Fund and Grow Step By Step Process


How to buy rental real
estate using credit cards and other creative financing. That’s today’s show,
let’s dive into it. Hey, everyone. I’m Clayton Morris, longtime
real estate investor. And I’m super excited
about today’s show. We have a really
creative way in order to buy rental real estate. One of the first
hurdles that people have when they get
into real estate, either they don’t know people,
they don’t know where to start, or they don’t have
any funding, they don’t have any money in
order to go out and purchase their first rental property. So they start
spinning their wheels, they think about bank loans,
they think about using their 401(k)– all of those can be
great ways to do it, but a really creative
way to buy real estate is using credit cards. Yes, you heard me
right, credit cards. So my guest today
is going to walk us through this entire process. And by the way, we’ve
built a website, we’ve built a landing page
at MorrisInvest.com/Funding. We’ll put it right up
here on the screen. We’ll also have links
right below the show so you can click on
it, and it’s going to save you money
when you sign up, we’ll get into that
in just a moment. But, when you walk through
this entire process, you’re going to be blown
away at just how easy it is to use credit cards in
order to pull money out of those business
credit cards and then to purchase rental real estate. We’ve done it,
we’ve had hundreds of clients that have
actually done it as well, and we’re going to dive into it. My guest today is Mike Banks. He is the chief operations
officer for Fund & Grow, and he’s going to
be here right now to tell us how it all works. Mike, great to see you. Great to see you, Clayton. Thanks for having me today. Absolutely. And it’s always
great to have you. You and I talk on
a regular basis, because you guys are always
doing some amazing things where you’re adding all kinds
of different functionality to make it even easier
for people to dive in and use credit cards to
purchase real estate. So why don’t we just
go from a high level? Why would someone– and we
actually started working together a few years ago because
you came to me and said, hey, we’ve got a great way that I
think people from Morris Invest that want to get started with
real estate and they don’t have the money could
actually get funding– maybe $50,000, $70,000, $80,000,
$100,000– from a business credit card in order to
purchase real estate, and I said, that’s brilliant. How is that even possible? And walk us through
that process. So just at a high level,
how is that even possible? Well, it’s really
straightforward and easy. We do all that work
for our clients and we set up the business
credit accounts for you. But basically, we
set the account up, we go through the
process of communicating with the underwriter. And then once that account is
approved and in your hands, you’re then able to follow
a couple different processes depending on exactly how you
want to use it to either get cash off of those accounts, or
you can send a check directly to a vendor– it could be to a
contractor if you’re willing to pay for rehab– but it also could be to a title
company or a closing attorney, or even potentially
Morris Invest if you’re looking to purchase
a property– a turnkey rental with review with Clayton. So there’s two
different ways to do it. One of the most popular ways
that our clients are doing this is through a website
called Goldmoney. Now with Goldmoney,
there’s a transfer fee of on average between 2% to 4%. And then once you set up
an account with Goldmoney, you’re able to essentially
get cash from the credit card. It’s sort of a process. It’s not as simple as just
swiping the card in an ATM and putting a pin number in. You do need to set up an
account with Goldmoney, and then you purchase
gold, and then you sell gold a few
days later, and then you get that money deposited
into your checking account. Because everybody knows
with a credit card, you’re usually not
able to just get a cash advance at a low rate. Cash advances are
extremely expensive, so these are work-arounds
to avoid the cash advance, and that’s one of the most
popular ways to do it. All right, so to be
super clear so people aren’t confused at all,
again, we on our website– and in order to, first of
all, go through this process, to sign up, it costs
a little bit of money. If you come through our website,
we’ve partnered with you guys so that folks will
save $500 just by going through our
website, which is great. You’ll pay an additional $500
if you don’t use our website. So we have the link
again here, it’s just MorrisInvest.com/Funding,
it’s right there on our page. You fill out like a little– just a few questions. And then you’ll get on
the phone with you guys, and you guys will walk them
through how this process works. So they don’t have to deal with
