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

What was your credit when you started?

520.

Holy s.

I was in 400.

Okay.

So there's someone worse than you?

Yeah.

Could people just open up LLCs 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 LLCs.

I know Amex, I've seen some crazy, like someone spend like 200K on swipe.

Yeah.

The highest limit I've seen was like 900,000.

Four

different American Express credit cards at like $8,000 to $900,000.

Spend all of that.

Retire.

You got to pay it back, man.

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 us.

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 to 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.

Born and 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 my acquisitions.

That's just what I do.

My name is Boone, D.S.

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 or not having a lot of money or not having credit at all.

When I first got started, I had like 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 exact same things.

So, what was your credit when you started?

520.

I went to Pennsylvania Avenue and they kicked me out and they charged all the back tuition back on me and went to collections.

Holy starting out the gate, I was shot.

I was in the 400, bro.

Okay.

So there's someone worse than you?

Yeah,

I paid at least one bill on time.

Yeah, I ain't never been that low.

I paid no bills.

I paid one bill on time.

So is that why you started to fund your freedom?

Yeah, so more of that 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 $100,000 in business funding.

we put together put come together to really get that to really fund your freedom.

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 500 a month the average american says if they don't have a car note anymore or they don't have to pay rent anymore or 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 learn the credit game to be able to leverage it to get funded but then they the second component to be okay all right smitty i learned the game from you i can get funded a hundred thousand two hundred thousand 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 then so my guy boom do the you know residential and then we do the commercial with moog so now we have two components what my people can do once they get funded so now we have a like we got like a two-year blueprint where you can do it, you know, build yourself a seven-figure portfolio if you follow the steps from beginning to end.

That now you can get access to the money.

Now you can invest it on the front, and now you can go into the big dog game with 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.

What made all you guys come together?

Because it seems like you're good at what you do and you form like a super team almost.

Yeah.

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.

It'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.

And so I went on Instagram, right?

And I seen Boom, and 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 red.

Yeah,

well, he responded, but then it's like, yeah, we're going to talk today or talk tomorrow.

You know how that goes just kind of a back and forth, right?

But we finally was able to get together and 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 100 people in the class that we did.

And it was so much value, so much impact.

And from that point on, we kept doing more things.

And then me and Smitty, we was actually in a mentorship together.

Nice.

And I seen how much he was doing, right?

Just offer e-books and getting people funded.

And, 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 now, you know, the biggest thing is like the chemistry.

Yeah.

We're getting a lot of the guys to jump on the 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 are you guys able to eventually get to 800?

And how do you teach people to raise their credit score?

Just How do you get their 800 score?

Yeah.

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 that everybody knows.

But just to be able to know how to build out the credit report completely first before we actually, you know, try to think about our score.

But building out an 800 credit score is basically you got to have more accounts, you got to pay a lot of things on time, you got to 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 a credit score profile meter.

That means that you're hitting everything that they want you 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 cards that they had open for 10 or 15 20 years and then once they add you on to their credit card as an 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 an authorized user to their credit card you get the benefit off the history from that and then it poop 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 is that 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 um 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've 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 their 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.

People was paying $20,000, $30,000 over asking price.

So this 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 gonna 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

i had to figure it out right i'm gonna 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 okay 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 self-storage.

I found this mastermind.

I went out, paid $50,000, and I learned this whole new word of self-storage.

And then, with the money that I flipped that property on, I'd use that towards buying my first facility, which was an 88-unit storage facility in Pennsylvania.

And then started to just build from there.

Right now, we got over 500 units

right now.

That's insane.

And we did that 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

when a tenant.

Yeah, let's go on YouTube type of storage wars.

Yeah, people find rare stuff, right?

So what happens is you may have somebody that has rented out a unit.

God forbid somebody passed away, right?

But that person passed away, their items are just stuck in their storage unit.

Or somebody get arrested or somebody just don't pay their bills.

As the owner of the self-storage, I have what we call lien laws.

