credit.

Secondly, Personal Credit worthiness is monitored by the three major credit bureaus; Equifax, Transunion, and Experian.  However, the majority of Business Credit worthiness and reporting is conducted by a company very few know of, called Dun & Bradstreet.  Unlike the major U.S. based credit bureaus, Dun & Bradstreet is primarily based out of the country and operates very differently than Equifax, Transunion, and Experian.

There is a certain method to structuring a company in such a way that allows for the maximum amount of Business Credit.  If you don’t follow this methodology, it does not mean that you will not receive Business Credit, it just means that it may take you a lot longer and you may not receive as much.

The truth of the matter is simple; leveraging OPM (Other People’s Money, i.e. Business Credit) can allow an individual to launch, grow, and expand a business in a much faster manner than having to save the same amount of money themselves.

A friend of mine, Dustin Mathews, was able to obtain a $93,000 in just 3 months using a company less than a year old.  He was so intrigued by the entire idea that he asked his mentor who helped him in obtaining the large amount of credit if he would be interested in starting a business of educating people on how to go about receiving large amounts of Business Credit.

For a limited time, Dustin is offering a FREE eCourse, valued at $99, called “How To Get The Money You Need To Launch Or Expand Your Business Without Going To The Bank!.”  So if you think you can benefit from obtaining the education necessary to obtain large amounts of Business Credit to launch or expand your business, be certain to visit Dustin’s website, www.kingofunsecuredloans.com for your FREE eCourse.