@@jeromemaldonado I’ve been in construction last 9 years and the last year been learning about real estate development and understanding multi family compared to single family different ball game
I'm also in real estate as a pml and I received my funds to do my lending only from business credit cards! But I consulted with guys who done it a hundred times because I had no idea what to tell the banks when I walked in.
Guys what he's saying is absolutely true! Im a private Money lender in real estate and I used the banks money to lend on real estate projects such as fix and flips and brrrr method deals. If you wanna know howmi did it i have some specialists who done it for me. I had no idea what to tell the banks and they were able to get me about 3 times more than i wouldve got on my own
Wow. Nice Video! Great content. Keep it up! I’m just starting and I’m in the education phase of starting the business with my eyes on a couple pieces of land / property. This is just what I needed because it affirms my plan I have written out for myself. And to hear it from someone experienced is great!
@jeromemaldonado, what are the best banks for revolving line of credit? Do the banks do line of credits for any type of business? Ground up, House fliping? What is the real interest rate should we expect on the revolving line of credit these days?
@@deborahbanuelos did you business in any municipality you need a business license to construct you need a contractors license with the exception of a few states
Hello Gerome I need to tear down 1 property because its 100 year old. I own it for 10 years. and need to rebuild it. How can I get a small loan under the corp?
Hi Eva. Jerome's video above did an excellent job of explaining step by step of how to get financing under your corporation. He even wrote out the steps. It's a lot of info for new investors, but, you can do it.🙂
@@evafranco7888 follow the steps that I laid out in this video. Those are the step-by-step processes. It does take a few months. Happy to help. Let us know how we can assist you.
@@jeromemaldonado hello Jerome, I feel honored about your reply. What I need is funds (it's the challenge) my S Corp. has credit cards excellent history, but the rental is barely enough to pay me a small salary plus property expenses. I make not much in my part time, and I'm trying to get a biz line of credit. That will be for 45k plus some savings. I'm in Los Angeles county. What do U suggest ? Appreciate it
Is every new project under a new formed and separate LLC?… In that case, would the business credit be built on a parent company that oversees all your projects as subsidiaries?
@@cheerio3579 you didn’t watch the whole video that’s why you’re putting ignorant comments up for my content. I’ll teach you what the real story is and what the real game is play the game to play the game.
@@jeromemaldonado What is ignorant about my comment? I didn’t say you don’t know the business! I just questioned the steps! I watched the entire video and you made it sound easy to get a line of credit! So why are you getting mad because I spoke the truth?🤔
Gonna be honest with ya, yes the bank isn’t going to deny you money as a new business, however that’s if you go into the bank and ask for money without telling them where and what that money is supposed to be doing. If you go into the bank with a sure shot plan and detailed explanation of what you are going to do then they will infact give you a loan no matter how new your business is
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Business line of credit is one of my favorite products for real estate investing and for my REI clients!
Thank You. No gimmicks, no funny business, no flashy stuff, just free game. SUBSCRIBED !!
@@GoldenEraPharaoh 🫶🏼💪🏽💪🏽
I love how you explain this in a simple manner. I have followed these steps. I am at the point of applying for a business credit card.
@@stanmcclure229 💯💪🏽💪🏽💪🏽
I’m just learning about business credit I have a 1.5 acres that we just got approved by city to rezone sf2 for 6 duplexes Great video
@@stephentorres6115 perfect perfect love that you’re active in the game
@@jeromemaldonado I’ve been in construction last 9 years and the last year been learning about real estate development and understanding multi family compared to single family different ball game
I'm also in real estate as a pml and I received my funds to do my lending only from business credit cards! But I consulted with guys who done it a hundred times because I had no idea what to tell the banks when I walked in.
Love this guy, he is underrated but he sounds very professional looking forward to building my credit to fund projects. Thanks
@@jnx6650 💯🔥🔥
Last year I flipped duplexes n 4 plexes trying to scale with just me behind the wheel is harder than getting business credit ! Lol ty
@@johnpulley8509 always bro
@TruckingWithTee yes, depends where your market is tho.