the Goldmoney thing yet at all. They have to start talking
with you guys first, then you guys will walk through
the process of setting up their credit cards. And this is what I
was blown away by, because people were coming to me
saying, OK, that sounds great. Now do I have to go out
and set up a business LLCs to get these cards? Do I have to do all
of this legwork? And you guys take care
of all that, right? Yeah. Exactly. So if you’re a new
investor, you don’t have an LLC or an
tax ID set up yet, you do need the tax ID
in order to get approved for business credit so
that you can keep it off of your personal report. So having that tax
IDs, that allows you to keep these
business credit accounts off your
personal report, which is really a big deal. If you’re carrying
$50,000 in debt, you don’t want
that business debt to show on your personal report. So we set up the tax
ID for you, that’s all included in the program. Now on our website, you’ll
see in the little dropdown menu, like, what is
your credit score. So kind of a credit
score do you have to be working with in order
to go through this program? Does that really matter
because you’re setting up business credit cards? But ultimately you
are the person, so they’re going to look at you
and your personal credit score, right? Yeah, exactly. Even though it’s a
business credit card, the lender still does
want to take a look at your personal credit report. So ideally your scores
need to be at a 680 and up to at least get approved. But for the larger amounts
on the business credit side, you do need to have
about a 720 credit score and above to get
approved within 30 days. And within 30 days, on average
folks get around $50,000. We have some clients
that have gotten $120,000, $150,000 the first
30 days, and then some folks, you know, a little
bit less than the 50, but on average, we’re usually
seeing right there around 50, between $40,000 to $80,000. And it varies based on
your credit history, that’s the most important factor. It’s not really so much about
what your business is making, it’s more about your
credit– it’s credit-based. And now what’s great about that
is that most of the properties like, for instance, that
we do at our company is– and I think that’s even–
when you and I first started talking a few
years ago, because you knew the average price
of the properties that we do, Morris Invest,
they’re going to be like 50, 60, you know, in
that range, 1,000, and so if someone is
able to get funding, that basically covers their
first rental property. But now I can hear all
of the people thinking, OK, that’s great. I’ve got $60,000
from you guys, right? Using these business
credit cards. I use the mechanism of either
maybe then buying the gold– that you guys walked me
through that whole process– or I do it another way,
now I’ve got $60,000 that I have on these
business credit lines, what am I going to do now, right? And that’s where we’ve
been working with folks, because we’re trying to
make sure that they’re buying one of those properties
that’s going to appraise, right? That’s going to be able to pull
money back out, that they’re going to be able to refinance. So a really smart B-class
property that has maybe the some of the appreciation
in the neighborhood, but that the banks
are going to like. So then you would go into
more of a 30-year loan after that, right? Is that kind of the process
that makes the most sense? Yeah, absolutely. So you get the
cash, cash is king, you can buy
distressed properties. And then once you
rehab that property and put a tenant in it, ideally
you’re going to want to refi and then repeat the process. So refi that into a longer term,
maybe an investment mortgage, and then repeat the process. We actually just had a client
do this and bought a duplex, and he’s already in process
of refinancing and repeating the process on
the next property. Right. So yeah. That’s what we would do. Yeah. And that’s exactly right. Now my wife and I, we
signed up for the program. And I was blown away. I mean, this is a
first-hand testimonial on how easy it was to
work with you guys. So go through the
process, we had our initial sort of phone call,
we walked through the process. And within I think
like two weeks or so, we already had a bunch of
different business credit cards that are showing
up at the house, each for different rates. Total I think we
got about $170,000? Because now both my wife
and I did it jointly. So is there a benefit in doing
it jointly versus just doing it by yourself? Yeah, absolutely. Just like you and
Natalie, you guys ended up getting a lot
more because of the fact that you teamed up. So we can apply
for both parties. If it’s a spouse, if
it’s a family member– doesn’t have to be a spouse,
it could be a mother, it could be your adult child,
it could be a business partner, and that allows us to get
