How an SBA Loan Can Make You Rich

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  • Опубліковано 28 сер 2024
  • Don't be scared to invest in commercial property with an SBA loan, you can make so much money!
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    #realestate #investing #realestateinvesting #houseflip #finance #business #loan #lasvegas

КОМЕНТАРІ • 46

  • @ZirTeeth
    @ZirTeeth 2 роки тому +21

    Ha ha! This guy is legit. He’s my neighbor and gets things done. Guys, listen to him.

  • @SeanPGribbons
    @SeanPGribbons Рік тому +13

    I thought you had to occupy the majority of the building with your business?

  • @mk810
    @mk810 Рік тому +14

    How did you buy it for 1M if your neighbor is worth $3M?
    That’s the part that made you rich

  • @Caruurtaofthekorn
    @Caruurtaofthekorn Рік тому +3

    You left out this part. Am I eligible?
    To be eligible for a 504 loan, your business must:
    Operate as a for-profit company in the United States or its possessions
    Have a tangible net worth of less than $15 million
    Have an average net income of less than $5 million after federal income taxes for the two years preceding your application

  • @alec7380
    @alec7380 Рік тому +5

    I wish youtube allowed audio comments so i could express myself through fart.

  • @keepdreaming227
    @keepdreaming227 11 місяців тому +7

    That’s interesting because I thought SBA loans were for owner occupied, not investment flips?

    • @XavierWConzet
      @XavierWConzet 7 місяців тому +3

      A small business administration loan??? Maybe you are confusing that with FHA?

    • @keepdreaming227
      @keepdreaming227 7 місяців тому +3

      @@XavierWConzet he said he bought this property with an SBA loan if it’s not owner occupied, how can he do that?

    • @Thatsher21
      @Thatsher21 4 місяці тому

      @@keepdreaming227 an SBA loan is a business loan. This is a commercial building.

  • @anthonyellis5696
    @anthonyellis5696 Рік тому +2

    How can I get this SBA loan to buy a business?

  • @lawncarelegends6745
    @lawncarelegends6745 Рік тому +1

    Bro how do you service the loan on a 3 million dollar property when its almost impossible to positive gear a house these days (without an existing portfolio)

  • @user-zc8pe6ep3w
    @user-zc8pe6ep3w 3 місяці тому

    Yes all this 🤞 yes lord all this I'm about to take off watch

  • @LxTxSURGE
    @LxTxSURGE 11 місяців тому

    who do you talk to when you want to refinance and stuff to take out your money and buy another property? the bank or your real state agent or?

  • @josephglenn4688
    @josephglenn4688 7 місяців тому

    DOUBTFUL !!

  • @vic9098
    @vic9098 2 роки тому +2

    How did you get it for 10% down I want to buy a multi family apartment can I go through the sba ? I don’t have a business should I create a LLC or what

    • @dwightbennett6195
      @dwightbennett6195 2 роки тому +2

      SBA loans are only available for owner occupied commercial real estate. So, the borrower/business owner must occupy at least 51% of the property.

  • @kingchristopherpaul477hutc8

    Blessed!!!

  • @solaira3154
    @solaira3154 Рік тому +1

    How is it an investment if it was purchased with a loan?

    • @rellsz527
      @rellsz527 3 місяці тому

      Once you sell it for 3 Million you pay the loan back what’s owed and you keep the profit.

  • @joshisawesom
    @joshisawesom Рік тому +1

    That's my last name on the building. Cool

  • @beautifiedbybeautybee4662
    @beautifiedbybeautybee4662 2 роки тому +1

    What if you want to purchase an existing multi unit apartment complex that’s for sale and are already occupied, would I be able to get funding to purchase the building

    • @valensnsabimana5965
      @valensnsabimana5965 Рік тому +1

      We wish to ask your service for loan I wish to ask you if a private company from Rwanda is allowed to get loan?
      Thanks

    • @browmaster2197
      @browmaster2197 Рік тому +1

      Your business entity must occupy at least 51% or more of the property plus have cash flow for 2 consecutive years or more to get approved plus 650+ credit

  • @wes1093
    @wes1093 10 місяців тому

    Please mentor me. I want to create generational wealth please. My children deserve so much.

