Looking For Cash Advance Credit Card, High Limit
My credit score is over 720 and I am looking to increase available cash through any possible means. I have a couple credit cards with cash advance available but would like to find a couple that I can really get a large cash advance when necessary. Please let me know of any cards you know of that will fit the bill. I am aware of the risk involved so no warnings are necessary. Thanks.
Paul
I've heard some business credit cards have no limit....well I'm sure they HAVE a limit, but they advertise they dont.
Have you looked into this yet?
JB
I don't know how they do it with new accounts but Bank of America has cards with high cash advance limits.
Most sales do not come from the first contact.
If you consider 2nd, 3rd, 4th contact follow-up, then most of your deals will come from follow=up.
Follow-up can be a postcard, phone call, visit etc.
If someone slams the door in your face, and they have no motivation to make a deal. This is not a contact. If they have slammed the door in your face but have evictions looming, then you might send them a post card etc.
If you have a referral group, investors, painters, handy men, birddogs etc. you could swap leads. Swap the leads that do not fit your tools or skill sets.
Thanks Cycledog,
t sounds like you immediately refer out leads with varying levels of motivation to your network. What is a reasonable "referal fee" for a lead that becomes a deal for someone else?
Thanks
Certainly there is the most demand for 3 Br 2 Ba homes in my experience, but often the most demand means the least profit margin- why would someone sell to you below market if everyone wants it?
Consider adding a bath to an older 3 Br home that has one, almost unuseable by modern standards, undersized bath. Then you have turned something almost unsellable into a hot item. Or just enlarging the undersized bath is generally much simpler and can add immensely to the value.
The key is finding something no one wants and turning it into something anyone would want- or at least into something you can get a good return on...
Chris
I would take the focus off bed and bath and focus on purchasing at 50-70% of market value, I would suggest staying away from very small homes, and 1 bedroom homes, also depending on your area I would choose homes with basements if that is most prevelant
Eric Medemar
I think it depends on the area.
If it is an area near a lot of businesses then 1br/1ba will sell faster than 3br/1-2ba. That is because you will most likely find a lot of single folks. Recently I bought a 1br/1ba in a run-down area within a 15 minute walk of downtown and was able to sell it for 5 times what I paid within 1 year. I had no problems renting it either. On the other hand a 3br/1ba has been a pain with the roommates having issues.
In the case of family areas then definitely 3br and at least 2 ba. Or 3br with 1 large bath i.e separate tub and shower.
We have purchased several older homes where we added a bath and they tend to sell better and fater especially when it is a master.