double the amount of funding within a short period of time. So yeah, definitely– if you
have a spouse or partner, you can definitely
bring them in. And through Clayton’s
link, there’s no additional charge for that. Now if you were to go to our– if you were to go to our website
directly or call us directly, then there would be
an additional charge to bring on a spouse
or a business partner. Normally that would be
double the amount of money, but with Clayton’s link,
you get a $500 discount, and you save that
additional service fee for the second number. Great. So now some of the
changes you were excited– you called me last
week and said, Clayton, we’ve got some really
exciting changes now that make it even easier
to access funding. So I know you mentioned it a
little bit at the beginning, but let’s get a little bit more
detailed about that process. Now, we talked about
Goldmoney as a mechanism to be able to pull money out. Now how does that work? So using the credit cards
you’re purchasing gold, and then you’re simply selling
the gold a few days later. And you’re then– now it’s cash. It’s cash in your
account, so that’s how that transaction
works, right? But you’ve also talked about
some other mechanisms in order to pull that money out
of those credit cards. Can you walk through some that? Some of the changes
you guys have now made? Yeah, absolutely. So we now have a
new partner that allows our clients to
essentially charge their credit card and send a
check to any vendor. And this can be a home
equity line of credit. If you have a HELOC, you
can charge your credit card, send a check to your
HELOC to pay towards it, and then you can draw
directly from the HELOC. That’s one way to
use this vendor. And the name of this vendor,
by the way, is Plastiq. P-L-A-S-T-I-Q.com. And another way you
can do this is you can charge your
credit card and then have a check sent to any vendor. So any contractor, it
could be a contractor, or can be a closing attorney. We have clients
that have been using this for a couple of years now,
and they’re charging their card and they’re sending money
from their credit cards to their closing
attorneys so that they could put that money into escrow
for purchase of a property. So that’s another way
that you can do this without getting a
cash advance fee. Because that’s what
we’re doing here. We’re getting zero interest
business accounts– business credit lines,
essentially, and we need to avoid the cash advance. You can’t just to the
ATM and pull cash out, there is a little
bit of a process, but it’s well worth it. When you compare it to
the fees that you end up paying with other
sources of funding, you’re paying less with this. If you do the math
on $100,000, you include our service
fee as well as the fees that it costs you to charge
the card and send out a check– like with Plastiq, it’s 2.5%– if you do the math,
it’s like half of what you pay with a hard money loan. It just takes a couple steps. Right. And you might not
even get approval with a hard money loan, right? And that’s probably
why you’re turning to these creative
sources of financing. I have to say, what’s
exciting about it– I even forgot to mention
this right off the top, but yeah, it’s 0% interest. So you’re getting these–
a lot of these cards have a 0% interest for what,
six even 12 months, right? Or even 18 months
in some situations. So these business
cards that you’re getting when you’re purchasing
that rental property, using this funding is 0%. And then you have that amount
of time then to refi out into another form–
or a longer– a 30-year fixed loan
or a 15-year loan. So you’re not sitting on all of
this interest with a hard money loan, you’re like
at 12% interest and you’re paying like
three points sometimes? Exactly. I mean, if you do
the math on that, that comes out to like
$15,000 after 12 months. Wow. But with us, it’s
closer to like $6,000. If you do the math on $100,000,
you include the 2% to 4% fee to cash out or to send the
check, basically it’s half. So it’s a great tool
to have in your arsenal if you’re an investor,
if you’re new, if you’re seasoned, either way. You can use for contractors,
you can use it for rehabs, but you can also literally
purchase properties with it. Yeah, you can buy properties. We always say creatively–
and here on the channel– and we’ve talk about in a
number of podcast episodes here, there’s no one way
to do this, right? So I’ve used my 401(k)
to buy real estate. I’ve borrowed from my
401(k), not cashed it out. I’ve used Fund & Grow,
we got, like I said, $170,000 for funding
with Fund & Grow. We’ve purchased using an IRA. We had cash on hand. We’ve gotten
private money loans. So we’ve done all manner
of creative financing, and you can too, and this can
be just one arrow in your quiver in order to expand your
portfolio of rental properties. One thing I guess– I want to know more about
