The BRRRR Investor Podcast
The BRRRR Investor Podcast is a dynamic resource for aspiring and seasoned real estate investors, focusing on the Buy, Rehab, Rent, Refinance, Repeat strategy to build generational wealth. It offers expert insights, practical advice, and real-world examples to guide listeners through every step of successful real estate investing.
The BRRRR Investor Podcast
How to Leverage 0% Interest Cards for Real Estate Investments with Miggle Dela Roca
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Join us as Miggle shares his incredible journey from substance use to achieving financial freedom through real estate investment. Discover actionable strategies and personal insights that can help you transform your life and financial future.
- Personal transformation and sobriety challenges: 75 Hard and 100-day no vice challenge
- Creative financing strategies for real estate investment with no upfront cash
- Using 0% interest business credit cards for down payments and building generational wealth
- The importance of mentorship, coaching, and surrounding yourself with like-minded individuals
- Miguel's evolution from being jobless to becoming a successful real estate investor and coach
Don't miss this episode packed with practical tips and inspirational stories!
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On Instagram: @motivmiggle
Thank you SO much for stopping by! I appreciate you!
💰Subscribe to my YouTube channel: https://www.youtube.com/@TheNahleGroup
Check out our next Real Estate event here - https://shorturl.at/jEO46
Grab your FREE SOP for analyzing deals here: FREE SOP
Welcome back to the BRRRR Investor Podcast, where our mission is to empower aspiring real estate investors in their journey towards building generational wealth. All right, I'm super stoked about today's episode. You know, I have my, my good friend Miguel here. Miguel, thank you so much for joining me today. I really appreciate you taking the time, man.
Absolutely, man. Thanks for having me. I'm looking forward to dropping tons of game and, you know, seeing, seeing where I can help people out.
Absolutely. So listen up. If, if you're looking to scale your real estate business by obtaining funding, you gotta listen to this guy. The episode is gonna be geared towards real estate and real estate investors in general. But in my opinion, the strategies that Miguel is gonna be talking about can apply to any business owner and any entrepreneur. So, you know, listen very, very carefully. Miguel is a credit specialist, and he also helps real estate investors scale faster by guiding them on how to obtain funding and offer such services through his coaching program, which he'll talk more about here. So again, Miguel, thanks again for coming by, man.
Yeah, absolutely, dude, you basically hit it right on the head. That's exactly what I help people out with is essentially what I'm doing is I'm helping, you know, real estate investing become more approachable for like the everyday person. Right. A lot of people where we've seen kind of the gap with the reason why people can't get into real estate is, right. It's going to take them years and years to save up that cash for that down payment. All the while they're going to be renting. If you're in California, you're looking at like two grand, three grand, whatever it is, a month, and you're basically just paying off some other landlords mortgage, not getting any equity. And, you know, yeah, all that money that could have gone into one year towards rent could have been towards a down payment. And essentially what we're helping people do is, you know, if the hardest thing is getting that down payment money and you don't want to have to wait and save and lose out on deals, then we kind of come in and help people. One, optimize their personal credit profiles. But number two is get them, you know, whether it's 5002 hundred no interest through 0% interest business credit cards. From there, we pull the cash from the cards and use that as the down payment. And then just like any other real estate investment, you know, use the lender, whether it's like hard money, private money, DSCR, whatever type of lending you need to fund the rest. And boom. Now you literally get into these properties with no money out of pocket or as close to as little money out of your pocket as possible. That's always the goal. And, you know, to pay as minimum interest as possible. That's what we're all about here.
And, you know, that's what I love most, you know, about what you do and what, you know, you in general. You know, when we first connected and we met, you know, I'm like, dude, this guy, it's like, you know, this guy is exactly doing what I, you know, I wish somebody would do it. Compliments what my mission is. Right. You know, as you know, I'm passionate about helping people get into real estate, investing, getting their foot in the door, right. Taking action. Because a lot of people want to do it, right.
Yeah, exactly.
But they don't know how. And then, you know, you watch all these YouTube videos, you listen to everybody else, they're like, you know, either discouraging you, telling you, oh, you need 20% down. You know, it's impossible. Why are you doing this? Or you watch these gurus getting, saying, like, you know, 0% down payment or zero money out of pocket, but it's like, how do you do it right? So, you know, people like yourself, you know, it's all about getting creative, thinking outside the box. Yeah, you got to take risks, but it's like, you know, there's ways to do it for everyone. It's, you don't have to be rich. You don't have to save a lot of money for it. So that's why I'm so excited about, you know, you sharing your story, sharing about your coaching program, what you do for everybody, because it's something I'm truly passionate about, and I want to spread the word, and, you know, it's ways that I use personally to scale my real estate business. So with that said, you know, let's. Let's touch a little bit about, you know, your. Your real estate journey in general. And how did you get into real estate? Can you talk a little bit about that?
