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How to Leverage Credit Cards to buy Real Estate with No Money

Richard Fain 236 views

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Good video brother Taught me something Keep the knowledge coming✊🏾
Comment from : @kirkyoung6124

I hope the tenant paysbrThis is high risk unless you personally have the money to cover any type of shortagesbrbrThis is an excellent explanation thoughbrThe absolute best I have seenbrbrThank you
Comment from : @rebeccalankford9810

But you still have to wait 18 months
Comment from : @servextion

I don’t understand how the bank will give you $275000 equity rather bank will give you the difference between the amount you owe to bank of you want to pay off the loan In other words you bought the house for $250000 right and you paid $50000 down so you still owe to bank $200000 so far with me and now you went to bank and apply for home equity as per your number for $275000 so your equity is $75000 and bank will pay you 90 percent of $75000 Thousand approx $67000 I m sorry to say bank will not give you another $275000 on the same property which you still owe $200000 Pls let me know if I m wrong in any way
Comment from : @kjan120

Never take financial advice from someone who shows you all his supercars at the beginning of the video"Take my course if you want to own the dumbest thing you can possibly buy"
Comment from : @richardpvancouver7520

Classic Video Glad it came back in the recommendation
Comment from : @xKingUVHearts

4 years later 📝 just found this video 💪🏾🫡👑 Dropped some heavy gems I need to try this
Comment from : @SpontaniuzProductions2

I ve, seen this video like 10 times and now is starting to make sense,
Comment from : @gilsantiago3

Can someone tell me , how do you pay the deposit transfer you got from the credit card 💳 back ?
Comment from : @stanmoney8470

This is the biggest load of crap I have heard in my life
Comment from : @pascal_f1300

Great information Richard Is this by any chance available for those in the UK?
Comment from : @ambatsync

Leverage
Comment from : @DMRCapitalHill

Now, this is the best video I have seen on the topic of using your credit card to leverage all of the components to purchase Real Estate Remember, having your own 275 thousand is the best way to cut into your risk for this example This example show you a way to continue to keep and grow you cashbrbrThere are many avenues to develop from this video One of them was to move the money from the loan company to the HELCO to stop paying amortization interest and to start paying simple interest Take this example and make it your own vj
Comment from : @vanessajackson2889

Ima need you to explain this like you’re explaining to an elementary student
Comment from : @3sYTChannel

What do you mean by credit card loan?
Comment from : @4XGOTSTICKS

very smart
Comment from : @gehtdirgarnichtsan4178

You not mentioning the monthly credit card payments for 18 months 😮
Comment from : @escapingtheoddspodcast3698

What’s the Credit Card Loan formally called when doing this?
Comment from : @zackattack91000

How long do you have to pay this back? Should I be asking my credit card to increase my credit limit?
Comment from : @stanmoney8470

What credit card company is best to do this with? Chase credit card 💳 has high interest rates
Comment from : @stanmoney8470

My only confusion is that usually if you owe a lot on loans or credit cards at the time of closing they make you pay some if not most of it off before you can close So how can you owe $50k and still close?
Comment from : @Arlene_witha_y

Thank you Richard, this is exquisite
Comment from : @MitchMahoney

Do you have an update to this video reflecting the high interest rates we now are currently dealing with?
Comment from : @reefkeeper_zay2750

Most of the cards I see would consider that a cash advance type transaction and it wouldn't be included in the 0 APR promo Which cards are you using?
Comment from : @seanbrownsociety

Listen to this guy Look up “Thomas Durant” He essentially used credit to rise from extreme poverty to riches
Comment from : @riley8429

I would say Ramseys plan would be best suited for most people by far getting in debt Is risky! I'm sure most people fail by trying to use debt to make money
Comment from : @DeportillegalAliens

Did you use business credit or personal credit for this scenario? Also would you buy the property under an entity like LLC or a corp?
Comment from : @oeckstei

how do you get a 60k credit limit ? most people dont have the type of credit line
Comment from : @nyacoustics8373

The problem for me is getting approved for a loan that high, how can I get that much when I barely can get past 1k credit limit and that had to be a secured credit card!!?? This is awesome if you can get approved for these things anybody has some ideas??
Comment from : @jayquanmcneil1455