So we put a lien on the unit.

So if you don't pay us, now we're going to do an auction.

So when we do the storage auction, that's when you have people that come and they buy the stuff.

They buy the entire unit.

So you pay, you might pay 20, 30, 100 bucks, 200 bucks, and whatever's in that unit is yours.

Have you ever done that?

Have you sold any?

Yeah, I've done auctions.

And then

someone buys it, but whatever's in the unit is theirs.

I don't get nothing out of it besides

whatever I am owed as far as whatever that tenant owes me, I'm liable to get back whatever I'm owed.

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,

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.

I personally don't like cold calling.

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?

It's crucially, 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 for 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 some of their english sounds like crisp so they're calling all day long and once they're gonna make those phone calls out of each day let's say they'll get three to five that actually do want to 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.

But that's how we find 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'll give you 30%, 40% off of whatever you're asking for.

But if your house was sitting for three, four months, you at this point, you're like, shoot, I'll take it.

Or like

his example, he had a mortgage on a property.

So he's paying $1,000 a month.

Like, who wants to pay $1,000?

$1,000, $1,000, $1,000.

By month four, you're like, look, listen, I'd rather just take $10,000, $20,000 off because the way it's looking, this might go another year.

So I'm going to just bite the bullet and take it out now 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 nail, 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 low-balled somebody, and they said, Look, listen, I just need this off my ass.

And you were able to buy these, not even using your own money, right?

You figured out how to sell other people's money.

So it's funny.

Um, uh, the house, 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're lending off of the asset.

So, when you, the only catches with hard money lenders, a lot of times, times they'll ask for 10 to 20 percent down

so if we getting a house cheap enough and the deal makes a lot of sense like this one exact deal i called my cousin my little cousin he's trying to get deeper into 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 on your first deal you put up the 18 it's in my name as far as the lender goes as far as experience so he's coming through with the whole damn payment and now when the deal closes we're going to split the profit

so this is one of the ways that like i helped out that i got started not 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 um my cousin gave me thirty thousand dollars when everything was said and done i made

exactly like 32 000 i gave back his thirty thousand and i gave him another seven grand on top he never seen house didn't do nothing so he made seven thousand dollars for free in a couple months didn't do anything 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 then we refinanced out of it.

Somehow we flipped.

But 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.

Yo, submit your good credit.

You got $50,000 and available credit.

Look, listen, we need $15,000 as a damn payment.

You bring the damn 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'll give you back your original $50,000 plus whatever we agreed on 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 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 Truist, Key Bank.

My favorite one that we've been using lately is NASA.

NASA.

NASA.

But right now, the household of Big Lemons right now is Chase.

Chase has, I don't know what they did in their system, but Chase has upped the lending criteria on their business credit cards up to 150 000 on one credit card yeah i was like

bro so now my clients is beginning to prove her like fifty thousand seventy five thousand a hundred thousand dollars buy a house with that yeah one credit card yeah so that that one is like through the roof right now but um you know uh everybody loves navy federal we all navy federal that's like the house cars i heard that's a good house of high limits or for auto you know auto loans and things like that uh 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 is 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?

So I guess they got different strategies, but 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.

But Plastique is a site that you can use your credit card to be able to do wires and transfers and stuff like that.

I can piggyback off it.

One 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 savings and investments and everything yeah all we literally do is set like on my app it's a visa variable rate like that's the visa card we just move it from the from that card and we just balance transfer to the checking account then go to the bank and then get a certified check and then take it that to the closing table to buy the house

there's no like certain banks charge fees fees for 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 of what I'm about to start setting up doing.

All right, so a company, we got to put our people on payroll, right?

Yeah.

So, a company ADP.

ADP allows you to set up your payroll, but now they're allowing you to be able to pay your payroll out 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.

What you would do is have the payments come out of your business credit card.

That means 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 what happens with that is every dollar you spend on payroll, even for 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 set that up when I got home.

Yeah.