Yeah, absolutely. So, I'd say I started about, was it, like, almost four years ago is when I started and kind of how I got into it, it kind of felt I kind of got motivated from other people in my network. So, like, that. That's, like, another topic to, like, you know, surround yourself around people like Alex, me, or just anyone doing things that are extraordinary or inspire you. But, you know, a couple of years ago, I had a buddy of mine that I went to college. He got into Airbnb arbitrage. I saw that he was crashing it there, and I was just asking him more about it because, you know, in college, me and him, he and I used to be just complete idiots. Just party all the time, just. Just like, just total goofballs, you know? And seeing that he was crushing it, like, really lit a switch off in my head. I was just like, dude, this guy is not as hard working. Like, I could work just as hard as you. We come from the same place. There's literally no reason why I can't be successful in this as well. And after kind of learning his journey, him giving me the right resources, pointing me in the right coaching program directions, that's when I got started. So I'd been thinking about real estate for years. I just didn't know when it was going to come. But at that point, when I saw somebody in my network crushing it, that's when I was like, okay, I could do this, too. Once I got inspired, the next big thing was just like, okay, cool. I know what that money making vehicle is going to be, but, like, I don't have. I don't have any money, right? And that's like, most people. Most Americans don't have, like, five grand saved to their name, even. But I knew this financial vehicle would make me money. And the way I like to think about what we do here is, right, we choose a financial vehicle. That's the funding. Then we choose the. The gasoline is essentially the funding, because every car needs gas to run. And the backbone of real estate, really, is just having the funds to get started. Like you said, the hardest part about real estate is getting started. Once you get that first property and get your foot in the door, then it just keeps piling up. You're able to roll things over. What I did is I actually got approved for a 0% interest business credit cardinal, you know, with that LLC at the time, it was brand new. My personal income was super low. Didn't have any business revenue, obviously. But because I knew the funding game, I was able to get approved for 25k. Right off the bat, I used that twenty five k to invest in this, like, five k coaching program for Airbnb. And then the rest of the money I used to get in my first Airbnb arbitrage deal. And then, long story short, from that one deal, I got connected with other landlords that were willing to let me do the arbitrage method. Made a lot of money from that and scaled it from one Airbnb unit to seven. And then once I got to that seven mark, I was just like, okay, cool. I've been doing this for a couple years now. Like, what's next? You know, like, I don't want to get complacent. So then from there, I started getting into fix and flips. I actually moved from California all the way to Indianapolis. I literally called a buddy of mine that I'd been, you know, keeping tabs on for the last couple years, and I told him, I was like, look, if I move out there, I'll leave, like, my friends, my family, whatever, my girlfriend to come move there if you're willing to teach me how to do it. Like, I'll even work for free. At first, I worked with him on seven different fix and flip projects, and by the 8th one, I was just like, okay, cool, let me invest some of my own cash in here. So at that point, I grabbed 75k, no interest, pulled the cash from the cards, didn't pay that cash advance fee, got into that deal, and now we have a duplex that we're actually wrapping up now, and it's looking like it should be bringing in a minimum of at least, you know, 80 to 100 in profit with, after all the numbers are made. So that that's kind of how we got into it. It kind of fell on my lap. I got inspired, and again, the biggest hurdle was just figuring out the funding. And at first that was my excuse. I was like, oh, I can't do this because I don't have the money, but figured out the money side, and now, three, four years later, now we're all in. Sorry.
That's an amazing story. And, you know, it's very similar to, you know, many people's stories. Right. You know, there's always going to be obstacles on why you shouldn't get started or why you should, you know, you know, keep looking into it and you gotta, you think you have to know everything before you get started. It's not the case. So what I heard from you is, you know, few things, and correct me if I'm wrong, so it sounds like, you know, surrounding yourself by like minded people is crucial. Having the right mindset. Right. It's going to be scary. There's going to be fear. But, you know, get past that and then investing in yourself by, you know, educating yourself or by getting in, you know, investing in a coaching program or the right mentor.
Exactly. Exactly. Like you said, like, right. Having that mindset to actually do it, surround yourself with people where you see that it's possible. But number the third most important part really is investing in mentors. Like, I feel like with just mentors and coaches in general, it gets a bad rep because of people like, oh, this is a scam. I never spend a couple grand, whatever it is, to learn this. I could just YouTube university it for free. But let's be real, guys. You guys have probably already spent tens and thousands of dollars on college. And I'll tell you right now, if you're not being like a doctor or a lawyer, you're basically getting scammed. Like, I study business and 90% of what I've learned came out of the classroom. Me reading books on my own, me investing tens and thousands of dollars in other coaches and this stuff works, right? I'm sure there are some bad. You might have had some bad experiences or just didn't get the results that you wanted, but I can't stress how having a coach is the most important thing. Like, before I really got the credit thing down, I invested into two other coaching programs. And to be totally honest, it was kind of total bullshit. Like it was very high level, didn't like I applied what they taught us, didn't really get the results. And by the third one, you know, that's where it really took off, got a really strong grasp. And now I'm able to, you know, being able to learn from that. Helping others now, that's what I do full time now, is helping other people learn the funding game so that they can invest in real estate. But like you said earlier, this applies to really any business. Every business needs money and, you know, we'll completely remove that issue of funding out of the equation so you can start and scale. But yes, 100%, having a coach is going to be an absolute game changer. It's going to fast track your progress and process so much faster than you trying to learn it on your own.
