Business Finance Solutions

Matthew Chang asked:

Everyday we are hearing more and more about the sub prime melt down and the credit crunch. Last week Bank of America bought Country Wide Home Loans to keep it from going bankrupt. This coming week, banks are all reporting there quarterly earnings and Wall Street is tense with the possibilities of more write downs coming.

So how is this going to affect you as a Real Estate Investor? What I see coming is great opportunity. While this particular time is going to be uncomfortable and unfortunate for some, this time is going to present Real Estate Investors with some of the best deals out there.

As you are preparing for your opportunities to come to you, it will be important to have funding set up. One of the best ways to have funds available for down payments and rehab is an unsecured line of business credit for real estate investing.

An unsecured line of business credit for real estate investing is a great way to fund deals because you don’t use your personal credit to finance deals. Yes, you or a person on the card needs to sign and take responsibility for the credit, the activity is reported to your business entity and not you. So the credit amount will not affect your personal credit score.

Another benefit to this type of credit for real estate investing is that the card is unsecured, meaning the credit is not secured by a lien on any asset. Typically, an unsecured line like this may have high interest, but done correctly, your entity can enjoy low rates, and even 0% introductory rates.

While it may seem that an unsecured line of business credit for real estate investing may be difficult or out of reach, that cannot be more far from the truth. Even with the credit crunch, banks are in the business of lending to earn interest, so a person with good credit will get access to credit.

Remember, the proper use of leverage is one of the best ways to grow your wealth in real estate investing. An unsecured line of business credit for real estate investing should be a part of that leverage. One note, just because the credit is not reporting to your personal credit, you or the signer on the card is responsible for the credit amount, so ethical use of the credit is a must.
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