How to Use Credit Cards to Fund Real Estate Deals | Scotty Tregellas

This episode is brought to you by Progressive Insurance.

Do you ever think about switching insurance companies to see if you could save some cash?

Progressive makes it easy.

Just drop in some details about yourself and see if you're eligible to save money

when you bundle your home and auto policies.

The process only takes minutes and it could mean hundreds more in your pocket.

Visit Progressive.com after this episode to see if you could save.

Progressive Casualty Insurance Company and Affiliates. Potential savings will vary.
Not available in all states. This is a PSA, or public sock announcement.
Experts have declared Bombas socks as the best way to warm up chilly feet. These pairs are super cushy, soft, and designed for maximum coziness.
Plus, for every pair purchased, another pair will your lawn. It works on crabgrass, dandelions, clover.
It works on weeds with names you can't even pronounce. It's Roundup for Lawns.
When used as directed, always read and follow pesticide label directions. All right, Science Flipping Podcast listeners.
As always, this episode is brought to you by Rocketly.ai. If you're looking for a seller lead generating system that has automation in AI bot and has sellers coming to you, then Rocketly.ai is your choice.
Make sure you head over to the website, fill out an application and schedule a demo now to see the power of Rocketly.ai. What is up, Science of Flipping family? Welcome back to another incredible episode of the Science of Flipping with an incredible guest.
Scotty T is in the house. He is someone who I look to for credit advice.
He has built an incredible business in real estate using leverage, understanding credit, understanding credit cards, lines of credit, et cetera. And so I'm super excited to have him here on the episode.
What's up, dude? Thanks for having me, Justin. Yeah, man, this is this is gonna be fun because you are new to me.
But you're not new to real estate. You're not new to a lot of my friends and colleagues.
And you are the man when it comes to credit cards, lines of credit financing your real estate business. You yourself are a real estate investor and have been for a long time.
So let's dive right in. Are credit cards good or bad? Good.
All right. Good.
It's so funny. People think they're bad.
They're not scary. Dave Ramsey, Grant Cardone, whatever perspective that you want to have.
Credit cards are good. Credit cards are bad.
It's all about like, how are you managed debt yeah are you using the credit cards to create a profit and leverage that then that's great it's good debt so of course they're good so you out of the gate um got me set up you said these are the nine twelve how many cards do you say i need to go get i think the first stack was around nine nine cards. What cards did you give me? Because I can remember off the top of my head looking at the

list. The premium chase premier? Yeah, so it wasn't the premier because that's just another

charge card. It's like the twin brother to the Amex Platinum.
It's valuable, but it's a charge

card. You got to pay it off every month.
So I think the ones that I recommended you were a

couple personal cards because of course, like me, you like yeah so working towards that goal i think it was chase outfire reserve you and that's right yeah uh and then of course a few more business credit cards that focus more of more rewards geared towards the spin that you're using like most marketing right so like amex gold thex and gold, the Chase Inc. preferred.
And then, okay, you want 0%, there's the Chase Inc. unlimited, right? So it's like, you kind of gave me a direction on what you wanted out of the credit cards.
And then I just gave you a list of credit cards to go out and apply for. And there we are.
Yeah. So I want to jump directly into how does this affect real estate investors? How can real estate investors, and I'm telling all of you to go find him on Instagram, YouTube, Scotty T, I think, Trigolis is his last name, but I think it's easiest if you do Scotty T.
Yeah. You can just search S-C-O-T-T-Y-T.
And I'm usually the first one that pops up in Instagram, YouTube, Facebook, anything. I'm the verified one.
So you can follow me and find me there. But yeah, no, with real estate that I, I used credit to get into real estate.
I would have never been able to even get started with wholesaling if I did not first master the credit. Um, you know, I, I feel like I've repeated this story so many times and I hate saying it because I don't want any sympathy.
Uh, but I was actually very homeless when I closed my very first wholesale deal. And I was in a really bad motorcycle accident in 2015.
I wrecked at like 130 mile an hour. I'm blessed to be alive.
But I couldn't walk or work for about a year. It completely destroyed my life.
And then I had someone approach me wanting to basically get into real estate. And I grew up watching my dad build custom homes all over the country.
And so I had this like passion and love for real estate, but didn't know anything about it. And so I was like, yeah, I want to get into real estate.
He's like, well, you need to fix your credit. So I paid a guy and I got ripped off.
Of course, like we all know, like the credit industry is very sketch. It's very hard to trust people in the credit world.
That's why I hate it. But of course, I got ripped off.
I actually sold my very last gun. I'm from Kansas.
So, you know, we all got guns there. Sold my very last gun, paid this guy to repair my credit and nothing.
but I don't have that like oh well I guess I don't get to invest in real estate there goes my dreams