Yeah, exactly what you said. You know, it's going to fast track, it's going to allow you to get through things faster and you're going to learn from their mistakes, their experiences and the successes and failures that they've gone through. And that's what I share with others is like, find somebody that's a good fit for you, right. Whether it's me or anybody else, you have to be aligned, you have to have commonality. And it's sad, though, like you mentioned, there are programs out there that are scams. There are programs out there that may also not necessarily be scams, but you end up, you know, it may not be the right fit. It's not what you're looking for one thing that I would say, though, is, like, don't let those things discourage you. Right. I've made those bad decisions. I've gotten into programs that were not necessarily beneficial or maybe a waste of time, but I still, you know, invest in coaching myself. And, you know, I have four different coaches for different parts of my business because I believe that helped me scale my business. Right. It's gonna help me get to where I want to get to faster and learn from others. So, you know, I'm a big believer in coaching, and like you mentioned, I think that is the crucial part. So with that said, can you. Let's. Let's get into, you know, a little bit more into coaching. Like, how did you get started in coach?
Yeah. So, you know, going back full circle to that story I was telling you. So the first two coaching programs I ever invested, right, it was kind of. Kind of B's. By the third one, it was actually a buddy of mine, Jack McCall's program. He was a friend of mine, and he started learning credit, and he was pitching me on his program, and I was like, look, dude, I've already invested, like, ten grand, and he does other programs. Like, I've already got a bad taste in my mouth, but I like you and I trust you, so just give it to me straight. Like, what else are you gonna teach me that I hadn't learned already just because I don't want to buy the same thing for the third time, you know? And, you know, I just told him, I was like, you know, here. What? What's different? Here's what I'd like to learn. Do you have that? And he was just like, all right.
Boom.
XYZ. And I was like, dude, screw it. I trust you. Like, you're, you know. And we already had that trust. We had known each other for years. So I was like, all right, let's do it. Gone to the program, and I absolutely loved it. I learned so much more than the other programs, and I loved it so much because, one, I learned. I got very proficient at it. And then, number two, that's what I used to get into the Airbnb stuff, and that was the Airbnb was the first time I ever had a business and that was successful, you know, actually profitable, and kind of just change gears real quick on something you said is, like, sometimes we might make mistakes, fail, or invest into a coaching program that's not really beneficial for us. But something I heard was lately is less like any of these failures or these skills that you didn't think you needed to know in the past. They all stack up eventually later to get you ready for something. So I never look at, you know, if I lose money, if I fail or I totally fuck up on something, I always have a positive spin on it. It's like, okay, you know, this is just one way of not doing it, or this is helping me gain the skill that's going to prepare me for something later. So I just wanted to touch up on that since you brought it, you had talked about it earlier, but kind of how I got into the coaching was I learned from this guy, trusted him, and I loved it so much because it helped me build my first profitable business. And, you know, I told him, I was just like, look, like, I'll literally help you sell this program because I love it so much. And, you know, just have like, a side gig as well because the Airbnb stuff wasn't as, like, active income and not enough yet to completely just, you know, only rely on that. But I helped him grow his business from 25 students to 2500. So I did that for the last two years. And the whole time, like, yeah, I was working sales, but the reason why I was the top salesperson there for the last two years was because I was actually coaching people because I was that that program was a little bit more do it yourself. And I would straight up tell people, like, look, I've done the program. Here's my experience. If you're still on the fence, I will literally apply for your. I'll help you do your first application. So, like, really getting that conviction into people, letting them know, like, this is a no brainer offer, you know, this guy's gonna actually help me get the results. It's not like, hey, here's a coaching program. Like, good luck. And that's kind of how I fell into it. I came in for sales, but I actually started coaching it, too. And then two years crushing it at that role, I actually parted ways, let them know, like, thank you so much for the experience. I've learned a lot. I'm actually gonna go start my own coaching program more geared towards real estate investors. Again, you can apply this to anything, but I niched it down to real estate investors just because that's what I did and that's how I got here. I would say the road to coaching and quitting that job was not easy. Just like anything, you get really excited at first and then you jump into and you're like, holy crap, there's a lot of stuff I got to learn and I'm actually about to be one whole year into this new business of doing the coaching solely on my own. Now we've got a little, we've got like, what, 25 students right now. So been helping a lot of people out. So it's been awesome.
