Digital Social Hour - Credit Hacking & Section 8 | Derek Boone, Kenneth Smith & Ramel Newerls Digital Social Hour #106

Episode Date: September 15, 2023

On today's episode on The Digital Social Hour, we set down with Derek Boone, Kenneth Smith & Ramel Newerls to discuss credit hacking, section 8 housing and how to make money off storage lockers. BUSINESS INQUIRIES: [e-mail] APPLY TO BE ON THE POD: https://forms.gle/qXvENTeurx7Xn8Ci9 SPONSORS: HelloFresh: https://www.hellofresh.com/50dsh AG1: https://www.drinkAG1.com/DSH Hostage Tape: https://hostagetape.com/DSH --- Support this podcast: https://podcasters.spotify.com/pod/show/digitalsocialhour/support Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

what was your credit when you started 520. holy i was at 400. okay so there's someone worse than you yeah could people just open up llc's every day and just get credit yeah you can open up an llc every 24 hours also i got a friend right now i believe my friend has a 72 llc i know amex i've seen some crazy like someone spent like 200k on a swipe yeah the highest limit i've seen was like uh 900 000. four different american express credit cards at like eight to nine hundred thousand dollars Welcome back to the Digital Social Hour, guys. I'm your host, Sean Kelly. Got three guests for you guys today. Mogul, Boone, and Smitty.

How's it going, guys? What's up? What's up? What's up? Thanks for having me. For sure. I'd love each of you to give a quick intro and then we'll jump into it. Yeah.

So I'm Smitty. And I'm specializing on the credit side. So anything to do with getting your business capital, getting your business funded, anything about leveraging, turning credit into cash in any type of way or form, that's what I specialize in. I'm a master art on the credit side, be able to leverage it, use it, get access to funds and things like that. And that's me. Nice.

Yeah. My name is Rob Mel. They call me the young mogul. I was raised in Brooklyn. I specialize in teaching how to go out there and buy self-storage facilities. So I teach them how to do it with no money down strategies, creatively coming up with the capital in different ways to go buy assets. And more importantly, being able to make multiple streams of income off one acquisition. That's what I do. My name is Boone, D.S. Boone, Philly. to go buy assets and more importantly, being able to make multiple streams of income or acquisitions.

That's what I do. All right. My name Boone Diaz Boone Philly. I'm a real estate investor, but I specialize in helping other individuals buy single family properties, duplexes and triplexes. But more importantly, how to do it with using someone else's money or not having a lot of money or not having credit at all. When I first got started, I had the worst credit on the planet. So I was able to build a huge portfolio without needing credit in the beginning.

So I showed people how to do these things. Nice. So what was your credit when you started? $520. I went to Penn State Avenue and they kicked me out and they charged all the bank tuition back on me and I went to collections. Holy s**t. Starting out the gig, I was shocked.

I was in 400 bro okay so there's someone worse than you yeah i i paid at least one bill on time yeah i ain't i ain't never been that low so yeah with that you paid no bills i paid one bill on time all right so is that why you started fund your freedom yeah so um more more of that was because we're showing people how to get into real estate no money out of pocket was because we're showing people how to get into real estate, no money out of pocket. And then my guy shows them how to go ahead and get access to a hundred thousand dollars in business funding. So we put the gap, put, come together to really get that, to really fund your friends. So that funding buys hard assets and those hard assets like

rental portfolio pays money every single month. And that money can go ahead and clear out your bills. So imagine you got a car note, $ month the average american says if they don't have a car note anymore or they don't have to pay rent anymore or they have to pay car insurance anymore shoot the average american says that they have an extra thousand dollars a month that would change everything for them so right we use those that funding to buy assets and those assets pay your bills which all essentially funds your freedom that's a good partnership because you help them get funding right yeah so the problem what has been for me is they'll come to me and they'll learn the credit game to be able to leverage it to get funded but then they the second component would be okay all right smitty i learned the game from you i can