this guy to repair my credit and nothing but I don't have that like oh well I guess I don't get to invest in real estate there goes my dreams because this guy took advantage of me no I don't have that kind of mindset so I started YouTube University and figured out how to start like disputing and in two months I went from a 531 with tens of thousands of medical debt and collections on my credit to a $7.41 in literally less than two months.

I'm like, whoa. Two months.
You're able to move your needle that fast in two months. Oh, yeah.
And now I can do that in less than five days. Five days you can move your needle 200 points? Oh, yeah.
And we'll get there. Okay.
We'll get there. Stay tuned.
Because even I need to know how he's going to do that. Yes.
So go ahead. I will will give you guys the exact blueprint so if you hang out and watch this full episode there's going to be a qr code somewhere where you can download this exact blueprint on how to be able to do that in five days there you go so anyways so went to 741 i'm like okay cool and then i got access to a couple credit cards and uh i think this was back in like 2017 uh back when Cody Sperber was huge on YouTube.
So I maxed out two personal credit cards. Don't max out personal credit cards, guys.
I paid 10 grand for his mentorship program, invested another thousand dollars in direct mail marketing in Tulsa, Oklahoma. So direct mail, thousand bucks, closed 80 grand next month.
So my very first wholesale deal was 60,000. Now, why did you say don't max out your personal credit cards? Because if you're maxing out your personal credit, yes, it benefited me.
But if you max out your personal credit cards, utilization is going to skyrocket and your scores are going to drop drastically. Because utilization is 30% of your overall score factor.
It's 35% is on-time payments. So our utilization just for those is like what percentage of available credit that you have that you've used, right? So just so make sure.
Easy numbers, you got $10,000 in credit. You're using 3,000 of it.
That's 30%. If you're at that 30% threshold you're gonna see your scores drop drastically okay so with that being said um as someone literally i told you when i took you on i went and paid off all my credit cards whether i needed to or not i just did it because i could but in your example i would make the argument what you did was smart still to this day.

Absolutely.

Right? Like you leveraged credit so you could go find $80,000 of wholesale fees.

So if you do that for 60 days, get your 80 grand just because closing times, etc.

Pay it off.

Does it still really hurt you?

And if so, how long does it hurt you?

What does that look like?

Absolutely not.

So, of course, it was a sacrifice I made back then.

Of course, it turned out in my favor.

I'm going to drop and your scores are going to rise. So as long as you're paying those cards down but before the statement date your scores will reflect that so giving that in real estate i'm i'm more like i support you this is why we're going to do a lot of cool stuff together like i do want people to use leverage when correct right because it's an investment in their business if done correctly buying this watch or buying that watch dumb paying for coaching investing in coaching investing in marketing investing in the business smart right absolutely um so keep going along your journey because what i want people to understand as real estate investors there is good credit there's bad credit and there's good debt there's bad debt how would you suggest people to look at this for themselves? Obviously, again, kind of as always, like, I don't want you to have to sell yourself.
I know I work with them. I know what he's already doing and his team's doing for me.
So look them up, get them on Instagram, YouTube, Scotty T or Turgalas. But what is your first piece of advice? Like you're speaking at my mastermind tomorrow.
What are the first pieces of advice you're going to go tell that room stop leveraging personal credit for business okay that's the first thing that i want everyone to stop doing of course i did it and it was it worked out in my favor but if you do it too long you will really restrict your entire like livelihood and business you're going to restrict it because it's going to restrict getting access to more and more capital right then you can have you know amazing credit when it's paid off 800 uh or you can be in you know the 600s if you have maxed out personal credit and if you're in that range of 600s you'll get denied for everything yeah. Yeah.
If you have those credit cards paid off, you'll get approved for everything. Yeah.
So that's just the biggest difference from using personal credit and not. So of course, use it if that's your only option, but temporarily, you really want to shift your focus over to business credit, because the way business credit is scored, it's only based off of one thing on time payments.
so as long as you're never late, you've got a good score. Yeah.
So you have a Chase Sapphire Reserve card on the personal side, it's going to report the balance of your personal credit. But if you have a Chase Inc preferred on a business credit card, it's not going to report that balance to your personal credit.
You can max that sucker out. Yeah.
And it will never punish you as long as you're never late. So the focus should be stop leveraging personal credit, get access to business credit as quickly as possible.
Because also, if you can get approved for $10,000 on personal, you can get approved for $100,000 on business. right so having good personal credit and established business credit you can really see three to five x the credit card limits someone doesn't know first of all i would tell most people don't try to do this alone like anything else like go get a hold of scotty because you might just think you're getting your credit card because he said go get a business credit card so you go go to Wells Fargo and get a business credit card.
Don't do that because it's probably not the right card. But if someone's sitting here saying, I want to start getting business credit cards.
I have five personal cards. What do I do? What do they do besides come to you, which is what I want them to do.
Because otherwise they're going to go to Wells Fargo or Chase and just get the generic card. Yeah.
Yeah. What can they do?