So technically you walked away with $42K on the whole deal How long did the whole process take from start to finish, only 18 months?
Comment from : @moneybags6840

But you have to pay monthly on the credit card 0 interestwhich is $2777 a monthit's not like you make no payments for 18 months
Comment from : @Lightreach18

This is awesome I got u and all the way down to the end so my question is during the 5 years of the 52,500 to pay off from the heloc Aren’t u also paying back at a monthly rate with that interest the other time ? If u did not sell the house in 5 yrs time when would the heloc been paid off at And what is the term loan amount in years ? Also when u take the credit card loan … what type of hit does your credit take ? And how long is an estimate to recover ? I ask all that bc I would want to rinse and repeat the cycle and build my retirement off of real estate ? When can we have a one in one , my Botha You are a good teacher and this is some gooood info More please yessir !
Comment from : @abovenbeyondlimits81

What cards allow those high limits
Comment from : @therealloulove

Great info bro Yah bless you 👨🏽‍🚀 🌌
Comment from : @kaspatova

Damn this is a great video 🔥🔥brbrOnly things viewers should know is that a 10 increase in home value is very rare in the course of just 18 months
Comment from : @talentekhuzwayo2705

Am I missing something The 90 LTV is after deducting the current mortgage amount and based off the equity not appraised value
Comment from : @AS-ch4ty

First time watcher here Excellent material my friend Subscribed
Comment from : @Dope_Digital

How about the closing costs when you sold the property?
Comment from : @selenabarden1439

I have used this technique to build a house in my home country Note that, the amount u intend to borrow from your credit card limit, u should have that equivalent cash around so u can pay it off should anything go sideways
Comment from : @senseananti

This is stuff that the big and famous podcast don’t talk about This is next level investing and leveraging other peoples money including the banks strategy I started in 2017 and only until the last 12 months ago did I know about credit stacking methods Good stuff
Comment from : @darianrichardson9709

I have never used word press, but doesn't this encourage people to attempt to find credit card info and people who sells them I came across successful plug bRicchdawg/b who guide me thru my processes 🎱🎱🧂
Comment from : @wilkins-hitupricchdawgontelegr

"Single family home for 250,000" (laughs and cries in Californian)
Comment from : @ZERVVREZ

What bank(s) allow you to use a loan as a down payment?
Comment from : @81muhammad1

How about if you want to keep the house?
Comment from : @maddcharity1721

What credit cards give you that high of a limit ?
Comment from : @ESCAPETHEMATRIX

I've been attempting financial independence and god damn you can learn so much on the internet i can't wait to be able to buy my first rental property and get it with little to no taxes and build my investment portfolios using credit and leveraging debt
Comment from : @thatelectritian

Yes sir this is a great technique! Thank you for the golden nuggets!
Comment from : @catieyasuhara4156

I can’t lol
Comment from : @mahoganychic841

How did you go about establishing your luxury watch business,please help?
Comment from : @humphreyfortune2347

Great video: Why not just use the HELOC for the downpayment? Why use the credit card?
Comment from : @CoolRunningss

Man I Preciate the Game
Comment from : @ReddtabbclydeTV

amazing
Comment from : @wahmmydakidd7435

I have unlimited credit cards at the moment, how can I ask my bank to allow me to do this
Comment from : @sergiosandoval6907

What does a credit score need to look like befor somebody can actually use this technique ?
Comment from : @Pillz200

What happens if u don’t sell property in 😮5 years how u pay off equity line Do u have 2 keep selling property off 4 it 2 work Would like 2 hold n rent
Comment from : @waltercrafton5258

how do you handle the monthly credit card payments with a $58,000 credit card balance ?
Comment from : @jacksonfross3920

Nice, Richard Thank you for this great lesson I really appreciate it
Comment from : @afinveststocks5610

What card do you recommend an do the offers start over every year or after the into 0apr time limit or is it a one time 0 percent deal?
Comment from : @danielgranderson1794

Great video However, the 90 LTV is toward equity not the property's appraised value
Comment from : @gachikk

Great video
Comment from : @KingTrueheart

Get with Grant Cordone
Comment from : @IQPHILOSOPHY

Excellent video brotha 👊🏾
Comment from : @losangeleshomesforsale9782

Questionhow do I get a bigger line of credit? Like If my credit card only has a $500 limit how can I get more? Thank you
Comment from : @nickscott5905