get funded 100 200 000. all right what do i do with the money so then now i had to do some work you know and then collab with people who are doing things that my people can invest the money in. So what's perfect enough to invest the money into real estate? And so I got to do, you know, residential and then we do the commercial with Moog. So now we have two components where my people can do once they get funded. So now we have a like we got like a two year blueprint where you can, you know, build yourself a seven figure portfolio. You follow the steps from from beginning to end that now you can get access to the money now you can invest it on the front now you can go into the big dog game with the

commercial real estate but now you have a real blueprint plan and you're not just stuck with oh i got this money what do i do or go do some dumb stuff with it we can do some smart stuff with it well made all you guys come together because it seems like you're good at what you do and form like a super team almost. Yeah. Yeah, so, you know, as you start to grow and you get into business and you're doing different things, you realize that there's not a lot of people

around you that's motivated. There's not a lot of people that's going to help you grow. And I was in New York the only one that was making six figures, seven figures, and I needed to get around new people just to help me get to that next level. You know, so I went on Instagram, right? And I see boom, he's in Philly. So Philly, New York, that's just a two hour drive.

So I sent him a DM a few times. I sent him a DM a few times. He left you on read. Yeah, well, he responded. But yeah, we're going to talk today or talk tomorrow. You know how that just kind of a back and forth right but we finally was able to get together you know we talked about it we spent some time together we put together a class and we had I don't know how many people we had in that class over a

hundred people in the class that we did okay it was so much value so much impact and from that point on we kept doing more things and then me and Svedi we was actually in a mentorship together nice and I seen how much he was doing right just off of ebooks and getting people funded and um you know we just said let's do something together you know let's put together you know fund your freedom so we can collab bring our talents together and that way we'll have more impact but not even that the biggest thing is like the chemistry yeah we get on live together jump on a phone call together go out of town together and it's like we've been friends for 20 years so that's what really kind of forced it because you know a lot of times you know somebody does something you do something it might work but when y'all start blending that's when it's really

like okay we got to do this yeah that's dope so how were you guys able to eventually get to 800 and how do you teach people to raise their credit score how you get to 800 yeah uh um basically it's the profile man so a lot of people are stuck on the credit score, and that's what the mass really think about it as, I got a good score, I'm good, I'm lit. But in reality, it's about the credit report. So what I mean by that is you have to have a well-built-out credit report, and it has to be strongly built. So the problem is that people – credit reports are too thin. So what we could do is you'd be able to get more accounts more things

you know auto loans you know primaries we got pledge loans with navies we got like stuff like self and credit strong everybody know but just to be able to know how to build out the credit report completely first before we actually uh you know try to think about our score but building out 800 credit score is basically you gotta have more accounts you gotta pay a lot of things on time you gotta start letting your things on your credit profile age so that means like i can't have all these accounts on here for one month i need to have these accounts on here for two years three years four years so then now we can start hitting every component on the credit score profile meter that means that you're hitting everything that they want you to do to have a great credit score

and then you'll have an 800 credit score yeah is there ways to increase that or like speed up the age process rather than wait yeah so uh you know if you got like a grandma or a mom they can add you on as authorized user to their credit card that they had open for 10 15 20 years and then once they add you on to their credit card as authorized user now you get the benefit from all the history that they did that they pay all those on-time payments for all those years if you get added on as authorized users to their credit card you get the benefit off the history from that and then it it boosts up your age history on your credit report because because that car goes into your credit report as if it's yours nice yeah mogul how did you get in the self storage industry and how were you able to make tons of money in that space i don't hear much

about it yeah it's a hidden gem i call it the hidden gem of real estate yeah um so i started out in residential just like boom right so i was buying two families three families four families and i had a million dollar portfolio by the time i was 28 years old i had 40 doors but as you buy more properties then you have more tenants you have more maintenance there's a lot of things that come with it and in 2020 the pandemic happened so when the pandemic happened a lot of people lost their jobs right we seen the economy take a you know downward spiral and i had a good amount of tenants that stopped paying their rent right because we couldn't evict them due to the eviction ban you can't evict them for monetary reasons and i was buying in low