That's awesome. And it sounds like, you know, you, you hold their hand through the process, you guide them through the way, you know, you help them overcome those challenges and fears, moments of fear and stuff like that. So that's awesome, man. Great job. Congrats on that.
Yeah, thank you. Exactly too. Because, like, when I was building this program, like, obviously I had so much experience working with them, and for me I was just like, okay, how do I differentiate myself and, like, what's my learning style? I did well in a do it yourself type of environment, but I understand, like, for me, it would have been nice to have somebody, you know, not necessarily do it all for me, but, like, do it with me. And that's kind of where I came in is just like, okay, you got to do it yourself program. Like, let me do it with people to make sure they actually learn it. And it's not just dropped on, here's a bunch of course modules, good luck type of thing. But, yeah, really making sure, you know, being invested with students, you know, that's why I do one on ones with people. And it's just like, hey, I want to, like, let me tell you exactly what we need to do, how to do it. Here are the resources we're going to refer to, who to do it with, when to do it, and try to make it as easy as possible for people. And that's the goal because the sooner they get results, the, you know, the faster I get paid in full. But also, too, the more confidence they're going to have, the sooner they see even like, the slightest wins.
That's amazing. So, you know, I'm sure you've, you know, you've learned a lot along the way, you know, from this journey that you've gone through. Tell us a little bit about, you know, what, you know, what have you learned from building this coaching program itself specifically?
Yeah, Mandy, I've learned tons. Well, one kind of what I mentioned is, like, working for that other company, I was doing a lot of fulfillment and sales, getting into this all by myself. Now, the biggest thing I learned was it's like, okay, not only am I doing sales and fulfillment, I got to learn marketing. I need to learn how to get leads. I need to learn, I need you to learn a lot of the back end tech stuff like all these little skills started piling up. So in the beginning, when you're starting anything, you're gonna be super excited. And then you jump in, you're like, holy crap, this kind of sucks. I'm like, when I was working for them, I was making, you know, only working like, four or 6 hours a day, just crushing it, crank it out, tons of, like, the paycheck was really good. And then coming here, I was just like, holy crap, I'm working double the hours, if not triple the hours, and I'm not getting paid. Shit. At first, you know, at first, the first six months or not six months, I'd say the first four, five months, we're really kind of. I call it the valley the shadow of death. With businesses, right? You get excited because you don't know what you're getting yourself into. And then you get into it, find out, like, holy crap, this is a lot harder than I thought it was going to be. And there's so many parts in that process where I was just like, dude, I want to quit. Like, I'm, like, not making any money right now. I'm doing all this stuff, not seeing any results. But for you guys, watching, like, one of the biggest things that helped me push through that. That valley of death and just that pain of fear, uncertainty, and doubt and, like, telling myself, you know, you're not good enough, this isn't going to work. You know, you're wasting your time, your money, like that. I feel like that happens a lot with people. But the thing I kept reminding myself was like, you know, I'm one. I get scared of the thought of, like, having regret. Like, if I don't do this, like, what could it. Like, instead of being afraid of losing, I try to focus more on being motivated, of, like, what's the upside? Like, what would it look like if I actually won at this? So that's, number one, is stop being afraid of losing, take risk, and be more focused on the possibilities of winning. And number two, the thing I kept telling myself was, you know, I'd rather fail and lose at this and lose a bunch of money in time or whatever, even though it is still a lesson and know that it wasn't going to work, then wonder the rest of my life if this was going to work at all, you know? So just having that healthy, positive curiosity and just reminding myself, like, look, I just got to keep going. I can't lose if I don't quit and just celebrate every tiny win and something I. I've been learning, I'm trying to be more conscious about is like, a win isn't a result. A win is action, because at the end of the day, you can't control. Like, if I'm. If I'm selling a lead, telling them, like, how awesome this product is, you know, I did everything I could. I took the right action, and they just don't purchase it. Like, I can't beat myself up for it. So it's not even just about the revenue. It's like, on those hardest days where I'm not. I haven't seen a dollar pill for the last four months. I was just like, all right, Miguel, you know, this sucks, but pat on the back, you know, I had a great call with this guy. You know, hopefully they close if they don't like it is what it is. So I'd say the three things is, you know, I guess one is just be more. Be more focused on the win, not being afraid to lose. And number two, just celebrate those wins. No, you can't lose if you don't quit. And those were the. That got me to where I'm at now. From zero to 25 students, we've raised over a million in 0% funding with all the students, and we're going to keep growing that number and the students. But I. The. What I've learned, too, like, as far as, if you're building a business, the main people you need is you need somebody for sales and marketing. If you don't have those two things, nobody gives a shit. You get, you could have the best product, best offer, but if nobody knows about it, you're not going to make money. And if no one's there to sell it, and you're definitely not making any money. So those are kind of like the biggest things I've learned on my journey. You know, I'm just trying to remind myself, take it one day at a time. Be patient. You know, it's not all going to come at once, but if you continue to water this seed day in and day out, you will see results. It's, you know, it's kind of like a farmer, right? You know, they're going to plant a seed. They aren't seeing the fruit for, you know, a whole season, 3456 months or whatever, but it all comes out and blooms, and then you get to enjoy the fruits of your labor. And I. That's kind of what I've reminded myself. And I'm, you know, I'm learning every day with this business how to delegate and just kind of focus on my strengths. But it's been a journey. Yeah. I wouldn't say I'm, like, an expert business startup guy, but, you know, I would say I'm ahead than most people, and, you know, I'm learning every day, so I'm loving the journey so far.