Just put them on.

That's one of the new ones that nobody telling people about.

How do you guys use your points?

You got millions of points?

Yeah, right now, I think I'm at like 900,000, which is equivalent to like $9,000.

One of the cool things I'm about to do with my rewards points is I'm going to be the first person to make a video about this too.

I don't take my idea when this video drops.

I'm going to buy a vehicle full-out cash off my credit card rewards points.

I'm going to go buy a $10,000 car off my rewards points.

Strictly off free money just because I run my life through my credit card instead of spending cash.

Yeah.

Strictly off of that.

I'm going to be able to buy a $10,000 car

off 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.

So it's pretty expensive.

Yeah.

Oh, it varies based upon like where you're buying, right?

So it's like any real estate, if you buy in, you know, California, LA, right?

The price is gonna be higher.

You buy New York.

So for me, we like to go for like sub-markets or rural markets.

So I invest in Pennsylvania, Ohio, Milwaukee, like certain areas where it's sub-markets, and you get cheaper.

So for example, we just purchased three facilities, you pay $850,000 for it, right?

Those facilities are worth $1.5 million.

It just adds it 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 that's 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 when we get with Smitty and he get us $100,000, $85,000 in credit cards and credit lines liquidate right which we just talked about it now i can use that as my down payment and now i just purchase the self-storage with no money out of my pocket

that's nuts and then you got money coming in monthly from the rent right look let's not i want to give y'all some more i want to give you some more games okay

so we purchased the self-storage facility with no money out of our pocket we make money off the rents right by renting out the units But the reason why I love self-storage even more is because we can make multiple streams with one acquisition.

So not only do we make money off the rents, 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 if there's a flood or if 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 the 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.

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 it also right so i'm gonna give you two more right no there's runner always 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 percent.

With no money down out of our pockets.

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

basically like what I said earlier, just going ahead and attacking these properties, but going in more discount.

But also

I want to piggyback on that but Tep 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 three other apartments and i wanted to test it i've been doing like two at a time now we're about to max it out even more but with three apartments they're literally back to back booking so we got somebody that's paying like for example somebody and 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 will be so now somebody in the air um vrbl 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 yeah hit the account so now it's insured.

Everything is situated.

And I know a lot of people are like, oh, but the unit has to be furnished.

What we did was we're reaching out to a lot of people that have Airbnbs.

They've been getting shut down recently.

We're going like all the ones that all my furnished units, I literally went to people that have Airbnb units that's getting shut down.

Y'all get two grand for the whole apartment.

Tables, chairs, beds, sofas, cups, plates.

And that's what I've been doing.

We've just been literally buying some of my old stuff for $2,000.

I think one apartment I paid $3,000 for stuff.

Wow.

Furnished the whole thing.

That place y'all stayed at, we got game consoles and everything.

Paid $3,000 for the whole apartment.

The whole thing.

That's crazy.

And then put it right here on the site.

So that's how we kind of manage things right now.

That's cool to see you pivoted because I heard Airbnb owners are struggling right now.

Yeah.

So we're 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 on their situation.

So it's yeah it's a better playing field yeah

I wanted to add to the interest part right I want you to talk about the interest rates

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 entry to hire 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 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 interest, which is crazy.

But when the interest rates go down, which it will, at some point, we're going to be even more profitable.

So, the way to beat interest is just truly finding a great deal and still getting at a good price and making money on it.

And when it works itself out, you're still going to make money later on when you do refinance out or whatever strategy you implement.

Yeah, I got something even better.

Okay,

with the interest rate i just thought about something thing you this probably this off record but when the interest rates 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 flow and monthly mortgage payment make sense right now yes make sense right now so let's say the interest rates drops down to five percent four percent 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 the uh the the monthly mortgage payment is gonna be higher but because the interest rate is lower it's just gonna match up with what the rate is now so now he's gonna 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 it's gonna be 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 refi.

As soon as the market changes, he's going to make it.