income areas right and i was debt heavy to be completely honest with you i had mortgages to pay but i wasn't getting the cash flow because some of my tenants wasn't paying any rent so i started to think on my feet and figure out how could i make some more money so i started selling off a lot of my properties in 2020 and the crazy thing is the market was like sky high at that time right people was paying 20 30 000 over asking price so there's one property in particular it was a two family and i had a tenant in there one was vacant and the other apartment was a tenant in there he wasn't paying his rent but i had a buyer that offered me 20 000 more than what i was asking he just wanted me to deliver the property vacant so i went to the tenant i

said hey i want you out you know i'm going to give you cash for keys so i gave him two thousand dollars i said just leave i don't care what you gave him money to move out i had to give him money because i knew i needed to i had to figure it out right it's like i mean have you stay here not pay me but i need to sell it so i can get my money back right so he agreed to the two thousand dollars to leave but then he wanted me to put his items in the storage unit for 90 days so while he transitioned and i started to call a bunch of storage facilities in my area everything was sold out everything was and i'm like i need to get on this side of the business right why is every single unit sold out that's

when i got on youtube and google i started looking into some storage i found his mastermind i went out paid fifty thousand dollars and i'd learn this whole new word of some storage. And then with the money that I flipped that property on, I'd use that to work, buy my first facility, which was an 88 unit storage facility in Pennsylvania. And they started to just build from there. Right now we got over 500 units right now. That's insane. And you guys had in three years, you guys seen those storage shows where they sell them?

Storage wars. Yeah. That's a real thing. That's a real thing. Yeah. So, so so so i went to tennis yeah this is going youtube type of storage wars yeah people find rare stuff right so what happens is um you may have somebody that you know has written out a unit god forbid somebody passed away right but that person passed away their items are just stuck in their storage unit or um somebody get arrested or somebody just don't pay any bills as the owner of the self storage I have what we call it's called lien laws so we put a lien on the unit

so if you don't pay us now we're gonna do an auction well we do the storage auction that's when you have people that come in a bother stuff they buy the entire unit yeah you pay you might pay 20 30 100 bucks 200 bucks and whatever is in that unit is yours have you ever done that have you sold any yeah we've i've done auctions and then um someone someone buys it but now whatever's in the units there is i don't get nothing out of it besides um whatever whatever i am owed as far as whatever that tenant owes me i'm liable to give back whatever i'm old but anything profit wise it goes to the auction company and whoever buys it,

they just take the items inside the unit and they go flip it. Whether it's couches, I know I've seen people buy couches, flip it, TVs, different things that's in the unit. They take it and go flip it because they get it for cheap. Yeah, it looks fun, honestly. Yeah. I know that. Yeah. That was worse. Yeah. Boone, where do you find your houses?'t use that. That's a real thing.

Boone, where do you find your houses? You were able to build up a huge portfolio. How are you finding good deals? So we do it two different ways. Well, now we do it two different ways, but before we did all our stuff off market. So what we'll do is we'll go to this website. It's called onlinejobs.ph.

That's where we find our virtual assistants. So what a lot of people do, they do something called cold calling. Yeah. I personally don't like cold calling. Yeah yeah that means you get a list of 100 to 300 people and you're calling all day long and you want to sell you want to sell you want to sell so i'm big on how can we still get a lot done truthfully how can we be more effective in less time so what we did was hire some a virtual assistant and then pay them 150 for the week and they call all day long five days a week 40 hours 150 to 200 a week you pay 200 for a little more higher end

virtual assistant and 150 for like the newbies but somebody that's qualified that's been doing this for a couple years got their resume strong 200 and someone in english sounds like chris right so they're calling all day long and once they go make those phone calls out of each day let's say they'll get three to five that actually do want to sell and they pass them on to me and then that's when i go ahead and actually talk to them actually lock that property up that's how we finding them another way you guys can do it now is by going strictly on the market right now the industry is a little slow as far as for like sellers wise but not buyers investors

