Stuck and trying to get unstuck
Hello BP Nation,
I have a weird question I'm hoping to get answered. So I am closing on my first property which is a fha owner finance triplex this august which is great to me but going on this pace with only a 3.5 down payment will only get me so far on hitting my goal which is to retire me and my wife in 7 years with passive income of 7 thousand a month. I know that my only way to reach that goal is to buy and hold and find ways to do creative finance. I have look up different way and one that caught my attention is business credit card to obtain property. How can I obtain business credit card without no business. I was thinking making my self a sole proprietor while I have nothing much to lose gain a few business credit card to build my business credit up then convert to a LLC. Will this work and are there other/better ways to gain more property under my belt with creative finance. I have no family to gain loan from nor do i have friends with high credit score or money.