This episode is brought to you by my friends and today's sponsor, Lamasuleeds.com, the real estate industry's only enterprise level call center. If you're like me and you're tired of underqualified leads, junking up your CRM and wasting time and money, you need to do what I did.
And that's reach out to lamassuleads.com.

Highly qualified, highly motivated seller leads. It's that simple.
They're an all-in-one service. You've never experienced anything like this before.
They do all the heavy lifting for you while becoming a strategic partner in your real estate investing business. They have the most badass office in the industry you have ever seen, and I hope you see their operation.
Visit their Instagram at Lamassu Leads and give them a follow. Seriously, if you need more motivated seller leads, if you're tired of babysitting cold callers on the other side of the world, Lamassuue Leads is your answer.
Go to LeMasueLeads.com to learn more. That's LeMasue, L-A-M-A-S-S-U Leads.com.
Man, I see so many people, big players in our industry, either not using credit, which is crazy to me. And if they are, they're doing it completely wrong.
Right. And I can circle back to that.
But I mean, the first thing that you want to do is really build relationships with banks. Okay, so you got all the top tier banks like Chase, Bank of America, US Bank, and then of course, Amex, which isn't really a bank, but you want to build a relationship with them.
And if you have to do so on the personal credit side, great. Go after personal credit cards with them or, and, or go open up a business and a personal checking account with those banks.
Because if you have a relationship with those banks, they're willing to give you money if they know who you are, right? If you didn't know me, you wouldn't lend me money, right? But if we had a relationship, you'd be more opting to lend me money. If we had a really good relationship, you might give me a lot of money.
So that's the goal. The banks work the same way.
They want to know who you are. They want to know that you're credible.
Go establish that relationship, okay? Of course, maintain good personal credit. Don't have any derogatories or anything like that.
My goal for everyone that I work with, I want to see you above 740 across the board. And then from there, as far as a business credit, at least three to five trade lines.
So that's an 80 Paydex score. Okay.
And once you're done- What's a trade line? A trade line is really just an account that's reporting to the business credit bureaus. Like Home Depot? Like Home Depot.
Best Buy. Best Buy.
Yep, yep, yep. Office supply, anything.
So how many trade lines? Three to five. You want three to five trade lines reporting to Dun & Bradstreet and Experian.
So three will establish you an 80 Paydex score with Dun & Bradstreet, and that's considered like a perfect, you know, business credit score. It scored from zero to 100.
80 is on time. Anything above that is you pay it early.
So you only need three. you have three you don't ever have to go back those will stay on there forever yeah so just get those three knock them out and move on now what by the way what if you have like for me i have four different charge cards right you know that yep effectively the same thing or no nope absolutely not good question because very good question because a lot of people think hey I have this business credit card.
There's my business trade line. I'm like, no, no, no, no, no.
Those credit cards do not report to Dun & Bradstreet, Experian, or Equifax business credit. They do not report.
So you have to go and get trade lines that actually report to those bureaus in order to establish a score. Credit cards don't.
Which is even charge cards, charge cards even amex platinum so where can people go so you said office depot yeah i mean there's there's uline um uline granger office supplies i mean we literally have a list of a hundred yeah like hundreds of them yeah um and you know tier one is just simple net 30s where you just go make an account. You can get approved as long as you have your like business foundation set up correctly, like address.
Everything's reporting consistently, like secretary of state, IRS, your banks. Everything is consistent.
Create an account with one of these like Grainger, Uline, Quill, Office Depot, right? Create an account and then set up a net 30. So basically you're buying something and then you have 30 days to pay that off once you get that statement you pay it off and then they have like 30 45 days to report that and then once it's reported boom you've got one yeah okay you only need three you've got your 80 paydex score move on so good personal credit 740 plus 80 paydex score bank relationships.
And once you have that, our data shows that you're getting approved for three to five X the credit card limits. Wow.
So how does someone break into the real estate space using credit cards to their advantage? Same way I did. Okay.