so when these houses sitting on the market for months and months and months that's when somebody you can just go in and just say look listen i give you 30 40 off of whatever you're asking for but if your house is sitting for three four months you at this point you're like shoot i'll take it or like his example his example he had a mortgage on the property so he paid a thousand dollars a month like who wants to pay example he had a mortgage on a property so he paying a thousand dollars a month like who wants to pay a thousand dollars a thousand dollars a thousand thousand a month for you like look listen i'd rather just take ten thousand twenty thousand dollars off because the way it's looking this might go another year so i'm gonna just bite the bullet and take it

out now right versus later down not to mention if the economy gets worse then i might be in a worse situation so a lot of people just jump and ship now which for people like me that's perfect i literally just got two properties under contract the other day the same strategy i just went to market and just lowball somebody and they said look listen i just need this off my hands and you were able to buy these not even using your own money right you figured out how to use other people's money so it's funny um uh the one of the houses i'm buying right now we utilize something called hard money lenders so hard money lenders do something called asset based lending so they don't necessarily care so much about you they care about the asset we

lend enough of the asset so when you the only catches with hard money lenders a lot of times they ask for 10 to 20 down so if we get now it's cheap enough and the deal makes a lot of sense like this one exact deal i call my cousin my little cousin he's trying to get deeper in a real estate but he has a 780 credit score he already has business credit and everything so the damn payment we're going to need is about 18 000. i said hey look let me get you in your first deal you you put up the 18 it's in my name as far as the lender goes it's our experience so he's coming through with the whole damn payment and now when the deal closes we're gonna split the profit so this is one

of the ways that like i helped out that i got started i got started with but i did a lot in the beginning yeah because my credit wasn't that good to go and get large lines of credit and all different types of things so i would do partnerships like i did another deal like that where my cousin gave me thirty thousand dollars when everything was said and done i made 30 exactly like 32 000 i gave him back his 30 000 and i gave him another seven grand on top he never seen how it didn't do nothing so he made seven thousand dollars for free in a couple months didn't do anything a couple months literally yeah because we did the house in like four months do you fix and flip them or do you just we fixed it and we refinanced out of it.

Some of them we flipped. Nice. So now this is a way you can get involved and you don't need any money out of pocket. Just find somebody that has good credit. If somebody has good credit, you got $50,000 in available credit. But listen, we need $15,000 as a down payment. You bring the down payment. I'll cover the project.

I'll manage the contractors. I'll do everything and I'll get it sold. Wow. And when everything is done, I give you back your you back your original 50 plus whatever we agreed on top no money now this no credit is being pulled nothing is needed from you so this is ways people can get started without needing it all that stuff that's easy money man so what are the best banks and credit cards to work with if you're just getting started yeah the ones we like to go to is truest key. My favorite one that we've been using lately is NASA.

NASA. But right now, the household of big lenders right now is Chase. Chase has I don't know what they did in their system, but Chase has up the lending criteria on their business credit cards up to $150,000 on one credit card. Yeah, I was like

bruh. So now my clients are beginning to prove for like $50,000, $75,000, $150,000 on one credit card. Yeah, I was like. So now my clients is beginning to prove for like 50,000, 75,000, $100,000. Buy a house with that. Yeah, one credit card. So that one is like through a roof right now. But you know, everybody loves Navy Federal. I heard about one.

Navy Federal, that's like the house of- For cars, I heard that's a good one. House of high limits or for auto loans and things like that. Another one I like is PSECU. I can go all day but uh once you put yourself in position to meet the requirements man it's like a money isn't a problem no more yeah so money money not the problem no more when it comes to the credit game i love it so how do you take the money on a credit card say it's a 50k limit how do you take that and buy a house um okay so i guess they got different

strategies but uh i know it's a site that we use called plastique is where you can pay things as wire or things like that with your credit card it might take a little transaction fee yeah but uh plastique is a site that you can use your credit card to be able to do wires and transfers and stuff like i do piggyback off it um one of the things you can ask the credit card company they offer this without extra fees and this is something I specifically do with one of my credit card companies called a balance transfer. So, you know, you got a mobile app with the checking and savings and investments and everything. Yeah. All we literally do is like on my app, it's a Visa variable rate.