It's all about the journey, man. It's all about. You have to embrace the journey. Right?
Yeah.
It sounds like for you, you know, fear was if the fuel to get you going to actually go after your dreams rather than to hold you back.
Yes. Yeah, I think too, like, fear is, like, fear, uncertainty and doubt. Like, a lot of people try to avoid those type of negative emotions, but, like, I felt like I transmutated that energy and used that to, like, to at least motivate me in the beginning. And then as I, you know, we're starting to see results and be like, okay, I got a little bit of results. I want more of that. So instead of just using the fear of, like, oh, crap, I'm gonna go broke. I need to bust my ass now. I'm using a little bit of that. But also, you know, who am I as a person? Like, setting my goals up based off of, like, who do I want to become? And if you could really define that identity, like, identity is the most powerful factor of motivation, you know? And for me, like, I. I identify as a person. Like, I'm gonna be a beast. I'm gonna be a CEO. I'm gonna be the type of man that could take care of my family, my wife, my kids, whatever, when I have them. And just knowing that I'm that type of person, I'm gonna figure out whatever actions need to be happening, and then I'm gonna reap the benefits of being that type of person, you know, being able to travel, being able to make a shit ton of money, being able to work on my own hours. So that's always been something that's kind of, like, motivated me, is just really dialing in on what my identity, who my identity is to help guide me into taking. Making the right decisions and actions.
Awesome. Very, very cool. So those of you that are listening, here's how you can purchase real estate with no money out of your pocket.
Let's get into it.
This is what everybody wants to hear. So, you know, tell us how you're helping people do that. You know, purchase real estate with no cash out of pocket.
Yeah. So I'll actually even give you, like, a real example. I just signed up a student, literally just yesterday. She's actually. She's. She's only 19. She was telling me, but look, my dad, you know, my income is not too high, but my dad's willing to co sign, but I just need to save up for the down payment and I just don't have that. It's going to take me years. And I just broke it down from a very high level overview of, like, look, right, your goal is to be able to travel, be able to invest in more assets. And she was like, yeah, I like real estate because it appreciates I'll be able to write it off, the depreciation it's going to cash flow on to build equity. And I was like, okay, cool. What's the number one thing holding us back? She's like, I don't have money. I'm like, okay, cool. So we agree, real estate's the financial vehicle. We just need the down payment. So what we're doing is we get approved for 0% interest business credit cards. I'll walk you guys through how that process looks like. But just as like an overall investing strategy, the whole idea is we're going to invest into these assets. The 0% cards are only 0% interest for twelve months, right? But there are ways to extend the 0% terms for multiple years. Basically, we could refinance that card onto a different 0% business credit card to buy ourselves even more time. So we invest that into the asset. You know, that's the down payment. You know, we go through a conventional lender to fund the rest. We get a renter in there paying off the mortgage, and month after month, you're gaining equity, right? So now you have an asset that's basically paying itself off. It's appreciating. You bought it with none of your own cash, and by the time the 0% terms end, you have two choices, right? Either we refinance it onto another card to buy ourselves more time at no interest and keep letting the renters build up our equity. Or, you know, after one year, literally just take out a home equity line of credit or a cash out refi to be able to pay back the 0% interest business credit cards when they expire. Because once they expire, it goes from zero to like 20% interest and not in the business of paying any interest rates at all. Right, so we need to have multiple exit strategies. And I was telling her, like, right, like, do you believe within a year or even a couple years, this property is going to appreciate? She said yes. I was like, okay, so there's another exit strategy. Worst case scenario, we just sell the property. And no matter what you'll have enough to pay back the cards and you get to keep what's in the middle, your profit. Or we refinance it or we take out refinance it onto another 0% card or do like the HELOC cash out, refi, whatever you want to do. So we just really broke it down. Like, look, there's so many different ways of making money and there's so many different exit strategies to pay it back. And that's kind of, that's basically the whole strategy we teach people, right, is how do we get in with no money out of pocket or, you know, as little money out of pocket. And as long as you're leveraging this debt in to an asset, there's literally no reason. I mean there are some things, right, you never know. If the house, if you bought it at a, if you bought it at a horrible deal and the price goes down even worse, then, you know, then you're in a tough position. But hey, we could refinance that card onto another 0% card by ourselves time and hopefully within a couple years the house will appreciate. So that's what the investment strategy looks like now, to actually get the 0% interest business credit cards. That's a whole other thing. We've basically broken it down to a science. And Alex, for you, you know, put yourself and the viewers, people watching this, you know, put yourself in the bank shoes if you know, Alex is coming to you asking you, hey, I want to get approved for a interest business credit cardinal. The banks, the two things they just want to know is one, do we think Alex is a trustworthy borrower? And number two, do we think his business has a lot of potential to, you know, grow and, you know, eventually pay us back, you know, and to do that, to look