I would not be here and I've made millions of dollars in real estate all because i maxed out two credit cards but it's not a perfect story as business owners we know it's a fucking roller coaster yeah right i've failed i've succeeded and i've failed over and over and over again covid killed me i lost 2.44 million in May of what, 2019? COVID killed me. But because I had access to credit, I was able to restart, right? The interest rate spikes a couple of years ago, killed a lot of people, knocked a lot of people out of our industry.
But guess what? I had hundreds of thousands of dollars that I was able to fund my business and keep going on, Right. So the goal is just to have access to that, to be able to either start, scale, or even buy a business.
I call it having runway. Absolutely.
Right. And so I think out of the, I think you said there was nine that you sent my way.
I think there was four or so that were like, just get these because of 0% interest rate. Right.
And I think a lot of people don't even realize it's still a thing. It's very much a thing.
Yeah. Right.
I had one of our members of science flipping just got $36,000 on a 0% interest rate credit card. Like last week, I know interest rates are up, but they gave it to him for 18 months.
Yeah. Right.
I mean, that's free money. That is the definition of it.
Yeah. And if you need marketing runway, if you need just sustainability runway, because things are getting a little wobbly, that's why you have some of these things.
It's not the perfect answer, but that's a way to be able to have runway to get through a tough time or even to get ramped up. Right.
So this is how I like to compare it. So put me or anybody, me, for an example, back where I was, I was living in a camper in the middle of woods in southeast Kansas um what the hell yeah when I closed my first deal now tell me this and and you you're a mentor to several I'm sure you've heard this oh I'm going to wait to get started until I save up money of course right yeah if I would have said that in the position I was in in 2016, would I be here today? No chance.
It's way, way easier to get access to $250,000 in credit than it would be to save $250,000 to start your business. So say that louder for people in the back.
But what I would say to that is it is the common rebuttal a coach, a community leader like myself gets is I'm going to wait because they're short-sighted. I'm going to go get my first deal by watching YouTube University.
From there, I'll invest in coaching. Right.
Your argument, and you have nothing to make this argument for me for, is to take the leap of faith, invest in the coaching so you can fast forward your line to success. Yep.
I think the, absolutely take the risk. I mean, it's easy for me to say because I literally had nothing to lose.
But you're proof of it. I borrowed, not from a credit card because I couldn't because I was, you know, I lost my home to foreclosure, repo man took my car, but I borrowed $25,000 from a friend.
Same idea. I'm about to shoot a private money lending fund your deal course.
I'm actually going to ask you to be a part of it because it's really about being able to fund your deal and get access to funding for all things, marketing, deal flow, right? You can use some credit cards, we'll give you cash advances. What's your thoughts on that? No need, no need.
So the thing with cash advances, so for example, I just got approved for a card the other day i'd get so many uh that's great but let's just use like um i have a chase inc unlimited zero percent interest for 12 months the limit is eighty thousand dollars and the cash advance is something like seven grand okay what is that seven grand going to do for us when we're spending 40 grand a month in ppc nothing not much right but as soon as i take that cash advance out one i lose the zero percent interest okay so that'd be dumb that'd be dumb and it's seven grand's not much what if they give you what about those credit cards they give you a check that says here's zero percent interest check from the credit card that's zero percent interest so there is that route like citizens Like Citizens Bank sends me those, right? Yeah. Citizens Bank is awesome.
Awesome. I don't have access to Citizens Bank being in Vegas, but here in Florida, or if you're really in the Southeast region of the country, Citizens Bank is a great one.
It's been great. But anyways, so, but those are still 0%.
So for that example, it probably makes sense. So what I suggest doing is liquidating, right? So let's just go back to my Chase Inc.
Unlimited 0% interest for 12 months, $80,000. We're in real estate.
So let's talk real estate. If I want to buy a house, can I go to the title company with credit card and swipe? Nope.
No. So if I had $0, but that is one hell of a deal and I want to take it down.
yeah we can go get private money we got to do the pitch we got to do all this but damn it i have that zero percent interest card eighty thousand dollars how do i get that we'll just liquidate it turn that eighty thousand dollars into cash does it stay zero percent interest zero percent interest is there something like secret sauce you can't some secret sauce that You may not have to say it out loud. Just shoot me a DM.
Yeah, DM them. See, this is the key.
DM them now.