Like that's the Visa card. We just move it from that card and we just balance transfer to the checking account and go to the bank and get a certified certified check and then take that to the closing table about hours there's no like certain banks charge fees yeah certain like that's a credit union they don't charge any fees so i literally i can do it right now shoot shoot just move it right to the checking account because i got about 400k in credit cards limits i got you so for you like a business owner i put your own game what i'm about to start okay all right so a company uh we got to put our like people on payroll right yeah so a company adp adp allow you to accept your payroll but now they're allowing you to be able to pay your payroll out from directly from a business credit card really so now what you would do is you'll put yourself on payroll so if you're putting yourself on payroll you're paying yourself out

however much money a month yeah what you would do is have'll put yourself on payroll so if you're putting yourself on payroll you're paying yourself out however much money a month what you would do is have the payments come out of your business credit card that mean is getting the payment took from your business credit card but then it's transferring directly into your personal bank account cash now because you're getting paid out from your business so so what happens so what happens with that is every dollar you spend on payroll even if you're paying for yourself or your employees, you're actually making money while you're spending money because you get cash back rewards or rewards points of every dollar you spend. But then also you're liquidating the credit card. Now you can use that money in your personal bank account to be able to go. What's that site?

It's called ADP. ADP. So ADP. I'm setting that up when I get home. Yeah. Just put them on. That's one of the new ones nobody tell people about how do you guys use your points you got millions of points yeah right now I think I'm at

like nine hundred thousand which is equivalent to like nine nine thousand dollars okay one of the cool things I'm about to do with my rewards points is I won't be the first person to make a video about this too don't take my idea when this video I'm gonna buy a vehicle full out cash off my credit card rewards points oh i'm gonna go buy a ten thousand dollar car off my rewards points like like strictly off free money just because i run my life in my credit card instead of spending cash yeah strictly off it i'm gonna be able to buy a ten thousand dollar car my rewards point going back to the self-storage how much money would you say you need to get

started because you got to buy the whole building right yeah that's pretty expensive yeah oh it varies based upon like where you buying right so it's like any real estate you buy in you know california la right the price is gonna be higher you buy in new york so for me we like to go for like sub markets or rural markets so i invest in pennsylvania um ohio milwaukee like certain areas where it's sub markets we get cheaper so yeah for example we just purchased three facilities you pay 850 000 for it right um those facilities are worth 1.5 million and just as is just by acquiring it however we utilize sba so small business administration there's a loan it's called the sba 7a loan and that loan is specifically for small business owners, there's a loan, it's called the SBA 7A loan.

And that loan is specifically for small business owners that are looking to go buy businesses. So self storage is not only commercial real estate, it's a small business, which is why it qualifies for the 7A loan. But the cool thing about the 7A is that they only require you to come to the table with 10% down.

So an $850,000 facility, down payment is only 85,000 so we get with Smitty and he get us a hundred thousand eighty five thousand in credit cards and credit lines liquidate right we just talked about it now I can use that as my down payment and now I just purchased a self storage with no money out of my pocket that's not so then you got money coming in monthly from the rent right but let's not I want to get some more I want to use some more game okay right so we purchased the self storage facility with no money out of pocket we make money off the rents right I ran out the units but the reason why I love so storage even

more is because we can make multiple streams and one acquisition so not only do we make money with the rent we actually make money off insurance so every tenant that rents out a unit is mandatory for you to sign up for insurance so that there's a flood or there's a fire we're not responsible and you don't have to go in your pocket but we have a vested partnership with the insurance company where we get paid 30 to 50 commission off your insurance bill every single month wow so now we get paid also we partner with u-haul so as a tenant you know rents out a unit they may need transportation services. Yeah.

So we have U-Haul come in and they run the transportation business off the facility. I don't manage it. I don't run it. They do the entire thing, but they give us 30% commission. Right? And I could go on also, right? So I'm going to give you two more, right? No, there's more.