Yeah.

Poom.

I'll be able to put like three, four hundred thousand on the blueprint, man.

Easy.

So one of the things you do is credit funding.

Yeah.

So

if you come to me and you got an LC and 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 had 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 that have $5,000 limits.

This will put you in a position where you can go get the, you know, max amount of funding.

We can go get you upwards $100,000, $200,000.

If you have all that, you can get $100K.

Yeah.

You got an LLC.

No matter if the LLC is brand new, one day old, long as you established and properly shit.

LLC with a good credit report, we take the combination with the business, with the good credit report, and we go what I do is called business credit card stacking methods or lines of credit stacking methods and we'll be able to accumulate you a large amount of money by stacking up different credit card from different banks.

So could people just open up LLCs 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 LLCs.

So

you got 77 million credit he has?

I mean, he can get essentially he can get funded in any business, each business.

So if he really technically wanted to sit down, get business number one one funded two three

he can really go get all his businesses 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 you can get like literally people i think let's go over some people head that it's to infinity but it's literally no cap all like let's just say we get 10 credit cards they all got 10 000 limits we got a hundred thousand dollars in two years they all raise from ten thousand to twenty thousand in another two years they all raise from twenty thousand to thirty thousand it's literally to infinity So you could keep going with like a million bucks?

Yeah, yeah, so you can easily, 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 called.

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 in, the more you spend on, the more they'll give available to you.

So you can up your limits.

You know, I've seen some, the highest limit I've seen was like 900,000 that someone can swipe to.

600.

I thought that was high.

Yeah, a guy in my mentorship group.

You seen him in RPX?

Scott.

Scott.

And he got four of them at the limit, too.

Four different American Express credit cards at like $800,000 to $900,000 limits.

I mean, he can literally go spend like $2.00 million.

Spend all of that and retire.

Leave the country.

You got to pay it back.

But that's why.

That's why you said flea to see.

I'm here.

You say flea to see.

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 pay that money back and even get access to more money once you pay it back.

So once they see that you trust it, they see that you're going to 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, and do it and to drill it until that thing is making you a millionaire.

Man, I 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 too much.

We gotta be smart.

We gotta be smart.

You know what I mean?

It could be risky if you're doing stupid stuff.

Right.

But if you lose the money, that is.

Also, it's like people can get started.

That's the biggest thing.

Like, we all come together to help people get started.

Because he always said it's easy to get $100,000 in funding versus saving $100,000.

Like, if I say, you, I got this great property, it's a great deal.

You know, we need $100,000 to buy it.

And then you're 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 for 100 it's going now but off a swipe or off a couple swipes and then i hate to say these words swipe but off a couple credit card move transactions 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 y'all my credit was shot i figured everything out when you go ahead and do a partnership, ask somebody that has a high credit score in the LLC.

Now, the LLC is going to get funded,

but now they're only utilizing that person's credit score.

So, if you have an 800, I have a 500.

Hey, look, listen, we have an LLC together, but let's get this LLC funded.

We're going to put you in an operating agreement higher than me.

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, it's for people, I don't want people to watch this, like, well, I don't have an 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 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 They may not have the best credit, right?

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 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 profile.

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 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, it's 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 Hepway Capital, and now they approved me for $45,000, $50,000.

It showed my credit.

But now I got $50,000 and now I use that as a down payment on an apartment building.

Apartment building, I purchased it for $185,000, right?

And now it's cash flowing.

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 multiple ways of good credit, bad credit.

It don't matter.

You just gotta want it.

If you really want to change your life, and that's all that matters.

And we're gonna help you get to that next level.

Where can people find you guys?

Yeah, so I'm on everything at Smitty the Goat.

I'm on Instagram at underscore Smitty the Goat and on YouTube at Smitty the Goat.

I'm on Instagram mogulifestyle underscore and on Instagram dsbo and e.

Oh, yeah, thanks for coming on guys.

I learned a lot

everybody really quick

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