  • @justinz830
    @justinz830 Рік тому +6

    Cool now i just need 250k -.-

    • @JayLupe
      @JayLupe Рік тому

      Why 250k?

    • @justinz830
      @justinz830 Рік тому +1

      @@JayLupe large loans as such need 10-20% down
      Or they will looks at your current business income and judge you
      If your business isnt pulling in 10-16,000 per month ull never get a sba or normal scalper loan for another over 450k-- and those are 3 year terms at like 20% interest

    • @JayLupe
      @JayLupe Рік тому

      @@justinz830 oh ok cause i figured only 125k since that is 10 percent of 1.25mil. Can i buy real estate with a sba loan? If so, what type?

    • @justinz830
      @justinz830 Рік тому +1

      @@JayLupe you can buy property yes if its in your business plan under your llc or corp
      And they will want 3 year pro forma / financials of yourself
      Credit score 680ish / and the downpayment
      And a sound business plan to how this will make money
      30 day process and roughly 50/60% success rate

    • @JayLupe
      @JayLupe Рік тому

      @@justinz830 thanks alot man, i really appreciate it

  • @HobbyZobby
    @HobbyZobby 7 місяців тому

    let's see you do a backflip

  • @sooofunny37
    @sooofunny37 Рік тому +1

    Is this new math?

  • @textPualjohnson001
    @textPualjohnson001 Рік тому

    It's rare to find grant approval program like that of Johnson Consultancy with such a good heart who's ready to help you out. This dude is a rare gem, I hope it's a miracle that announces a new bypassing path, not the last goodbye to.
    Thank you for being with me with good skills getting me approved for a grant.

  • @bigcitydreamz4444
    @bigcitydreamz4444 6 місяців тому

    I always miss the part where they get the 10% to be able to invest.

    • @Thatsher21
      @Thatsher21 4 місяці тому

      Usually businesses that qualify for SBA loans for that that amount of money have super solid financials to begin with. He was obviously a successful businessman before he obtained that loan.

  • @deuteronomy27miraculousmin68
    @deuteronomy27miraculousmin68 6 місяців тому

    Do you have any single friends

  • @Emilly-sotto
    @Emilly-sotto Рік тому

    I appreciate what You’ve done for Me Mrs Patrisiah Just a random thought come to my mind that I have to thank you for being so kind for the $70,000 Grant payment you added into my balance to set up my business.and thank you for making my life better there’s No one like her I’m so grateful thank You•

  • @textPualjohnson001
    @textPualjohnson001 Рік тому

    Now I understand the reason why people keep recommending johnson Consultancy because he's a good man and legit when it comes getting people approved for grant. His attention to detail and drive to produce top-quality results has proven extremely valuable to in the process of getting my grant form approved.

  • @Sarah-wilson
    @Sarah-wilson Рік тому

    I'm successful today because I never stopped trying when I fall. I gather my self enough courage and energy to take a bold step and rise again. There's so much Joy when you're progressing financially. My life is sweet now because of Mrs Patrisiah wonderful and excellent Grant service. I received some of $80,000 Payment from her service to start up my small business May God keep blessing her works abundantly as she helped me start my career business she's the best among others

    • @thebaxsquad7445
      @thebaxsquad7445 Рік тому +1

      Hi, i also hoping to start a small business in my community. I just don't know where to gather my capital.

    • @Sarah-wilson
      @Sarah-wilson Рік тому +2

      Patriciatannerhelped
      Gma!L

    • @Sarah-wilson
      @Sarah-wilson Рік тому +2

      You can contact her through her maîl

    • @Sarah-wilson
      @Sarah-wilson Рік тому +2

      I was able to get and received my loan through her service she’s the best professional grant applications writer

  • @volvotruck01
    @volvotruck01 Рік тому

    Lier