We also partner with the local moving company because a tenant that rents out a unit and they get transportation nine times out of ten they need to hire some movers right so we have a preferred moving company that we work with and we send all of our business to them and they give us 30 commission and then we partner with the local vending machine company put two vending machines three vending machines depending on how big the facility is but the vending company is responsible for filling up the machines with snacks or drinks, making sure the product is not expired,

collecting the cash, and give us 30%, right? So now we're able to make money multiple times off this one acquisition, and then now we're generating more revenue out of that facility. That's insane, man. With no money down out of our pocket. With nothing down.

This is mind blowing. Crazy. I mean pocket with nothing down this is mind-blowing crazy i mean literally nothing down and you're making five streams of income yeah that's crazy with interest rates so high how are you guys adopting that in the real estate space so um basically like what i said earlier just going ahead and tagging these properties but going in more discount but um also i want to i want to piggyback on that patet on something he said earlier as far as i want people to think like oh man every situation is going to be bad as far as like tenant wise which it does get rough but it's things that we're doing now to kind of combat that so one of the things we're doing right now when it comes to tenants we instead of just

getting a traditional tenant this is what we've been doing literally the last three four months we're going to different sites so right now i'm using furnish finders and i'm using vrbo so vrbo is like airbnb yeah so now but you got to do a 30-day stay so you're getting a month-to-month tenant so right now we have in three of our apartments we do furnish finders in two of them and three or three other apartments and i wanted to test it i've been doing like two at a time and now we're about to max out even more but with three our apartments they're literally back-to-back booking so we got somebody that's paying like for example somebody in the cash outs come right out like this one is 5400 this for three months just for one a one bedroom apartment because they pay more than the regular rent would be so now somebody in the air um vrbo pays you out ahead of time and it's insured you get it

all up front yeah so now they're still in there for the three months but the 5400 came out already yeah you hit the account so now it's insured everything is situated and i know a lot of people like oh but the unit has to be furnished what we did was we're reaching out know a lot of people like oh but the unit has to be furnished what we did was we're reaching out to a lot of people have airbnbs they've been getting shut down recently we're going like all the ones that on my furnace units I literally went to people that have airbnb units that's getting shut down y'all you two grand for the whole apartment tables chairs beds sofas cups plates and that's what i've been doing we just been literally buying some of my old stuff for two thousand dollars i think one apartment i paid three thousand off

this stuff wow harness the whole thing that place y'all stayed at we got game consoles and everything yeah paid three grand for the whole apartment the whole thing that's crazy and then put it right over on the site so that's how we kind of manage the things right now that's cool to see you pivoted because i heard airbnb uh owners are struggling right now yeah so we doing a vrbo or furnace finders that's when somebody just basically a traveling nurse they're coming in a different type of clientele a different type of mindset they're already working also on top of that they don't want to get messed up when their situation so it's a better yeah it's a better playing field yeah kenny one of this i wanted to add to the interest part right yeah you're talking

about the interest rates um because a lot of people get scared about real estate when they think about entry but it's actually as a buyer if you know what you're doing this is a better time because being at the entrance or higher people can't sell their properties for certain for the money that they thought they could because the banks are not financing for that amount because your mortgage payment is much higher now right so you actually have more motivated sellers where i can negotiate and get the prices down even cheaper so this self-storage we actually you know got it half price essentially right and we know that okay we're making money even at an interest rate of nine percent which that's the injury which is crazy but when the interest rates go down which it will at some point

we're going to be even more profitable right so the way to beat interest is just truly finding the great deal and still getting at a good price and making money on it and when it worked itself out you're still going to make money later on when you do refinance out whatever strategy you have yeah i got something even better okay with the interest rate i just thought about something dang you this is right this is off record but when the interest rate i just thought about something dang you this right this off record but when the interest rate is nine percent right the interest rate is eventually gonna go down we don't know when but it goes up and go down it's a part of the game so does the does the number the monthly cash from the monthly mortgage payment make sense right now yes makes sense right now so