like a trustworthy borrower, banks just look at your credit score and your credit profile. So credit score wise you want to be at least a 700 plus. Credit profile wise, you don't want any negatives on your credit profile. So if you have late payments, collections, whatever, you know, you have two choices. Either wait seven to ten years for them to fall off or go through the credit repair process to get them removed. And that's something we actually help a lot of our clients who aren't qualified yet get that removed. Typically you want to have at least three personal credit cards with high limits, you know, an average ten k per limit. Just because if a bank sees Alex with only one credit card with a 500 limit, they aren't going to trust you with a 50k card on the business side. Right. So we just want to have good comparable credits. We don't want maxed out cards. Typically we want it below 20% utilization for each card. You don't want more than three hard inquiries within the last six months. If you have more than that, then there are ways of wiping off those inquiries. And if that's something you guys are interested in, I'd be more than happy to share that training with you guys. And then I guess lastly is having relatively old average credit age. So at least two years. That's typically kind of like the check boxes we take on clients. If they're not ready, then we have a way to help speed up that process. So that's how you look like a trustworthy borrower to make your business look more attractive, right. The main thing that, how we're able to kind of build that trust with those banks is we, instead of applying online, most people, you know, they'll just fill out an application. Online application goes through a computer algorithm. The bank doesn't really know who you, what you're about. And people get denied or get low limits. What we do is we've already established high level connections with these banks with what's called a senior level VP relationship manager. And basically they're kind of the gatekeepers between you and the underwriting teams. And they're essentially going to help apply for your business's behalf to help you get that maximum funding. Because the way they work is they get paid a commission from the banks based off of how much they get you approved. So it's in their best interest to get you that funding. However, you can't just walk into a bank and be like, hey, I want to work with a senior level VP relationship manager. Right. You need to have connections and you need to know what that bank's specifically looking for to be able to even pre qualify to work with them. And that's what we walk people. You need to know what to tell the banks, right? You don't want to say anything that's going to red flag you guys and make you look like a, you know, a very risky business. So we, we actually know exactly what to tell the banks. More importantly, how to fill out the applications. Because how banks work is a lot of these banks, they're willing to lend out based off of your estimated incomes and revenues. And the thing with estimated numbers is, you know, this is, this is very subjective and it's based off of how much you think you're going to make if you get the funding. So I always recommend to people, be optimistic, but at the same time, you don't want to overstate things too much because if you do, then the banks are going to red flag your account. They're going to do what's called a doc check, ask for bank statements, tax documents, all this information, make you jump through hoops. And if you can't prove that, the bank isn't going to want to work with you anymore. So that's basically as far as getting the funding. That's it. Have the right credit score, have the right credit profile, connections to the high level bankers, know what to say, know what to put on the applications. You have those five things. There's literally no reason why you wouldn't be able to get funded. This is the same strategy I use to get over three hundred k, a zero percent interest business credit to do all the investing I've done. So it's a proven system and I want to help more people who are struggling to get into the market be able to leverage that so that they could get their first deal, you know, after a year, pay off the cards, use whatever equities left in the house, get another 0% card, and, you know, be able to rinse and repeat that process and buy another house the next year. And that's, that's basically the goal is I want to be able to help my students get at least like one or two additional deals a year by leveraging what they're learning with the business credit.
This is amazing. I mean, like you mentioned, there's, there's risks involved in everything. This is something that, you know, could be huge on a person and, you know, build, help them build generational wealth, just helping them get started overcoming the, the challenges of not having funding. So you heard it here. You know, Miguel just shared with everyone how you can actually truly get started. This is one of multiple ways. You know, I've seen it happen and, you know, it's something I work with day by day is, you know, this is one way of how you can get started investing in real estate with no money out of pocket. Right. And then you shared with us the different things, the different, the specific things that, you know, one needs to keep in mind to be able to get approved for those higher limits. Right. You know, keeping your, the amount of inquiries, your balance and having multiple credit lines on there. It's important. Some people, you know, they don't like to get any credit on their under report. And it's like, you know, why am I not getting approved? You know, you don't want to wait until you're ready to buy a car. You're ready to buy a home for you to build your credit, you got to start, you know, you have to have, you know, at the very least, like, three credit lines on there. So. These are amazing nuggets, man. Thank you so much for sharing them. Tell us, you know, I know you're always, you know, motivated. You're always high energy, and I love that. Tell us what motivates you the most.
