Epic Real Estate Investing - Bridging the Gap with Amber Gantz | Episode 201

Episode Date: April 18, 2016

Today Matt welcomes Epic Fast Funding team member, Amber Gantz, to the show.  Amber explains the simple process of how investors can access unsecured funding to use as they see fit.   Whether you need money for a down payment, gap funding, marketing, or rehab materials, Epic Fast Funding may be the solution to your capital problems. With a risk-free pre approval process, low fee structure, and access to funds within 7-10 business days, there is little down side!  In fact, in just over a year Epic Fast Funding has approved over $13M to listeners of this show!  Are you next? ------- The free course is new and improved!  To access to the two fastest and easiest strategies to a paycheck in real estate, go to FreeRealEstateInvestingCourse.com or text “FreeCourse” to 55678. What interests you most? E.ducation P.roperties I.ncome C.oaching Learn more about your ad choices. Visit megaphone.fm/adchoices

You've got the knowledge. Now, get the funding. It's simple. It's easy. Go to Epicfastfunding.com. Get up to $150,000 in revolving credit lines for your real estate business. Use your funds for property purchases, renovation expenses, marketing and promotion, anything your business needs. Go to Epicfastfunding.com. Fill out their 60-second application and receive your funds in as little as seven days. Epicfastfunding.com. When you combine wisdom and leverage, magic happens. Epicfastfunding.com. This is Terrio Media. Casting from Terrio Studios in Glendale, California, it's time for Epic Real Estate

Investing with Matt Terrio. Hello, hello, and welcome. Welcome to Epic Real Estate Investing, the place where I show people how to escape the rat race using real estate. Just got to shift your focus from making piles of money to making streams of money. Change that one thing just one time and you are on your way. You are going to escape the rat race with that mindset. It's not the most exciting path, but it is the fastest.

And once you get there, life then becomes exciting. And speaking of excitement, congrats to Kenny Schumann for closing his first fix and flip. Post a copy of his wire inside of the Academy's private Facebook group. Congrats to Sean and Phil. They closed the deal this past. week and posted it inside the academy. And Robert Ablor just picked up a smoking deal that he's about to fix and flip.

And River Huang locked up a piece of land this past week and already has buyers lined up. Jared Logan closed a $10,000 deal last week. So, exciting things happening inside the Epic Pro Academy. And congrats to Ferdinand, Anthony, and Philip for closing deals over Cashflow Savvy last week as well. And one of the tools that many of the academy members are using, as well as most of the people, most of the people working with Mercedes over at Cashflow Savvy, are the lines of credit that they're getting from Epic Fast Funding. These funds are being used for general business

expenses and marketing, but I'm noticing more and more they're being used to take down properties. And once those properties are taken down, they're fixing them up and they're selling them for full retail. And Mercedes has a really great system working where these funds are being used to take down cash flowing properties and then doing a cash out refi, of which people are getting anywhere from 80 to 100% of their capital completely back out of the deal and then lining everything back up again and pulling the trigger and put an add another property to their portfolio. So big shout out to our partners over at Epic Fast Funding for connecting the dots for so many of our members and our clients' businesses. It's really been a great venture. I think we're

approaching just over $13 million in funding for the Epic community. Been a great success. It's helped a lot of people. And on the phone, I have one of the people at Epic Fast Funding that is bridging the gaps and making this all happen for the Epic community. So please help me welcome Mrs. Amber Gantz to the show. Amber, welcome to Epic Real Estate Investing. Thank you, Matt. Glad to have you here.

And I want to talk about because I know that you've helped a lot of our clients here or a lot of our listeners in the Epic community. I think we're over like $12 million funding. since we started working together. And so we've helped a lot of people really move their real estate investing business forward. So thank you for that. Oh, thank you. You bet.

And, you know, a lot of things that come up are, we get questions. You know, we're partners in this, but we're not really the most qualified, I guess, to handle the technical questions. And that's what you guys bring to the table. And, you know, where, let's back up a little bit. Let's go over a little description, I guess, to refresh your memory of someone's hearing this for the very first time. Can you just tell us a little bit about the company and the arrangement that we have together? Yes, absolutely. So what we do is we help your clients get

unsecured funding that come in the form of credit that we can show them how to liquidate to cash at zero person interest for 12 to 21 months so they can use it for their real estate deals. We're completely credit based. So as long as you have good credit, you don't need any kind of company history or any experience, as long as you have good personal credit, then we should be able to help you. Perfect. Perfect. And then up to, I guess, what would you say is the best goal since you're talking about credit-based?