let's say the interest rates drop down to 5%, 4%. The value of the building goes up. He can refinance and pull a couple hundred thousand dollars out of the building at the new interest rate. But now, because he pulled money out, the monthly mortgage payment is going to be higher. But because the interest rate is lower, it's just going to match up with what the rate is now. So now he's going to be able to pull a couple hundred thousand dollars out of the building right now and still have the same let's say this thing is five thousand dollars a month it's still gonna stay the same because he pulled a couple hundred thousand out at five percent yeah but it's the number that makes sense now so the numbers make sense now he's gonna be able to pull out all that money and still cash flow so i'm like i don't say free money

that's a bad excuse somebody take this and run with it. But essentially, essentially it is. That's insane because you put zero down and now you're able to take out six figures on a refund. As soon as the market changes. Yeah. Boom. I'll be able to put like three, four hundred thousand. That's a blueprint, man. That's a blueprint.

Yeah. So one of the things you do is credit funding. Yeah. So if you come to me and you got an LLC, you got a business and you don't know how to get funded. All right. Well, let's give you a done for you service. We'll get you the funding for you. But we have requirements you have to meet. So we got like, you know, 700 credit score, no negative items.

You already got to have two credit cards that have been opened up for a year to have $5,000 limits. This will put you in a position where you can go get the, you know, maximum amount of funding. We can go get you upwards $100,000, $200,000. If you have all that, you can get $100, you know maximum amount of funding we can go get you up where it's 100 200 000. if you have all that you could get 100k yeah you got an llc no matter if the llc is brand new one day old as long as you establish and probably llc with a good credit report we take the combination with the business with a good credit report and we go what i do is called business credit card stacking methods or line of credit stacking methods and we'll be able to accumulate you a large amount of money by stacking up different credit cards in different banks so could people just open up llc's every day and just get credit yeah you can open up an llc every 24

hours also i got a friend right now i believe my friend has 72 llc's so uh you got 77 million credit yes uh i mean he can get essentially you can get funded in any business so if he really technically wanted to sit down get business number one point two yeah he can really go get all his business funded and be able to accumulate literally largest amount of money so the cool thing about credit is it's to infinity yeah there is no cap to how much credit can get like literally people I think that's cool with some people had that is to infinity, but it's literally no cap.

Let's just say we get 10 credit cards. They all got $10,000 limits. We got $100,000. In two years, they all raise from $10,000 to $20,000. In another two years, they all raise from $20,000 to $30,000. It's literally to infinity. So you could keep going with like a million bucks? Yeah.

What? Yeah, 100%. That's crazy yeah i love credit yeah i know amex i've seen some crazy like someone spend like 200k on a swipe yeah yeah so those are those cars we got what's called no preset limit american express business credit card so that means that's deadly bro yeah over time whenever you spend the more you spend on the more they'll give available to you so you can up your limits you know i've seen something the highest limit i've seen was like uh 900 000. that's someone's like 600. i thought that was high yeah uh a guy in my mentorship group uh rtx scott and he got he got four of them at the

limit four different american express credit cards at like eight to nine hundred thousand dollars i mean he can literally go spend like two point something million dollars spend all of that and retire you gotta pay it back but that's why that's why he said yeah i'm saying yeah that's tempting but that's why you come to you know what we got set up which is we got a five-day challenge with us called fund your freedom and then that we can give you a blueprint where you can take that money that you can get access to but then we can invest it to the right places where you can either make money off that money and put that money back and even get access to more money once you pay it back so once they see that you trust it it says you're gonna pay us back they extend you more money and we keep investing and we just repeat this cycle man we just we're not trying to invent

something new we want to just go with what's working already don't try to reinvent the wheel just go with what's working you know Don't try to reinvent the wheel. Just go with what's working, you know, and do it to drill it into that thing that's making you a millionaire. Man, I like your model because all of you guys, it seems like it's low risk. Like you're using other people's money, other people's credit. You're not really risking. We got to be smart. We got to be smart.