Guys what he's saying is absolutely true! Im a private Money lender in real estate and I used the banks money to lend on real estate projects such as fix and flips and brrrr method deals. If you wanna know howmi did it i have some specialists who done it for me. I had no idea what to tell the banks and they were able to get me about 3 times more than i wouldve got on my own
@@johnunderwood7786 thank you
This is great information, you filled in a lot of the gaps for me. Thank you for sharing!
@@drasho24 yes
EXCELLENT!! 🏅 🥈 👍
This is a great road map
Subscribed
@@herbie3939 🙏🏼🔥
Ladies and Gentlemen, that was a great video. I’m pumped. I wanna get into the game now! Thanks Jerome
Any recommendations on which state should I open the LLC? Does it matter were you get the address to create the LLC?
Great video!! Thanks for sharing!
Do u need a contractor license to build a home for resale with an llc ?
Wow. Nice Video! Great content. Keep it up! I’m just starting and I’m in the education phase of starting the business with my eyes on a couple pieces of land / property. This is just what I needed because it affirms my plan I have written out for myself. And to hear it from someone experienced is great!
@@seanebanks764 hit me up to your journey. Would love to see you crush it, bro. Congratulations on pushing forward.
Awesome ❤
@jeromemaldonado, what are the best banks for revolving line of credit? Do the banks do line of credits for any type of business? Ground up, House fliping?
What is the real interest rate should we expect on the revolving line of credit these days?
Very informative!!! I like the strategy of temporarily keeping my job to pay off bills and help to build business credit!
@@SkylivingMusicGroup 💯
Can I open my LLC let's say in Montana and just buy properties in Texas just fine?
Please get a virtual business address before applying for credit.
What do you mean by a business license? As a contractor? 🤔
@@deborahbanuelos did you business in any municipality you need a business license to construct you need a contractors license with the exception of a few states
Hello Gerome
I need to tear down 1 property because its 100 year old. I own it for 10 years. and need to rebuild it.
How can I get a small loan under the corp?
Hi Eva. Jerome's video above did an excellent job of explaining step by step of how to get financing under your corporation. He even wrote out the steps. It's a lot of info for new investors, but, you can do it.🙂
@@evafranco7888 follow the steps that I laid out in this video. Those are the step-by-step processes. It does take a few months. Happy to help. Let us know how we can assist you.
@@jeromemaldonado hello Jerome, I feel honored about your reply.
What I need is funds (it's the challenge) my S Corp. has credit cards excellent history, but the rental is barely enough to pay me a small salary plus property expenses.
I make not much in my part time, and I'm trying to get a biz line of credit. That will be for 45k plus some savings. I'm in Los Angeles county.
What do U suggest ?
Appreciate it
Is every new project under a new formed and separate LLC?… In that case, would the business credit be built on a parent company that oversees all your projects as subsidiaries?
@@gambino617 how long turn holdings are under separate LLC’s if your building and selling, they can all be done under One LLC
This cool but it big piece missing 🤪
What’s missing
💯
Ain’t no bank giving a new business a line of credit to build anything unless you coming in the game with plenty of money or collateral!!!😅
@@cheerio3579 you didn’t watch the whole video that’s why you’re putting ignorant comments up for my content. I’ll teach you what the real story is and what the real game is play the game to play the game.
@@jeromemaldonado What is ignorant about my comment? I didn’t say you don’t know the business! I just questioned the steps! I watched the entire video and you made it sound easy to get a line of credit! So why are you getting mad because I spoke the truth?🤔
@@cheerio3579 like I said, you didn’t watch the video in its entirety. The answer to your statement is in the video if you watch more than 30seconds
Gonna be honest with ya, yes the bank isn’t going to deny you money as a new business, however that’s if you go into the bank and ask for money without telling them where and what that money is supposed to be doing. If you go into the bank with a sure shot plan and detailed explanation of what you are going to do then they will infact give you a loan no matter how new your business is
You need 2 years right off the back to even qualify.
I left a loan a long time ago
I hope you are well. I always follow you, to make your brand known on UA-cam platform, I think UA-cam Video SEO service is very necessary for you. If you accept this service it can bring a good result for your business. thank you
There is no money in have that few rentals.
💯