DM them. interest is there something like secret sauce you can't some secret sauce that we may not say i have to say out loud just shoot me a dm yeah see this is the key dm them now dm me liquidation and uh we can get you that cash in a few days there you go good so there you go now so then you can liquidate it so that whole 80 grand though yeah you can liquidate all 80 grand at zero interest still maybe some Maybe some fees, maybe a couple.
Yeah, processing fees. Sure.
Yeah. And any like crazy terms like it's got to be back in 30 days or.
No, nothing. It's the length of the same length of this.
You ran the credit card at Nordstrom's. Same.
Wow. So what you want, I mean, we can get into the secret sauce if you DM me.
That. But we can even set it up to where the merchant that is taking that card is, you know, card specific.
So, for example, if I was doing like the Amex Gold, right? I wouldn't liquidate an Amex Gold. I don't recommend liquidation with Amex.
But if I was, I would want to be charged something with marketing so i can get 4x rewards yeah sense so it's like great i'm getting cash and i'm getting 4x rewards just because of this so it's like double whammy so one of the things i think there's a lot of people that don't even understand the points game let's talk about that i live i did a video a long time on youtube go check that out i don't even know the name is but like i did a seven night stay at the four seasons in maui first class of the family zero dollars right people like want to brag about their lifestyle but you have to understand sometimes when you're looking at that lifestyle it doesn't actually cost anything because they know how to work the game right so let's talk about some of the hacks that people should be doing um and then dm them to get the real knowledge go get my guy but like what are some of the hacks i mean i know a lot of them but let's talk about what people may not know so the biggest thing that i'm seeing people do when they think they're travel hacking by the way i didn't want to bring up didn't mean the cocktails and dinners and lunches and breakfasts were free that's still a boatload of money those are pricey but getting there and sleeping but flying there first class staying in the best room for free we get to ball out a little bit more on those dinners and yeah you can afford 48 eggs exactly welcome to mowry that's right Well, so the biggest thing that I'm seeing people do, um, cause I have some clients who are spending seven figures a month on credit cards. So they have a shit ton of points and they think I'm millions.
So they think by just going to Amex portal and booking a flight with their points that they're travel hacking and saving money. Well, no, you're actually spending probably about three to four x the points that you need to so you're not saving money at all because how like the the point system is scored it's it's one point per penny okay okay and i'm not on amex if you run the amex really across the board everywhere right so if you booked it within the amex or anywhere it's it's typically one point per penny and um we've gotten upwards to uh 52 cents per point so a lot better than a penny yeah yeah um let's see so i went to norway uh so you know robert winsley yeah okay so every year we we were somewhere in the world right for for new years and christmas and this uh this past we went to norway for a month and so my wife and i went from vegas to norway our flight just one way we only booked one way there's cash value was twenty nine thousand eight hundred dollars just two tickets first class one way i spent 101 now the point guys out there who are using their they're booking their flights with just points straight in the portal they're like oh you you probably spent eight hundred thousand points nope hundred and seventy four thousand points now secret there dm you dm me i like it travel dm you travel there you go yeah yeah because i i'm one of those guys i mean the reality is that story i just told you about the four seasons for class i did it directly line to line through amex i had two million amex points i think it cost me a million two or something like that to go do all that the first class of four seasons but.
But it was direct AMEC. So I got, I thought I was like, bro, I got this.
Yeah. So you're saying, Justin.
Oh, man, you probably could have went to Maui like three times. Wow.
Taking that same vacation at least three times. So you're going to, now that I'm already working with you, you're going to let me in on some of these secrets? Oh, absolutely.
Okay. Absolutely.
Because I actually have to book a flight to Kauai like soon. I'll do it for you while I'm here in Miami.

Done.

Yeah.

Here.

Yeah.

So like that's actually something that Robert Winsley and I are partnering up on is a travel concierge service.

Yeah.

You know, like for the top investor lift clients, for our friends and colleagues that are traveling

like me, I'm doing a shit ton of traveling now domestically.

And the rest of the people can pay you, right?

And of course, yeah.

Hey, if you want to concierge,

we'll literally book everything for you, right?

