Anyone use these guys?

Question

Synergistic Investments, LLC

Saw this in one of my Linkedin groups. 100% financing for investors.Just wondering if anyone has used them or knows anything about them.

Also open to any other ideas or ways to generate the funding needed. I am located on the North side of Houston. Thanks in advance for the advice.

Jay Hinrichs · Answer

@Sean McCrory @Joel Owens

based on this reponse from the owner of the company its just another credit card facilitator.  There are no Banks that are going to give a newbie or one that does not have a lot of cash assets or track record any kind of line of credit or 100% financing this is the Credit card arena.. I am not an expert on this but form what I have seen from other bP posts these folks just shop you around and get you a bunch of credit cards at various banks nation wide. and that can be fine and good gives you cash to get going but not a true line of credit or a bank loan.. I don't know about the rest of America but I have LOC's with a bank and its not easy and it takes a lot of track record   some major cash in the bank and the trust of your banker

Joel Owens · Answer

Never heard of them.

Anything providing 100% financing be very skeptical as I haven't seen that happen for years.

If they ask for a bunch of fees to process stuff or hold for deposit etc. run the other way.

Jay Hinrichs · Answer

Account Closed   we are stuck in Algebra 1 and your talking calculous

John Terry Nicasio · Answer

Account Closed Unfortunately we have our program and we can't change it.

John Terry Nicasio · Answer

Account Closed No we don't. Our credit lines are unsecured therefore they are not secured to any asset.

John Terry Nicasio · Answer

@Marvin I don't understand what you mean by that. Don't get me wrong I know the concept of the AND and OR Gate I'm a Computer Engineer. But asset based loan is different from unsecured loans. We have both programs and we fund an average of 7M per month.

John Terry Nicasio · Answer

@Jay Hinrichs,

You are right and I agree with you. For a start up company or a newbie real estate investor, it’s usually hard to obtain funding and capital for your business. Statistically, 4 out of 5 new businesses fail after the first year. That’s why most lenders or banks view the process of funding for small business owners as very high risk. Consequently, a newcomer to any sector of the market will have a hard time getting approved for loans.

Most new business owners try to look for checkbook lines of credit or SBA loans. While these are valid choices, the problem with these types of loans is that they require an excellent personal credit score usually within 760 and above, as well as an established business with good cash flow every month. So if you’re a new business, even when you have an excellent credit score you will still not qualify.

Some small business owners resort to trying to get personal loans, but these loans typically look at debt to income ratio. And since most small business owners are self-employed and don’t have personal income and tax documents to support this requirement, they usually don’t qualify as well.

What can you do instead?

One of the most overlooked sources of funding for small business owners are business credit cards. While you still need to have good credit to get approved, they’re not as strict as traditional checkbook credit lines.

Additionally, this option doesn’t have a debt to income ratio requirement so small business owners can still qualify even if their income isn’t that high. Another advantage is that these business credit cards often have 0% APR for the first 6-12 months (if you know where to apply) as opposed to checkbook lines that charge interest from day one.

One might argue that these business credit cards can’t be used the same as cash; this simply isn’t the case. The fact is, there are a lot of ways to draw money from these accounts that aren’t known to most people. One simple example is that these cards, when handled properly, can provide checkbook balance transfer checks, with often 0% interest for 18 months that you can use the same as cash. As suppose to check book credit lines that charges you interest the first day you draw from it.

Usually, you can only apply for one or two of these type of cards at a time because banks will see the inquiries and applications. However, a good way to get around this is by applying for multiple cards at the same time. When done right, the entrepreneur can get business lines of credit totaling to up to $150,000.

Just because your a newbie doesn't mean you cannot be creative and find alternative ways of funding. I did this method myself several years ago and I've had a lot of success with it. I know purchase bulk properties and NPNs. I will be more than happy to provide reference with other investors that went through our program and is now very successful to those who are interested.

I explain it more in details in my blog:

http://www.fundinganllc.com/2014/09/24/the-most-ov...

John Terry Nicasio · Answer

Hi Joel,

My name is John Terry Nicasio, I'm one of the managing members of Synergistic Investments which own fundinganllc.com

We do not charge any upfront fees whatsoever. We only bill the client our one time success fee once they get their business lines of credit and they can pay using their lines.

Regards,

John

John Terry Nicasio · Answer

@Jay Hinrichs:

You are certainly entitled to your opinion. And I respect your point view. But since you asked:

Here are 9 reasons why clients should work with Synergistic Investments:

1. There are 5 major underwriting houses in the US that underwrite over 10,000 different lenders. If you submit applications to 5 different banks that are underwritten by the same house, you will only end up with one approval, and several wasted inquiries on your credit report.

As a result, you won’t be able to get approvals from other banks for unsecured credit for at least 12 months, due to the number of inquiries you have obtained.

Synergistic Investments knows which banks to apply to depending on what state you’re in, which banks pull from what credit bureau and which underwriting house a certain bank uses.

2. Does the client know which banks offer business credit cards that report only to the business credit bureaus? There are thousands of business credit card products, and many of them report to the personal credit bureaus. The banks you apply to will not tell you if their business credit cards report personally or not.

Synergistic Investments already has established relationships with lenders that report ONLY to the business credit bureaus.

3. Does the client know which Credit Bureau each lender is going to pull from? If you send out applications to 5 different banks that all pull from the same credit bureau, it is likely that most of your applications will be denied because of too many recent inquiries.

Synergistic Investments tracks where each lender pulls credit from, so that we can spread the inquiries between the three credit bureaus and get maximum approvals.

4. Do you know which banks to submit applications to first?

We track which banks are more sensitive to credit inquiries than others. There is a specific order that we submit our lending applications to get the best results.

5. Some lenders require existing relationships before approving you for a business credit card. If you do not know which banks require existing relationships, you will waste an inquiry on your credit report, without an approval.

Since Synergistic Investments already has established relationships with lenders, we can maximize your chances of approval.

6. We guarantee that all accounts approved in our program will come with a 0% introductory period for 6-12 months.

7. Synergistic Investments tracks each lender’s requirements, where they pull inquiries from, and who they are underwritten by so we can get maximum approvals for each client, as quickly as possible.

8. Synergistic Investments obtains over $5,000,000 a month in unsecured business credit approvals. This is what we specialize in.

9. Once approved, we will also send you a list of techniques that past clients have utilized to draw funds that they can use the same as cash (without paying high cash advance fees).  This will allow you to utilize the accounts in a similar manner to a checkbook line of credit.

John Terry Nicasio · Answer

@Jay Hinrichs,

This statement is definitely not fair. First, the interest of the cards after the 0% intro rate is 8.99% - 14.99% not 21%. Secondly, I do not control how each client will handle their business credit cards, I'd like to think they will manage it properly and use it for each project repay the lines and then use it for another project. But it's up to them how they want to use it. Your assuming every american will just use the lines for whatever max it out and let themselves drown in debt. I would like to think that this is not the case specially with savvy and smart real estate investors.

How am I responsible for helping them out when they use the lines irresponsibly? Certainly anyone can misuse the funds or loans given to them weather its in a form of a business credit card, a check book line of credit, a personal loan or any other form of loans.

Anyone use these guys?

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