LandFans™ Podcast with Kendall LeJeune Zero Down Land Deals: How to Buy Land with Business Credit with Amanda Webster
Dec 11, 2024
Amanda Webster, the COO at Fund&Grow, brings her 20+ years of management expertise to the discussion. She shares innovative strategies for leveraging business credit to succeed in land investing. Learn how to secure 0% interest business credit lines, build your credit without affecting personal scores, and navigate the credit landscape effectively. Amanda also covers tips for improving credit scores and the importance of innovative funding strategies for sustainable growth. Her insights could reshape how you think about financing land deals!
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Business Credit as Revolving Funds
- Business credit cards are revolving, unsecured debt that can be used for any business-related purchase, including real estate.
- Using 0% interest offers, investors can fund deals essentially with free money for 12 to 24 months.
Manage Credit Utilization Wisely
- Keep credit utilization at 35% or less on each account to maintain a healthy credit score.
- Paying down credit cards or transferring balances to personal loans can significantly improve your credit score.
Use Business Credit Strategically
- Use business credit aggressively by making multiple small charges before large ones to avoid fraud flags.
- Make payments two to three times the minimum to build strong credit behavior and keep utilization below 50%.