the credit cards themselves, the business credit
cards that you’re using. We’ve got a bunch
of different ones. I think we have like Chase. I’m not even sure. We just have– we had a bunch
of different ones arrive, and you told us, let us know–
or your company told us, hey, let us know when those
arrive, and we will then negotiate higher values or
higher amounts on your behalf. So that’s why you’re working
with a company like yours, is that you guys
actually get on the phone and then do some of the legwork
to increase the amounts. So tell us about that and why we
would work with you as opposed to trying to do this ourself? Yeah. That’s really a huge
benefit to working with us. When you apply on your own or
even when we apply initially, a lot of times, it’s not an
automatic approval of $50,000. A lot of times it’s a small
approval, like $2,000. Sometimes in some cases, it’s
not even approved at all. You start out with a denial. And a lot of people who apply
for a loan or a credit card, they don’t know that
they can negotiate. That’s what we call it–
negotiate the application. But essentially, we have
contacts at each bank that we work with who we’ve been
communicating with for 10 years now. When we get on the phone,
we review the application. We make a human being review
it because initially, it can be denied systematically
based on something like having too many accounts that are new. There’s a bunch of
different code modules that’ll pop up on your
credit report when you apply, and in some cases, even if
you have a 750 or 800 score, these minor things can
cause your application to be denied or approved
in small amounts. So that when we call in
and speak with our contact, we’re able to have
that reviewed, and nine times out of 10,
we’re able to increase it, most the time double the amount. So if it’s like initially
approved at $5,000, we’re able to get it
bumped up to 10, $20,000. In many cases we’ve got
clients getting $50,000 with one account with one bank. So that is a huge
part of our process. That’s why we’re able
to bring in $9 million of funding– new
funding every month, and that’s a huge part
of what we’re doing here. Also we incentivize
our team, many of which are ex-bankers– they used
to work at Chase Bank, Bank of America, and these
people are the ones I’m speaking with the
underwriters, the decision makers at the bank
on your behalf, and they’re the ones
that are incentivized to get you as much as
possible with each bank. And it’s funny that
we’re talking about this, because just the other
day a friend of mine applied for a loan, and he was
denied initially an auto loan. And I told him, call in and
tell him to put it in review. Speak to them about it and
explain your situation. He had good credit, he was
really denied for no reason. Puts in a review, they send
him the loan paperwork, and he gets it approved within
45 minutes of making that phone call. Where most people–
I just had to dial. Sometimes it’s just
a systematic thing, like the computer reviews
it, not a human being. Once you get it in the
hands of the right person, you’d be surprised how much
more funding we’re able to get. Like our clients start– in many cases they start
with a small amount the initial approval. We show this on the
webinar as well. We go and we show the
credit gained view. And the first column is the
auto approval column, and mostly all zeros. And then we follow up,
follow up, follow up, and we get increases– $20,000 here, $20,000 there. And that’s why clients are able
to get $50,000-plus in 30 days. And most people on
their own, they just don’t know– they
don’t know to do that. Now take me through that process
with the business cards now. Usually they’re 0%
for what, a year? Or 18 months or six months? I guess each card
is different, right? But there’s usually
a pretty good window? Yeah. It’s usually an average
of 12 months per offer. Every offer’s different. Some are 15 months, some are 18. We’ve got one offer
that’s 21 months, but on average, we’re at about
12 months, because some of them do come in at nine
months, six months, but the thing is, we work with
our clients for 12 months. Now there’s other
firms out there that don’t do that, they
just do one round of funding and they charge you
an arm and a leg. We don’t do that. We work with you for 12 months. And so you might get your
first batch of funding in the first month, right? You might get $50,000,
$80,000 in the first month. Right. And now on average
you’re at about 12 months of zero interest, right? But two to three
months after that, we’re going to do
another round of funding, we’re going to do another batch
of applications, as we call it. So we do that three
to four times. We repeat that
process three or four times over the 12-month period. And by doing that,
you continue to get new zero-interest offers, on
average each one’s 12 months. So towards the end