What would be the lowest credit score that someone would have to have for you to consider helping them out with credit? Yeah. I would say, we use a website called Credit Nav. So on Credit Nav, I would say at least a $6.50 on one of your bureaus, we'd be happy to take a at your credit. Usually, if people have below a 650 on one of their bureaus, it's because they probably filed BK or something where, you know, they probably won't qualify. Got it. Got it. So around 650-ish, if you're that or above, you've got a shot, right?

That's correct. A good shot. Perfect. Okay. And then what would you say is the average amount, if there is an average amount that your clients get approved for? Sure. On average, our clients get between 80 to 100,000. Obviously, like I said, it is based off your personal credit. So if you have outstanding credit history, we obviously have had clients get, you know, upwards of 200,000, but it is not super common, but it is possible. Got it. Okay. Perfect. You know, I think this is such a great marriage for my audience is that, you know, I teach real estate and investment. investing and I demonstrate the various ways that I've built my portfolio for 100 units now with almost very little of my own money and I have yet to get a bank loan and I've done it through all you know very creative strategies creative financing strategies so I would say like you don't really need money to do the real estate that's the easy part but when it comes to you know generating

the leads and and running your business that's where you might need some financing or some money because you got to run your business so you need your marketing materials you need you pay for the postage you need earnest money deposit that sometimes when you're engaging in a transaction. You need down payments if you happen to score a seller finance deal, whether it's gap funding, so you're in between flips or something like that, or even for the rehab itself. So you do need money.

Like, where you don't need money, but it sure helps if you've got some, is what I'm trying to say. So this has been a great marriage for us and helping people progress. And one of the things that comes up all the time is, yeah, but what about the fees? What does it cost? Like, all money comes with a cost, first of all. So I'm not saying that this is a free service. It's not. I mean, you guys have to stay in business, and so you collect the fee.

But it's just a different way of the way you guys collect fees that I think confuses people a little bit. So can you explain the fee structure a little bit? And then if we miss something, I want to expound on it to put everything in a perspective. Yes, absolutely. How our fees work are. We're a completely flat rate-based fee structure. So that means that no matter if you get 40 to 50,000 or 180,000, you're paying the same fee.

That's because we're doing the same amount of work per client. The amount of funding you're getting is purely based off of your credit. So each approval will just be higher if you have outstanding credit and a little bit lower if your credit's not as strong. So how our fees work are, it's a $495 applicant. fee to start. And then when you hit our guaranteed amount, it's a $3,000 credit establishment fee. So that $3,495 will cover you for, you know, whatever your approval amount is in credit. So if, you know, like Matt had mentioned, you're looking to do marketing, pay for postage, you know, or pay for the rehab materials, then you only need credit to pay for, you know, those options. If you're looking for a down payment, for gap funding, anything else that you need cash for,

then we do have an optional program, or it's called our consulting program, where we will show you how to turn the credit into cash at the 0% interest for 12 to 21 months. So that consulting program does take you for a year. It is an additional $3,000. However, we will help you liquidate the funds. funds to cash at the 0% and within the 12 months that you're with us, if you're able to pay down your cards again to 45% of the limit, we will be able to put you through a second round of funding. Those cards will also be 0% for at least another year. Got it. Got it. So if they follow

those rules and pay their cards down and get approved for this second round of funding, is there an additional fee? There is no additional fee for the second. Okay. as long as they pay for the consulting. Got it. Okay. So if I figure this out correctly, so if they, you know, took on all of the services that you provide,

we're looking at about $6,500. And if they follow the rules and the guidelines, as you just explained them, and that could be zero percent interest on the actual credit itself for more than two years, maybe even three, if you got an additional, you know, 18 months of zero percent.

Am I, is my math correct? You are correct, Matt. And on top of that, once you learn the program, you can actually pretty much learn how to extend this 0% period indefinitely. So, you know, we obviously only put you through two rounds of funding if you take advantage of the consulting. However, once you learn our program, you're going to be able to take advantage of that 0% yourself. You know, if you use everything correctly, indefinitely. Got it. Okay.

