All Forum Posts by: Jaye Seay

If you were to use the cash advance features, are there any limits to how much cash you could get?

In other words, if you took a cash advance from your AMEX card, could you get a cash advance for the entire $75k?

Do you have to set up another business entity (like an LLC) to move the business credit converted to cash into in order to make the real estate acquisitions? This would make it a business to business transaction.

Thanks Corey. I'll check out the webinar.

@Justin Sheley and @Corey Robinson Thanks for creating and contributing to this thread!  I had been thinking about using Fund & Grow but was unsure how to practically use the credit lines to actually purchase and rehab property.  I wasn't able to find much information about this until I found this thread.

I do have a question though.  How is it that this doesn't affect your personal credit?  Does a credit inquiry from Fund and Grow or the banks show up on your personal credit report?

If you were in the middle of a personal loan for a primary residence or something like that, should you wait until that is closed before engaging Fund and Grow?

@Rachel Bier Did you use leverage for all 7 properties? If so, did you use conventional financing or a private/portfolio lender? Thanks for sharing your experience.

This is an awesome thread. These stories are very encouraging. Real Estate isn't easy but it is definitely worthwhile.

I would also like to hear from investors who recently used Fund & Grow. I heard about this company on the Morris Invest podcast and it sounds like a good strategy. 

I'm curious to know how much funding clients have received and how this funding could be used to purchase investment property.

Many thanks in advance for any replies.

So your $85k rental property has Section 8 tenants? Just curious as I thought Section 8 tenants generally rented lower priced properties.

No quotes yet. I have just found that they are portfolio lenders. I believe they have their minimum terms and conditions on their websites.

I'm considering a strategy where I would purchase turnkey properties all cash and then once rented, do a cash refi and repeat the process.  This is one strategy that I have come across that I think could help me grow my portfolio faster.

I have engaged with conventional lenders but I think I would need private/portfolio lenders to execute such a strategy.  I have discovered two portfolio lenders that might be able to help; LimaOne Capital and Peak Asset Lending.

Has anyone recently completed a cash refi with LimaOne Capital's Rental 30 program?  If so, was it a fairly smooth process with them?

Thanks!