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Updated about 2 years ago on . Most recent reply

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Manuel Moreno Jr
  • Flipper/Rehabber
  • San Diego, CA
9
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26
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Just Opened My First Business Bank Account, what should I do next?

Manuel Moreno Jr
  • Flipper/Rehabber
  • San Diego, CA
Posted

My goal is to get more lines of credit to one day use for my property expenses and let my cash flow pay of the debt. Eventually potentially use to invest in more real estate. Any other recommendations would be great. 

Thank you! 

  • Manuel Moreno Jr
  • Most Popular Reply

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    Greg Scott
    #5 General Landlording & Rental Properties Contributor
    • Rental Property Investor
    • SE Michigan
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    Greg Scott
    #5 General Landlording & Rental Properties Contributor
    • Rental Property Investor
    • SE Michigan
    Replied

    Honestly, you will get a much bigger payback by focusing on your real estate itself, finding good deals, running your properties correctly, and selling when the opportunity is right.

    Early in my investing career I bought a cheap program on how to build lines of credit by creating an LLC and running business transactions through it. After several years, the amount I could borrow was a pittance compared to cash my real estate was kicking off.

  • Greg Scott
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