Musings for your amusement & mine. If you scroll deep enough, you could find something that might trigger you. These are jokes. Don't ruin my political career.
Met a guy at a poker game who said he "borrows money for a living"
Thought he meant loan shark shit
Nope
He takes $200-300K from banks every 18 months at 0% interest, uses it to buy assets, pays it back before they charge a penny, keeps everything he made
He's done this 6 times. Net worth now: $4M+. Started with nothing but a 700 credit score
The infinite capital loop:
Here's what he explained between hands:
Banks offer business credit cards with 0% APR for 12-18 months. They're hoping you'll carry a balance and pay 24% interest after the promo ends
What they don't expect: someone who takes $200K, deploys it into something profitable, and pays it all back at month 17
His exact cycle:
Year 1: Stack $200K in 0% business cards
Year 1-2: Buy rental property / fund business / invest
Month 17: Pay off cards from profits
Month 18: Credit score rebounds
Month 24: Do it again
He bought his first rental with Chase's money. Cash flows $2,400/month. Paid Chase back $0 in interest
Second rental: Amex money
Third rental: Bank of America money
Fourth rental: US Bank money
Four properties. $9,600/month cash flow. Total interest paid to banks: $0
"Banks are the best business partners. They give you unlimited capital and ask for nothing but the principal back. If you're smart."
He's not doing anything illegal. Just using promotional offers exactly as written
The banks are betting you'll fuck up and pay interest
He's betting they're wrong
6 cycles later, he's retired at 41
(I help you get up to $250k in 0% funding. DM me if you want to start your first cycle, must have a 700+ credit score)
Anyone want to start a train for LA fire victims? My friends Mel and Chris have a child due in April and their house burned down. Anything you can do helps.
https://t.co/HXVSIzFafv
#lafires