There are some qualifications

as far as like spending, credit cards, credit.

You have to qualify for this service,

but we will literally tell you,

just like I did with you,

hey, you need these cards.

Apply for these this way.

Once you have them, you need to spend them this way. Oh, you have a trip coming up great you text this number we're gonna call it alfred like batman batman i love that right so you're gonna text alfred and then we're just gonna send you back a whole itinerary of here's your trip so i give you like this is real time i need to book a basically a week-long stay in kauai in November I would tell you the dates I would tell you what credit card points I have where or even give you access to them we'll know all that you just go you don't need to tell me anything except for the trip that you want to take because it's kind of a three-step onboarding process one an application once you're in you're in and then two is basically an onboarding we'll have all your information so like you're we won't have like your bank account information right but like chase and amex they have separate portals of course right my bookkeeper has all the portals she can see everything it's so we have that we know how many points you have um and we'll be able to leverage everything you just simply put in a travel request form say hey scotty we uh want to go here for a week long here's where our preferences and then we book it send you back the itinerary this is great so you will be able to help people actually understand the point scheme because i think it's underutilized not just in real estate investors i'm just saying in general people don't they get credit cards because they just get credit cards.
Right. And to some extent, I'm that guy, meaning I fly American a ton.
So I have three different American airlines credit cards because they kept giving me like 60,000 free points. When you spend the first three grand, I'm like, I spend three grand a day.
So that's done. So I just kept applying because I got free points.
While there's some goodness to that, you're just saying it's not really the right way to work this system because I can get just a chase card that's not connected American. I get way more points.
You're able to use those points on different platforms and I can get 4x what I would be doing one for one on a market. Exactly.
So I don't have any airline cards. Right.
So I do have hotel. You don't want to go after like airline and hotel until you're chasing status.
Right. So for example, like we've got the platinum.
Everyone really has the platinum and they think it's super baller having the platinum. And like I laugh when people throw that down on the table.
It's like, well, you know what one point for dollar i'm throwing my gold where i'm getting four points right so but with the travel cards the way to travel hack is being able to like manipulate the points and send them out to obviously get more value out of them um but with like specific airline hotel cards they're locked in so. So you have American.
You cannot use those American airline points anywhere outside of American Airlines. That's right.
Right? So you're kind of glued there. But if you used your gold, your Amex, and you had all those points within your portal there, you can transfer those out to United anywhere.
Anywhere. And to your point, I wouldn't want to do it through do it through american i would do it in a different i don't know how you make all your magic work but essentially you say justin you have a million five amex points so i think i'm somewhere around there i don't even know where i'm at i'm gonna go book you on united to kawaii don't worry about it but it's probably not going from amex directly to united is that correct um it might it might go to a partner um so for example um i have most of my status and relationship with united sure um so my trip overseas was through united but i flew with klm so air france got it yeah right so it's like they do do partner up yeah and that's another thing is just being aware of transfer bonuses so what is today the first so yesterday was the very last day to be able to transfer Chase points to KLM so Air France for 25% bonus so if you had 100,000 points in Chase and you transfer them over to air france you would now have 125 000 points now remember mine and my wife's trip flying klm 20 30 000 flight was only 144 000 give or take or 174 something like that right so there you go you start to realize the the value of the points when they're transferred and manipulative.
So when you can do that, now you're really doing a second level of hacking, which is like there's transfer bonuses that if you know you're going to Kauai and you would say, Justin, we have until the end of April. Today's May 1st.
Transfer this $100,000 over to KLM because we're going to book you on KLM to Kauai. You're going to get for the $100, you're getting $125,000 or 125,000 points.
Knowing that kind of stuff is a second level. And you would just tell your client, Justin, you got to do this now because this thing is.
So real world scenario, this is what I would do. And this is like what I did with my wife, because our next big month long vacation is going to be Switzerland.
Okay. Can you go bring us back some watches, please? Absolutely.
It's so hard to get out here. I know.
I know. Get me the damn new Le Mans.
I need it. Okay, I'm going to be switzerland okay um can you go bring us back some watches please yeah absolutely it's so hard to get out here i know i know get me the damn new lemans i need it okay i'm gonna go find the meteorite done i'll find yours you can get your meteorite i'll get the mons say less done awesome yeah winsley and i have a little uh switzerland date going on so we're gonna go buy watches together i'll pick i'll pick yours up i'm actually on a zero card yes and then you'll get the points and off the point in cash.
Yep. Yep.
Yes. Hacking guys.
Right. DM me.
No. But, um, so it's like, I said, Rachel, Hey, um, are we going to Switzerland this year? Because there's this transfer bonus going on right now.
And this is exactly what I would do with like my clients. Um, so we had to sit down and talk.
This is what I would do with you. Um, because KLM in France, it's good for like Europe or Middle East.
So I'd say, Justin, do you plan on going to the Middle East or anywhere in Europe at all this year? If not, then we're going to keep our points in chase. If so, we're going to transfer these out for this bonus.
You don't have to plan a trip or anything, but we're just going to park them over for a 25 bonus that's right and with us i was like i'm i'm traveling literally every other weekend for like events and stuff like that this year let's not travel heavily out of the country let's just focus on this this year and um so we didn't end up transferring another thing a lot of people are i'm going to like a lot of events and I have a client like, hey, Scotty, will you book a trip from, you know, Houston to Cancun? I'm like, no, no. So here's what I do.
When I'm flying domestic, I pay for all my flights. Okay.
So if you're flying domestic, fly with your preferred airline, right? That way you're stacking point and use the correct credit card. So for example, from Vegas to Miami, I flew American.
But you paid for it. And I paid with the right credit card.
With the platinum. Because you're probably getting two, three, four X of points anyways.
Yep. So five X.
Okay. I used the platinum, my business card, platinum within the portal.
Okay. Not in American Airlines, but within the Amex portal.
Okay. So I log into the Amex portal.
I don't know if you've ever done that. Got it.
Okay. Now, you might see a little bit of a dollar difference.
It might be a little bit more expensive, maybe, you know, 40, 50 bucks, maybe 100, whatever. But outside of the portal, you're getting 3x points.
Inside of the the portal you're getting 5x points for 40 more

