Ari Page
๐ค SpeakerAppearances Over Time
Podcast Appearances
Or Plastic.
Plastic, for example, which is the word plastic, but it ends with a Q. That particular service allows you to add credit cards and then you can directly fund an escrow account.
You can literally use the credit cards to buy real estate.
for buying real estate, for buying virtually anything that your business needs.
So if the vendor you're trying to purchase with does not accept credit card, and most do, but if they happen not to, there's ways to work around that.
And we wouldn't want to do a cash advance.
Cash advances are at a crazy interest rate.
So we would want to use these third-party services so that the purchase goes onto the credit card at 0%.
I'm sorry.
Let's drill down on that because that's a great question.
So usually when someone's getting started, they could pre-qualify from anywhere up to 100,000 down to 20,000.
Or if it's even a worse situation, then less than that.
But
that's just what we would call their first batch or their first round which means that that's the first round of cards that we're going for that could be four or five cards so then two to three months later we're going to be doing another round and that's the card stacking process and i can drill down further into how cool and easy the the card stacking process is because it's it's actually pretty simple to explain do it go that's exactly it what is the process okay
And I'm going to explain on the personal side, and then we can extrapolate that to the business side.
But essentially, everyone watching this has a credit card of some kind.
So let's say, just for ease of this conversation, that it's a $10,000 Chase card.
So I have a $10,000 Chase card, and I've had it open for a couple of years.
So it's not at any particular special interest rate.
And I've been using this $10,000 business card or personal card in my business.