All Forum Posts by: Ben Aaron

Hey  Daniel,

I agree with Charles here, If you are qualified to get those cards my agency help no charge up to 100K 0% APR.

I Just DM you

Yocheved,

Why should you by it all in cash you are missing the magic of leverage in real estate.
You can use a hard money lender to start with and we help with CC funding 0% APR so after the refinance you can pay the lender and the card back like you didn't risk your money.

Think what will happen if suddenly you will need the money unexpected 

I hope I understand your questions, I will base my answer on what I am doing.

I'm using a hard money lender for the purchase + rehab costs. For rehab, I sent him SOW with the budget and what I'm going to do. 
On the closing(using your example) it will show 60K for the seller and the additional 20K will show on the buyer as a credit( Will not receive it), this money I will get back after paying it and sending the lender construction draws. I'm using 0% APR for 12 months cards to fund it and helping my clients get it as well, After that once I have my tenant moving in I am doing the refinance 70% from ARV of 120K = 84K like that I'm paying back the hard money lender and I will pay the card and close the balance of the card.
Hope it answered your question 

Quote from @Ty Moore:

Quote from @Ben Aaron:

Ty,

I see you are buying it all in cash, You will make a profit but your ROI will not be high with a lot if risk in the project

 Thanks for your post Ben. Would you please elaborate?

Once you put all your money cash into the deal your return on investments which is a formula of:(Net profit/ Your capital into the deal) is increasing. You are missing the magic of leveraging in real estate. I AM NOT A FINANCIAL ADVISOR AND THIS IS NOT ADVICE OF TAKING DEBT OF ANY KIND. Just sharing the way that works for me, Without putting all my cash into a deal I can buy more.  

Ty,

I see you are buying it all in cash, You will make a profit but your ROI will not be high with a lot if risk in the project

Hey Paul!

will be happy to try and help 

Quote from @Travis Timmons:

@Ben Aaron cool...I'm sure that you do provide helpful knowledge for free. I'm not being patronizing or rude. I actually believe that to be true. This post is not that. It's a sales/marketing post to fish for leads. 

 Will be happy to connect with you!  

Quote from @Andrew Steffens:

My Amex bill is frequently over $100k a month - Amex is trickier as a charge card but it does give you a month "float" and the rewards are unbeatable.

Last year went to Europe and Dubai in first class and stayed in 5 star hotels.  $60,000 trip for 500,000 points + under $2,000 in taxes/misc

 Thats how to do it!!! 

Logan got it covered amazing!

I want to add that the ROI formula is looking also at the amount of money out of pocket invested in the project so if you leverage the investment with debt of any kind you will increase your ROI, as long you give it back...

Quote from @John Morgan:

I use 0% interest for a year cc all the time to buy houses. I’m doing it right now as a matter of fact. I took out 10k from one card (capital one) and 25k from another card (Citi). It’s free money so why not!? I’d rather put my cash in savings to use and buy more houses vs sitting on 50 or 60k in savings getting devalued with inflation.

 that's great!!!