of the membership, when we do your last
round of funding, you’re getting another 12
months of zero interest. So in many cases what we’ll
do is we’ll merge accounts, Right. Or roll the balance
from one account that’s now an interest-bearing
card, we’ll roll that balance over to the
new zero-interest account. So when you do the math,
you can keep your balances at zero interest for
over the initial offer. So if the initial offer is
only nine months or 12 months, by going through our
program, you basically are extending the amount
of time that you’re carrying these balances
at zero interest. That’s what I was
going to ask you. It seems like– could you roll
them to zero in perpetuity? Or is this maybe just two years
is kind of like the window? But that’s still
two years, that’s plenty of time for you to even– even on a $50,000 house, you’re
paying it down significantly using the rent from the tenant. And then you’re not
even going to have that, you’re going
to have equity, you’re building up
equity the entire time. And then you could roll that
balance into these other cards or then into a 30-year fixed
loan with a bank, right? Right, exactly. And we have clients– many of your clients who sign
up with us for multiple years. Now you might go to
the program this year, next year you might want to sign
up again for another 12 months. Some people will take a
year off, come back to us two to three years in a row. It just depends on how
much credit do you want? This is something that we can
do for a few years in a row, but it’s not something that we
can necessarily just continue to do for 10 years in a row. So that’s why it’s
important for you to refi, use the credit for
a couple of years, and then down the road, come back and we
can get you your new accounts. Because in many cases we
can go back to the same bank and get a new offer
and even the same card, and then just close
the old account and start a new account
with zero interest. This is so exciting. I get excited about this,
because this creative way of pulling money. Someone’s going to stumble
across this podcast and someone’s going to
stumble across this video and they’re going
to say, oh my gosh, this is the answer
I’ve been looking for. And I can say, going through
it myself, and like you said, we’ve had so many
clients go through it, I think we’ve now– how
much money– you told me the other day for
Morris Invest clients, was it over $20 million? Or am I wrong in that
number that you’ve raised? It’s over $20 million now– Over $20 million
has been used by– that’s amazing. That’s amazing. It’s probably over 25
now because we do– Clayton sends a lot of clients. We’ve done hundreds of clients
over the last couple years. So we’re steadily
growing that number, and that was– the last time I
looked was about a month ago, and it was over $20 million. So that’s a lot of funding. We’ve had tons of
clients from Clayton come through our
program and they want to get in real estate, they
want to build passive income. And many of them
don’t understand how hard money works. And it’s really a process– you don’t always get approved
for a hard money loan. And even if you do, it
costs a lot of money. But this process is perfect
to buy a turnkey rental. I mean, I personally use this
funding in my real estate business as well for wholesaling
properties and covering costs on rehabs, purchasing
properties outright. Yeah. It’s a win for any realm
of real estate investing. And, you know, something
that Natalie and I are really passionate about, talking about
here on the show– trading interest for interest. I mean heck, we wrote a
whole book around this topic on how to pay off your
mortgage in five years. And by using a home
equity line of credit, by using that money in order to
pay off higher interest, right? So here you have a
situation with Mike and his team where
you’re getting 0%. You might not even use it to buy
a rental property, who cares? But you might have other
high interest stuff– maybe you’ve got a credit card
of like $5,000 on it on an 18% interest credit card. Why wouldn’t you use this? It’s 0% to pay off
that higher debt. Or maybe you have
a car loan, which is just crushing you right now. Or you have a student
loan debt that’s still lingering out there
that you could actually use 0% in order
to get this money off your books over the next
few months and take care of it for you. So a number of different
ways to use this, right? Yeah, absolutely. Even if you’re in– let’s say in
wholesaling real estate, you can use it to cover
your direct mail campaign. A lot of people spend 5,
$10,000 on direct mail. And then there are some
people who are only spending $1,000 or
$2000 and they’re getting limited
results, but if you have this type of
funding available, you can use it for anything. It’s not just for– it’s just a hard money
loan for property. It can be used for anything