You know what I mean? It could be risky if you're doing stupid stuff. Right. But if you lose the money, then it's. Also, it's like people can get started that's the biggest thing like we've all come together to help people get started because he always said it's easy to get a hundred thousand in funding versus saving a hundred thousand dollars like if i say you i got this great property it's a great deal you know we need a hundred thousand to buy it and then you're like okay i'm gonna save the house is going now the house is going

it's going tomorrow it's worth 200 i'm selling 400 it's going there but off a swipe or off a couple swipes and then i hate to say where it's right but i have a couple credit card move transaction but also just to piggyback on what he said you know having access to the credit but also for people that don't have high credit credit right now you can do partnerships like when i tell you all my credit was shot i've figured everything out when you go ahead and do partnership as somebody has a high credit score in the loc now the loc is going to get funded but now they're only using utilizing that person's credit score so if you have an 800 i have a 500 hey look listen we have an loc together but let's get this loc

funded we're gonna put you in an operating agreement higher than me some some banks I've done it as where we just put you first on the application they didn't even pull my credit so we didn't even change the operating agreement just on the app we literally put you down first they ran your credit and your credit was so good they didn't even need to go to the next name on the app we got 20 000 credit card just like that yeah so when I tell you this for people I don't want people to go to the next name on the app. We got $20,000 credit card just like that. Yeah. So when I tell you this for people, I don't want people to watch this

and like, well, I don't have 800, so let me just not watch this. Like while you're working on your credit, you can still make things happen now. You just got to be real creative. Okay, who can I partner with? Who can I do this? Who who has available credit can lend to me so I can buy this house or what can we come together and partner and you go first on the application. So many different things like that. I want to add to it as well because I

know a lot of people may be watching they may not have the best credit right yeah if you do have great credit yes you can go and get the capital but we also have ways where you can get money even with bad credit right so we teach different backdoor methods and strategies on how to go out there so you know I'll give I'll give an example right so one of these these new lenders is called fintech companies so these companies are giving out capital to business owners based upon transaction history based upon banking habits so they're not looking at your credit report they're not looking at your credit report they're looking at how much revenue or how much transactions how many deposits do you have coming in and out of your bank account right over the last 60 to 90 days so for me this is actually what i've done and this is how i when

i was working at a nine to five i was working at pepsi and i utilized my job and my job helped me actually buy my first six unit apartment building and what i did was i went on my direct deposit form online yeah and i just put my business account so that when I get paid every Friday it would go into my business account versus my personal wow so it's already being taxed already you know but now that that money instead of it going to my personal is in my business but guess what I'm showing transaction history every single Friday for 90 days straight now I have that transaction history in my business I go to a company like Blue Vine, right, or Hedway Capital, and now they approved me for $45,000, $50,000. I showed my credit.

Well, now I got $50,000, and now I use that as a down payment on an apartment building. An apartment building, I purchased it for $185,000, right? And now it's cash flow. And I did that with showing no credit. Even though I had decent credit, i didn't even show it i just leveraged these different strategies but i'm sharing it because i don't want anybody to count themselves out that's why we put together this virtual conference to show you uh multiple ways that we have good credit bad credit it don't matter you just gotta want it like do you really want to change your life and that's all that matters and we're going

to help you get into that next level where can people find you guys yeah so i'm on uh everything at smithy the goat and on instagram and underscore smitty the goat and on youtube that's made to go i'm on instagram mogul lifestyle underscore and on instagram d s b o o and e oh yeah thanks for coming on guys i learned a lot everybody really quick um let's fund your freedom.com yeah i'll put it in the description yeah that's one of your friends and we got uh we always got a cool ticket that we like to well first is uh the platinum ticket we advise everyone to go platinum platinum is like uh if you if you want them vip members okay you want to be excellent you want to get top extra calls extra q and a personal lives with us and things like that uh get access to like we got a private group set up for them and we can be in telegram stuff like that so we got some extra bonuses

people that join platinum you're gonna be a tip top service with us all right join platinum guys thanks for watching thanks for coming on guys i'll see you next time