So really, if they just went through the two rounds of funding, we're looking with just because your fees are up front, I think that might scare people or that they see a little flag goes up and which I think is ridiculous. Because if you really do the math, just take the pluses and the minuses, you're looking at 3% money. Yeah. On average. I mean, you're just, you're paying the interest up front, basically. Well, yeah. So because there's zero percent interest, then, you know, if you're just calculating on average based off the fees, then sure. Just to be clear, technically our fees are not up front.

You're not paying until you hit our guaranteed amount. But as far as real estate is concerned, yes, you're not doing any deals yet. So I can see where you're coming from. Okay, right. Perfect. Okay, so about the fees, you brought up a good point that I forget all the cool things that you guys do to help our people. Nothing up front. And there is a guarantee of at least $50,000.

And if you don't hit that guarantee, you don't pay anything. Is that accurate? That is accurate. Okay. And you still get the credit. That's correct. Okay. Perfect.

I needed to clarify that because I get these questions and I'm like, uh, the be, B B B B B B B B B B B B B T. trying to figure it out. So, um, all right. So that I just want to put that in perspective for people that those fees. And if you just do the plus and minuses, you average it out over time,

you're looking at just about the cheapest money out there available. And if you take on the consulting and you learn how to keep these plate spinning, so to speak, of this 0% interest, that just gets better and better and better, right? That's right. Okay. Very good. I love it.

Anything I forgot to mention here? Do we cover it? Yeah. The only other thing I think I would like to add is just that, you know, in this kind of funding, you're not putting down any type of collateral. So, you know, your home, your car, whatever asset is not up for risk. So, you know, God forbid is something where to go wrong, you know, you at least have really no risk except for, you know, the impact on your credit. Right.

Got it. Okay. And then, so the approval process or the application process, they go to Epicfastfunding. com, fill out the online application, and then what happens? And then somebody will give you a call within 24 business hours. Okay. And then that process, that's how long does that call take? Oh, it's just a five-minute call to schedule you a call with one of our consultants who can go over what your approval is with you.

If you have any contingencies you need to fulfill and kind of go over the entire program with you in detail. Okay. And then once that the client and you guys reach an agreement and you decide to go forward and do business together, how long does it typically take for the client? for the client to receive their funds? From the day that we start applications, it should only take a total of seven to ten business days for you to receive the credit in the mail. And then from there, if they only need the credit,

they're good to go. They can feel free to use that as they please. But if they are looking for a consulting, that will take another, you know, I'd say three to four weeks, minimum to liquidate the funds to cash. and then they can actually use it for real estate itself that have enough liquid to use it for the real estate. Absolutely.

Got it. Perfect. All right. So what are, I don't know, we sent a lot of people through and, you know, we've got, I don't know, a couple hundred, maybe a few hundred now of satisfied clients. And we have a lot of people that actually get approved and don't follow through. What are you finding the most common reason that they don't? follow through.

To be honest, I would say most of the time it's clients who, you know, might maybe listen to your podcast and are very, very interested in real estate, but then they don't follow through with funding because they're not following through with, you know, the real estate transactions. Got it. Okay. Very good. Super.

And again, no upfront fees. There's like really no risk to go through the process to see if what you qualify for. that is correct so there's really no risks to anybody out there that's listening you know if you just want to see if you can get qualified if you have a real estate deal in the future you know it's probably a good option just to see even if you don't want to do it right this you know minute we can still qualify you and let you know how to keep your credit so that in a month or two when you are ready then you know you can come back yes so so why wouldn't everybody them anything. It doesn't cost them anything. I love it. Okay, well, Amber, you've been an absolute pleasure. Thank you so much for shedding some light on that. I just had some questions from the audience that I wanted to get answered by you directly. So thank you for taking time out of your busy schedule to do that. Absolutely. Thank you so much for having me. Okay, Amber, take care. All right. Bye-bye. All righty. We'll see you next week. I'm Matt Terrio,

living the dream. You've been listening to Epic Real Estate Investing, the world's foremost authority on separating the facts from the BS in real estate investing education. If you enjoyed this show, please take a minute to visit iTunes and share your thoughts. Thanks for listening. We'll see you next time here at Epic Real Estate Investing with Matt Terrio. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.