at all in your business, and, something we haven’t
really talked about, which is pretty
good a little perk– you get rewards points, right? You’re building rewards points. I just cashed out $1,500
on one of my accounts because it’s a cashback
account, and that’s something that you just
wouldn’t be getting with any other type of funding. Oh, brilliant. So you could take trips. I mean, we use our business
cards and basically– any vacation we take is paid for
because of the rewards points. Right, exactly. And you get that with
some personal cards, but the difference
between these accounts– and we’ve talked a
little bit about it, but with business
accounts, business credit, it does not show up on
your personal report. Yes, the lender does take a
look at your personal report to evaluate whether you’re
going to be a good borrower or not, but that kind of
goes with any type of a loan. With a hard money loan, you’d
have to get the deal approved. And if you haven’t
done any deals before, if you’re brand
new and you don’t have any experience
under your belt, it’s hard to find
a lender that will lend to you in that scenario. And so having this
type of funding off your personal report is huge. Your scores stay sky
high, you have 750s. Some people are
continuing to put debt on their personal
cards because they’re using it for business or
marketing, for travel, rehab– your scores are
going up and down and that affects
you unless you’re able to pay it off
every month in full, and not everyone
is able to do that. So keeping it on your
business profile, it’s really going
to help you overall with your personal credit and
with future loans as well. Well perfect. Well is there anything
we missed, Mike? I think we covered
a lot of ground, gave people a really
strong overview. Is there anything
about your program that we missed that you’d
be kicking yourself later if we didn’t mention it? Well, I know we’re going to
be doing a webinar coming up, and if you guys go to the
link that we talked about, you can get access
to that webinar. There’s also a video there, and
you can also prequalify just by going to that link– I think we brought
it up earlier. I believe it was
MorrisInvest.com/Funding, just a simple form, you fill it
out so we can prequalify you, and we’ll give you a call,
and then you also get access to our video and also to the
webinar where we go into more depth on everything
involved with the program, how to use your cards as cash. And also we talk about
the two different ways that you can work
with us, because there are two different ways. You could either do a 12-month
membership, which is either upfront payment or payment plans
where you get a $500 discount, or you can do a another option,
which is performance-based, which means you don’t put
any money down upfront. You simply sign up
with us– you do need to have a 730
score or better. And you don’t put any
money down upfront, and then we can set up these
credit accounts for you, and you simply pay a percentage
as a service fee to us after you have the
accounts in your hand. So those are the two options. 12 months upfront payment plans
or performance-based and no upfront fee. Awesome. And again, you’ll save
500 bucks on any of that if you go to our website. And the link is
right there, it’s in the show notes
here in the page. It’s MorrisInvest.com/Funding,
MorrisInvest.com/Funding is the page, it’s right there
on the front page and you can click on it and fill out the
little form and set up a call. Awesome stuff, Mike. Thank you so much,
and looking forward to continued success in being
able to help a lot of people get their first rental property. Thanks so much for walking
through some of the new details that you guys have
just rolled out. Absolutely. Thank you so much
for having me today. You bet. Thanks, Mike. And I want to thank all
of you for joining us on the show today. Thank you so much. We publish this show
multiple times the week. We try to give you the tools
and resources to go out there and become a real
estate investor, create financial intelligence
for you and your family, whether it’s paying off high
interest credit cards in order to make your life a little
bit better or buy rental real estate– that’s the
path that we have used– or just figuring out
your balance sheet. It’s all right here
on the channel. We have so many tips and
tricks and strategies for you to become financially
intelligent, and your neighbors are going
to wonder what in the heck are you– what is
that family doing? They have suddenly elevated
their living conditions. What is happening
with that family? That’s our goal with the
Investing in Real Estate Show. We’ll see you next
time, everyone. Thank you so much for
subscribing, and go out there, take action, become a
real estate investor. I think it’s the number
one way to build wealth. We’ll see you, everyone.