bucks whatever right dude there are so many hacks this is wild i thought i knew the game so there's just so many ways just continuously rack up points so kind of getting back to real estate just because we could go in this deep dive but if someone's in real estate investing or wants to or is aspiring the first point you'd make is

charge it to the game

and get a coach to teach you what really to do. Yes.
So you can get to the front of the line so you can learn what really actually works to get a deal versus trying to do it on YouTube University. Use the right credit cards on something like that.
Yep. but even then if they don't have a business credit card would you make them go do that or could they go get a new personal credit card and get zero percent like wouldn't you want them to go get more cards no matter what absolutely absolutely because i mean i've got i think now over 70 um and 28 yeah and say you i doubt they have more than me so i'm always going to encourage them to get more um is there a point of like it's gonna hurt you no absolutely not absolutely because the more credit lines the better your credit profile absolutely and i was when i was broke i had a credit coach right because he had to get me back going he's like what people underestimate is the credit profile they carry they think the credit score is the best thing but if you have no profile and you have an 800 credit score people still banks still won't any money because you have no history of borrowing it or giving it back yep yep we're actually helping someone right now who we we he was using personal credit we stopped him from that his scores are around 760 now and he's still getting denied on business credit

because he only has one personal credit card right so it's like hey we have to follow the process and the blueprint that i've laid down and we have to slow down to speed up and go focus on step one is that's your personal profile there's you you the business owner are the foundation of everything so so you cut a check to get a coach, learn how to do it, go out there and do it. What are the reasons and what strategy should they be using with even like, I know you told me to go into a certain bank here in Florida, open up a bank account.
What strategy should aspiring real estate investors or even active real estate investors be doing with all of this? So I think the best strategy would be to not just like application dump too many cards. Because for example, like you, we could go out and get 20 cards right now, but we don't need 20 cards.
Right. The whole point of having credit is to to have that risk tolerance where it's like, okay, if fucking COVID happens again, do I have more available credit over here? And if not, can I go get access to that credit and it still be on 0%? So for example, if that $80,000 Chase card is completely maxed out, now the interest rate is over.
It's like, what do I do? Oh shit. What if I can't pay that off? Well, guess what? I can go out and get access to more 0% interest and roll that balance over to that new 0% interest, right? So everything can just continue rolling over to 0%.
So the strategy for real estate investors would be obviously stop using your personal credit, start leveraging business credit, but in a very strategic way. I think this is one of the most important things that people, it's really hard to see on the surface is if you apply out of order, then it can really restrict you on what you can get access one, two years down the road.