Hi Richard I'm enjoying learning with your videos Can you do videos on how you find the best tenant for your properties How to avoid making mistakes with tenants so your having to pay thousands of dollars to have non paying tenants tying up your income stream for months at a time As well as paying lawyer and court costs Or what to do when you run into this problem Thanks
Comment from : @michelemarrs4347

Wait a minute So basically after 18months you get another 52k credit card/Heloc to pay off the 52k credit card accomplishing absolutely nothing You still have a 52k credit card, nothing changed Now you have 2 loans on that property instead of 1, and because of that you may now make little to no monthly rental income after having to pay for 2 loans and Maintenance as well as all the other costs with rental property Not to mention the additional fees you had to pay to get a credit card to pay off a credit card
Comment from : @chrisbrooks4885

I just experienced a denial for heloc on primary residence due to debt to income - funny thing is we have great income and almost no debt Have you had trouble with that when you are showing 50k cc debt in order to try and make this scenario work?
Comment from : @shawnmiller5993

Sir, you have just become my new BEST friend and mentor!!! 👊🏾☺️
Comment from : @nutritionalblockbusters7690

This is so good It's a little over my head but I'm going to replay this multiple times to understand the technique Thabk you for the knowledge!!
Comment from : @mommaandthatbabybae6956

This works only in the US, right?
Comment from : @shanomarmota

Game is tight!
Comment from : @amarcelous

Questions: Can you do a mortgage and a credit card loan from the same bank? Is it advisable or should you use 2 different banks? Does the bank dislike or stop you if they find out you are doing this system of using the bank manipulation?
Comment from : @WatchWithMeYoutube

Yessir 💪🏻💪🏻
Comment from : @noahzm_

This was Dave Ramsey’s 13th reason
Comment from : @danmcclaren5436

your friend's cars look nice
Comment from : @rombioliwood

Hey Richard thanks for this content One question How long did it take you to be able to receive offers from credit card companies for loans? What cards give you the loans? Thank you so much for the value!
Comment from : @jonnycaiani6428

looking to buy my first rental property in 30 days either credit card, owner financing (no rehab) or private lender (rehab)
Comment from : @sheritacotten5293

What's the credit card provision to get a loan from the credit card? Is that a cash advance?
Comment from : @ballhogjon

Great video man However, when you're using a home equity line of credit the percentage can fluctuate at any time giving you a negative cash flow This is why I use HELOC for short-term use
Comment from : @Sky-os3cl

I think I’m misunderstanding you because I’m pretty sure mortgage lenders underwriters will not allow folks to use credit cards for down payments-doesn’t help to show the banks I’m a secure borrower
Comment from : @RightWithGodMinistries

Mr Richard Fain here from South Africa The system about buying house using a sweet credit line system in combination wow i must say thanks for helping Each one Teach one Stay blessed Peace!!!!
Comment from : @donsenramadiro9860

Your great my friend!!this explains very well on how ppl get rich from real estate
Comment from : @manuelfernando9729

Hey what should I do if I applied and received a bad credit card or one that I don’t want?
Comment from : @RoyallKing629

Nice
Comment from : @tyronh2896

What credit card or cards you use for this?
Comment from : @mbailey5825

I've been seeking a financial "investment" consultant And through this video you've already helped me to get some questions answered
Comment from : @bumbumfitness

So DOPE!!
Comment from : @DaMonteHustle

How can you have a 200k home loan and a interest only loan for 90 LTV? Wouldn’t moving to an interest only loan automatically pay off the original loan? Perhaps you explained it and I missed it Have a nice day
Comment from : @mike73391

Wow This is very innovative I may not have all the credit options described in South Africa I’ll tweak this advice to make use of the credit lines available to me Thank you !!
Comment from : @hendrickkone679

Oh my goodness you just saved my life makes so much sense 👌🏽 I'm looking to invest in buying houses out of state for about $50k or in that range and I'll use my home equity heloc of my home which my value is pretty good 👍🏾😉this video is the best that really explains in great detail 👍🏾😀
Comment from : @candi4life360