100 thoughts on “Fund and Grow Step By Step Process

  • How exciting is this!! What a great video with a lot of great information!! Looking forward to all the excitement and success!!! Thank you!!

  • So much great information in this video. How can you argue with both these companies proven results. The sooner you get started the less you'll regret!

  • This is fantastic! Such amazing information and a great company partnership. Thank you for sharing this amazing information!

  • Top notch strategy! Becoming a smarter investor is what we are all after. This is the answer to no longer paying interest or using your own credit to fund your investments. Awesome!

  • Thank you Clayton for the information! I am definitely looking forward to getting started to expand my real estate investing!

  • Thank you Clayton, for posting this video it was very educational! It had a lot of good information!Thanks for bringing in Mike for clarity it was nice to hear directly from the source!

  • This is AMAZING!! Thank you for sharing this!! Such great information and thank you so much for making this such a breeze for those of us that are just starting our investing career! I have been waiting for something like this!

  • This video was amazing!! I love how existing real estate investors as well as beginners can benefit from the material discussed. Keep up the awesome work Morris Invest!!!!

  • Thank you Clayton for always providing the best tips and tools for business owners. Very informative Video!

  • Very creative source of funding. Question, how is the credit card debt paid back, is it amortized and paid back monthly?

  • Awesome! I love how informational this video was. Simply put and the strategies described were enlightening and concise for new investors!

  • I honestly love this step by step break down of how everything works . Its great to know upfront what the credit needs to be at and the process of everything . Very informative . Especially regarding Gold $$ and Plastiq. Amazing Video .

  • Thanks for all you're doing to assist real estate investors, Morris Invest. Your videos are always filled with helpful tidbits!

  • Clayton Morris You are the Best.. Not only do you explain how to make money on real estate you also help us get the funding. What a Great Idea. This was such an amazing video Thank you for Sharing. Fund and Grow is the answer for so many

  • Do you work with foreign investors with cash? I'm interested in owning a US real estate portfolio fully managed by a good company.

  • hello Clayton thanks for all you do! If one goes with the fund and grow performance space option how and when is the $500 deduction calculated?

  • Clayton may I ask if you paid upfront or did you choose the performance based option. Just wondering if their are pros and cons to one over the other? (assuming one qualifies with a 720+ credit score)

  • Excellent webinar, great information for the new or seasoned real estate investor. Great form of creative financing.

  • they will check your credit but it wont go on your credit rating….people don't be stupid…this is a reckless and terrible idea

  • Hello, what I do not get is that you will need to refi this card loan within 12 months. Per your method, you are able to refi because you bought low and rehabbed it to create value. But, buying one of your turnkey houses means we cannot capture that value creation, therefore cannot refi. What am I missing?

  • Super interesting and creative. Thanks for the value added video. I love the idea of using big bank funds for short term loans.

  • Is it possible to get a loan on a 25k-50k home at a low interest and how much cash on hand should you have to cover you

  • Great video, thank you. What do you think about buying rental property in NYC? I'm considering a multi-1031 so I can afford a unit in the big apple. My thinking is that even though the ROI isn't great, and even if there IS a recession, someone will always want to live there.

  • The timing on all of this plays a roll. For instance, I had money saved on my own and was only able to get 23,500 thousand with fund and grow. It took months for a house in my price range to come my way to purchase and by that time all the 0% interest offers were basically up and I was paying interest right off the bat. You can only apply for a second batch with F&G if you have more than half of what you owe paid. So of course I am grateful to them because it is money I didn't have and I was able to purchase the house, I'm just saying it doesn't always work out how it seems at the end of the day. Also this is my first purchase so it is all still a learning process for me.

  • Thank you so very much for suggesting this route for me i am going to learn as much as i can and begin this process, very helpful!

  • So , buying and refinance, repeat, will eventually help pay the initial credit lines off that gave you money, eventually paying it off. and keep getting more properties with money earned from the properties ? Thats what i hope to do for financial confidence and growth and security.

  • Morris Invest, can we find 1% interest rates when we refinance a C class or B class turnkey rental property purchased through Morris Invest after the Fund&Grow membership runs out?

  • Hi Clayton, i've seen this video before on other Realestate sites and have heard Ari's pitch before as well. But unfortunately i dont have the $4000 that they want in order to go through their program. They dont make it financially realistic for novice investors such as myself. I get the part that they are in the business to make money but there are not many people out there with just 3 or 4 thousand laying around in the bank. Some of us are not as well off as yourself.

  • I have heard that if you bought a property for yourself then sold it A month later and made 10,000$ then you have to pay capital gains on it unless you took that money and put it another another house within a certain amount of time. If this is true than if the house was in an LLC do you have the same ability to do this with an investment property. What is your professional opinion on this? Thanks

  • Hello Clayton, great video and great information. Thank you for keeping us inform. Please correct me if I’m wrong. My understanding is that the balances you charge to the business credit cards, doesn’t show on your credit report? and for that reason they can’t hurt your credit? Unless you have late payments, then it shows on your credit, is that correct?