And that's why it's like I built the perfect credit stacking blueprint,

and I'm actually going to be sharing that tomorrow. And if you're still around on this podcast, you can actually get access to that here.

Oh, they're around.

Awesome.

Hit up, Scotty.

So first thing they need to do is build business credit.

First thing there is go get the trade lines lines which is the best buy home depot quill etc then what what what business credit cards or lines of credit should they be so the first one that i'd recommend going to is always build a relationship with chase bank chase first okay um to me they have the best credit cards out there they may not be the best bank but the best credit cards remember we're going after the credit That's Bank. Chase first.
To me, they have the best credit cards out there. They may not be the best bank, but the best credit cards.
Remember, we're going after the credit cards. That's right.
All right. So it depends, right? So for someone in like our position, 0% may not be the focus, but someone just starting out, 0%.
So you have to make that decision. Do you want more rewards for what you're already spending money on? Great.
Marketing, cool. Go get the Inc.
Preferred card. But if you are a 0% interest person right now, go after the Inc.
Unlimited card. But remember, there's bank rules that you have to be aware of.
For example, there's three Chase credit cards. And of course, the Premier, which is a charge card, just like a platinum.
But the three cards are the Inc. Unlimited, Inc.
Preferred, and the Inc. Cash.
You, Justin, can only have two of those three. All right.
So you have to pick and choose between, do you want more rewards on the marketing spend, the preferred, or do you want the 0% interest? Okay. So you'll pick one three months down the road.
You can go get that cash, that ink cash. So I get two of the three, you get two of the three, but if you had a wife that was equity partner or a business partner, let's talk about double stacking.
All right. So which card did you pick? The unlimited or the preferred? Unlimited.
Okay. So you've got the unlimited and the cash.
All right. Your partner is going to spend PPC marketing.
He's going to go get the preferred. Same day.
Same business. Okay.
So now you both literally just got the preferred and the unlimited. And then three months down the wife on my llc docs boom i'm thinking about adding mine i don't believe in it but i might do that just for this one example yeah yeah so okay yeah i'm a sole owner of all my companies so it's like i get so excited when people have like their wives or business partners i'm like hell yeah we're literally going to double and triple the amount of funding we can get access to.
That's insane. This is wild.
Dude, here's what I want. I want to stop here.
Why? Because I want them to reach out to you. I want you guys to all go get him on Instagram, Scotty Dragalis, YouTube, Scotty Dragalis.
He gave you some words to drop in his DMs. has my business i'm his client if it's good enough for

me he's damn sure good enough for you guys i appreciate you being here man let's go help

people understand credit in a bigger much bigger way than they do now absolutely let's do it all right y'all that's it for today we will see you on the next episode peace building a business may feel like a big jump but on deck small business Thank you. As a top-rated online small business lender, OnDeck's team of loan advisors can help you find the right business loan to fit your needs.
Visit OnDeck.com for more information. Depending on certain loan attributes, your business loan may be issued by OnDeck or Celtic Bank.
OnDeck does not lend in North Dakota. All loans and amounts subject to lender approval.
Roundup Dual Action products rock like a hardcore metal band. This stuff kills existing weeds down to the root.
And for an encore, keeps them from coming back for up to four months. That's a nonstop 16-week tour of killing and preventing weeds in all the famous outdoor venues, the patio, the driveway, the mulch bed, even along the fence.
When it comes to your hardscapes and landscapes, the stuff puts on a show. Roundup Dual Action Products kill and prevent weeds for up to four months.
This stuff rocks. This stuff works.
When used as directed, always read and that show was so fun. Sand in my shoes

and all. Anyway,

wish you, I, me,

we. Hope to see you soon.

Discover the best you

at SanDiego.org. Funded in part

by San Diego Tourism Marketing District Assessment Funds.

McDonald's

has entered a Minecraft movie universe

and Grimace, Birdie, and Hamburglar

just spawned as new collectibles

in the overworld.

Now for a limited time, you can Thank you. McDonald's has entered a Minecraft movie universe and Grimace, Birdie, and Hamburglar just spawned as new collectibles in the overworld.

Now for a limited time,

you can get one of six McDonald's collectibles

when you order a Minecraft movie meal

with your choice of Big Mac

or 10-piece Chicken McNuggets

with Spicy Nether Flame Sauce.

Available now in a biome near you.

Oh, and at your local McDonald's.

I participate in McDonald's for a limited time

on Minecraft Movie, only in theaters.