I mean, honestly, for. For me, and this is what I was also telling myself, building this business, building the Airbnb business was like, one just being afraid of, like, having regret again. But the other thing, too is I'm first generation. First generation Filipino. So I've seen my mom bust her freaking ash. She became, came from the Philippines, barely spoke the language here, and busted her ass and studied to become an anesthesiologist. My dad was in the navy and was able to bring her over and bring her family over and just kind of growing up, I remember there was, like, three families living in, like, like, a one bedroom apartment in LA. And, like, that's kind of how we lived when we were super young. And honestly, I owe a lot of where I'm at to my parents, especially my mother. She's always been. The reason why I do things is, you know, she busted her ass and, like, I. I cannot not be extraordinary. You know, she didn't work, come all the way, leave her family, go across seas for me to just be average. So that's always been something that's been kind of like a chip on my shoulders. Like, I just want to make my mom proud, not just for her, but also for me. Like, I feel like going back to that identity thing that I was telling you, it's just like, I've gotten a taste of kind of like the sweet life of being able to travel, do some luxurious things here and there. And, like, now that I've got a taste of it, I'm like, I want to fucking do that all the time. Like, I want to be able to build this lifestyle where I get to choose my own hours. I'm, you know, being able to collect rent checks, having that financial abundance. Because before I got into the place where I'm at now, I actually used to be, I lost my job back in, like, 2019, throwing music festivals. Just. I let that party lifestyle get hold of me. Got fired, long story short. And at the time, I was actually homeless. I was sleeping from couch to couch. And I remember in that moment, I was just like, this fucking sucks, dude. I'm so angry at myself. I can't take care of myself. And I was just thinking, what kind of man can't even take care of himself, let alone, like, if he has a family or kids? Like, what kind of man is that? Like, I was just so disappointed in myself, and when I got to that rock bottom, I told myself, like, I will never let myself be in that position again. And that that was the big motivating factor of, like, busting my ass off in sales, learning, coaching, because I was in such a bad point to where it was, like, I'm willing to do whatever it takes, invest, like, even if I get scammed on these coaching courses, like, you know, I did, my due diligence wasn't enough, apparently, but I'm in so much pain that I'm willing to do whatever it takes. You know, made some mistakes along the way, but I'm happy where it brought me because it just made me tougher. And I'd say those are the two big things that motivate me is, like, my family and then just the vision I have of myself. And then I guess the third thing is just having that rock bottom moment of not being able to take care of myself is, like, I never want that ever to happen to me again, and I won't. So.
Yeah, amazing story, man. Amazing story. Very inspirational. That's a perfect example. Like, you mentioned, you know, to go through the challenges, the failures, the difficult times and situations that, you know, we go through, rather than letting that, you know, just allow you to quit, you let that push you forward. And the. The most impressive thing is that you're. You're taking that and leveraging it to help other people do the same. So very proud of you, man. And that's.
Thank you, brother.
That's awesome, man. So, lastly, I want to just end with, you know. I know. Uh, tell us a little bit about the 100 day sobriety challenge and how that's going.
Yeah, dude, thank you for asking. So, um, just a little bit about me. I've always been very, like, motivated and very big on self development. Something my friend told me was, um, because I did, if anyone knows this, I do. You know what the 75 hard challenges have you.
Yeah, yeah, yeah.