  • Can I suggest that you also partner with a bank somehow? It would be really nice if they understood this process, so that it would be really easy to refi. I tried getting a loan under my LLC, and that proved to be a lot harder, with many more loops to jump through.

  • Lol I’m three for three; don’t know people, don’t know where to start and have no capital. Thanks for sharing 👍🏻

  • This was all very good information! Thank you both so much! And thank you for pointing out that even though it
    s business credit they do still look at your personal credit profile, it was a good thing to learn.

  • Thank you Morris Invest! So much information and advice in all your videos!! Thank you for sharing with us! I have high hopes for investing because of you. I look forward to the next video!!

  • One of the best step by step videos I have seen. You break it down so simply that anyone can follow the process with confidence! Thank you Clayton Morris and Mike Banks for all of the helpful
    information!

  • Awesome video! Learn something new every time I tune in.. Thanks Morris Invest and Fund&Grow for the information!!!

  • Great information that is very useful , especially when it comes to maximizing business credit. Explained a lot about Fund & Grow and the process as well

  • I have applied and qualified, quick question, you have to purchase the membership every year to maintain the 0% interest, is the plan to refinance or use a HELOC to payoff the amount borrowed?

  • @Morris invest do you know of anyone that would be willing to help me, purchase my second property even though I'm overseas in Italy? I'm in the military I currently own one in VA, I just need a direction in the form of where's best to buy, property manager, and getting tenants who are reliable. Doing tons of research, on getting most of these answers, just hoping to pick some more brains.

  • hey Clayton i have 3 properties all paid off around the 50-60k area. I have Ok credit but want a 4th property NOT using my own money anymore. How would u go about my scenario? can fund and grow help? ive gotten turned down by banks because of debt to ratio income is bad.

  • I'm confused. If you use F&G to say take out $50,000 and your ARV is like $65,000 and you do a re-fi and get $52,000 back from the bank…don't you only have $2000 left? (If you really did get 0% interest) My question is what do you do then?? Is your only option to get a HELOC? Or do you just repeat the process with F&G? Sorry, newbie here still learning the business, thanks for all the help!!

  • thank you ,im so excited i looked at the site and will be getting started , love you clayton you are giving me alot of hope ! thanks

  • How does this impact the credit score when they go through multiple rounds of funding attempts throughout this 12 month period? Am I understanding this correctly that you don't pay service frees unless you get funding or you have to pay the fee to get started? Is this a 1 time fee or pay for each round of funding? What happens if I have an issue getting this 30 year refinance what interest rates would I expect to have? How can you pay off personal debt with a business credit card? ie car loan, student loan, etc.

  • I really want to sign up for Funds to Grow and am looking for someone who wants to split the up-front fee, since they are advertising a 2 for price of 1 deal. Anyone interested?

  • I actually own a profitable business, and I've been told I can't get a credit line for the first 2 years. How on Earth is this possible?

  • So if I were to get enough funding to purchase a property from Morris invest using business cards would the property appraise high enough to pay off the card within the 0% interest timeframe?

  • Great info. What if you have good credit score around 715 and partner around 750 nice history over 10 years no missed payments but credit cards have high balances say limit 10k you are at 8k

  • Hey Clayton I miss your recent live you tube webinar, sometime I'am quite busy like the rest the world Clayton, and a lot of people for some reason are doing these webinars,maybe too many,eh?
    I have already seen way too many which makes it tuff when I all of sudden see Clayton comes out with one. I can only do so many. Loved watching your video's Clayton with your tool belt strapped on Clayton and you getting your hands dirty, LOL! Get,ter done Clayton! Anyways Clayton keep'em coming I enjoy watching when I can, Thanks!

  • What legal structure should I create in order to invest like you? My buyers list is strengthening and I want to build into a company that invests like you. Buy, hold, sub to, flip, under 100k.

  • This is great information for funding. Question. Once you qualify, how do you them off before the year is up? Can you get cash with the cards for your business? Any penalties/extra fees for using the funds? If I had a CH13 Discharged 6 months ago, Can I qualify?

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