So I actually did that, like, two years ago, and that was the most locked in I'd ever been. Like, I was just, like, relationship health wise, business wise, just so locked in. And it felt so great. I was really pushing my physical boundaries. I was so fit. That was the healthiest I had been since before I started doing drugs, like smoking weed, drinking, and other things. And that was the first time I had ever been sober for so long because it was usually if I'm not drinking on the weekends, then I'll be smoking during the weekdays or something. I guess I was escaping, and I just felt really good when I wasn't doing that. And during that process, I was telling my buddy about that and he was just like, yeah, miguel, you've always had a ton of potential. You always had the desire of crushing it. And honestly, compared to the average person, you are doing a lot more. But you never had the discipline to really sacrifice and stop doing some of the things that you know you shouldn't be doing. And that just really struck a chord with me. And honestly, after I did the 75 hard, I kind of, like, went back into my old ways. And I've been thinking, like, ever since then, I was like, I want to go for 100 days now. And I'd just been thinking about it, thinking about it. And the same buddy that I was referring to over that got me into Airbnb. He's like 120 something days sober. And he was, you know, I went out, partied with him. He didn't do anything, didn't drink or anything. And that really motivated me, inspired me. I was like, dude, again, if you could frickin do it, I could do it. So now I'm actually on day 18 of 100. I'm doing this with my girlfriend, which is really awesome because it's helping us get closer as a relationship, holding each other accountable. But basically, with this challenge, it's like a no vice challenge, right? No smoking, no drinking, no drugs of any sort, no porn, no masturbation like that. That's definitely something. I feel like nobody ever talks about it because it's such a personal thing, but I'm sure so many people deal with that struggle and it's. It's so readily available, and that's something her and I are both cutting out. Um, and then also just taking our fitness a lot more seriously, sticking with the diet, eating more clean, going to the. At least getting some sort of physical activity every day for 45 minutes. And, you know, we're only on day 18 out of 100. And I feel absolutely amazing. I feel like this is my locked in season and I've still gone out to social outings, partying, but now I just feel like instead of picking up a drink, I'm dancing or djing or just having better conversations with people. And something I want to take into this challenge is not make the same mistake I did last time was like, okay, I hit the goal. Now I could go back to being a piece of shit. This time I want to be like, okay, I did my hundred days. I'm going to do some sort of weekend celebration. But after that, like, really being disciplined with. The only times I do anything is when I'm celebrating a major win or, like, it's a very special occasion. I feel like a lot of people, you know, they work their nine to fives or do their business or whatever, but then on Friday, Saturday or Sunday, they're like, okay, let's go get shit faced and really get really drunk. And honestly, like, growing up now, it's just like, it's such a big commitment, such you spend so much money on ubers, drinks, food, and the whole next day you feel like absolutely crap. Like, it sucks, you know? So that. That's kind of how. What's motivated me in getting into this. And so far, the challenge has been really great. I've been updating people on it and I'm excited to see how I turn out by day 100. But I've already seen tons of change so far.
Man, that's awesome. Thanks so much for sharing that with us. That's. That's amazing. And, you know, wishing you the best on this journey. I know it's tough and, you know, I'm sure it's. You're going to feel so much better. It's going to bring the best out of you and best of luck on that, man. That's amazing.
Thank you, man. I appreciate it.
So tell us if our listeners, or if someone wants to reach out to you, learn more about you, the services you offer, or maybe like, you know, join your coaching program. Can you tell us what is the best way for them to reach you?
Yeah, reach out if you guys. If your credit's not in the ideal space, we do done for you. Credit repair. If you don't have the time or you just don't want to learn the funding, funding game, we'll do the whole funding process for you. I prefer to do the one on one coaching just because it's a lot more fulfilling for me. And I like seeing people get that light bulb in the back of their head once they learn it. But if you guys have any questions, even if you're not going to buy, I'd love to educate you guys. Send some resources. Best way of contacting me is I'm very active on Instagram. It's motive. Miguel. M o t I v m I g g l E. You can just dm me on there. I also have a free private facebook group. This is honestly one of the best communities because literally I hop on there every Wednesday at 05:00 p.m. pacific 08:00 p.m. eastern and I just drop game on everybody. I'm like, hey, this is how you optimize your credit profile or whatever to get you guys ready for business credit. And then once you guys are at that point, you know who to hit up. I've already given you tons of free information that people are charging a lot of money for. I'm gonna just give it to you guys for free. Build that trust and you guys know who to hit up. You could just dm me on Instagram and I'll send you that invite. We'd love to have you there, get you engaged. And then if you want to learn more, just go to motive miggle.com motiv m I double gle.com and you can learn more about us there. But appreciate you. This was an awesome podcast. Thank you for having me, brother.
Of course, man. Yeah, and we'll leave that information also in the comments section below. I truly appreciate you taking the time, man. I learned a lot. You know, we've talked about this, but I still learned a lot right now and I'm sure a lot. So thank you for sharing all this. And you know, I look forward to connecting with you more and appreciate all you do for the community, man. This is awesome. Thanks a lot.
No problem, man. I appreciate you. Same to you, man. I know you're, you've got that same mission. You've already had some success with real estate and you're looking to help, you know, kind of the newer generation or just people who don't know too much on it. And I know you and I are doing great things, so I'm happy to have us connected.
That's what it's all about, man. Thank you.
Awesome, brother.
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Thank you all for joining us on the BRRRR Investor podcast. If you found today's episode helpful, please hit like and subscribe to our channel for more real estate insights. We love hearing from you, so please leave your thoughts, questions or topics youd like us to cover in the comments section below. Be sure to check out our website, thebrrrrinvestor.com and follow us on social media @thebrrrrinvestor. Keep learning and investing and well see you in the next episode. Im your host, Alex Nahle. Stay invested.