It’s been quite a crazy few weeks. With the panic and fear of this worldwide virus spread, business are being shut down and social isolation is prevalent.

However, in these moments, if you have paid attention to the stock market, forex or even futures, you will have notice the huge opportunity for many of us to turn our lives around.

This is a moment in time where you can actually secure your future if you know what you’re doing.

I wish everyone well out there.

Remember to stay humble and prepared.

There are still plenty of opportunities to change your life even today.

My First Investment Property

In September 2019, my dad and I invested in a single family home that we would eventually renovate and rent out to tenants. He had bought a handful of investment properties prior to this one which we recieve long term passive income from. This house, however, was unique because this was my first investment property.

So, in this blog, I want to share my experience of how we acquired the house.

We were house searching for months before this one came on the market. The owners were asking for less compared to the other homes in the area. We already knew right off the bat that there would be fierce competition for the home.

They had listed the home for $135,000 but the homes in the area were priced between $220,000-$275,000.

I immediately reached out to the agent who was helping us look for another property and we saw it the same day it was listed.

The house was a disaster.

I couldn’t see pass the ugly shaggy carpets in every room or the clutter the previous owner amass in the basement to the most bare bone kitchen with one broke dishwasher that has a ghastly smell that I was unforunate enough to whiff due to my own curiosity.

I know. That was a mouthful.

I looked at my dad after touring the home and asked him what he thoughts were.

He looked at me and said “This one is a hidden gem. We are buying it.”

We were ready to negotiate.

We offered a cash deal and that made our offer more appealing than any of the others. However, we were not exactly sure what the other 7 offers were. My dad has been in bidding wars for other homes previously and he taught me a secret on how to secure any home you were putting an offer in.

The secret was to give the seller a slight higher offer than anyone else.

That’s exactly what we did. We told our agent our offer is $135,000 which is the asking price.

We also said we would give the seller $2,000 more on top of the highest bidder up to $160,000.

Lucky for us, the highest bidding offered was $143,000.

We ended up paying $145,000 for a home that eventually gave us a return on investment of 13%.

If have enjoyed reading this and would like to know how about the renovation behind this home and how we were able to rent it out for $1,900.00 a month then please subscribe! I will be providing all the details in the next blog 🙂

How I earn $5,040 annually selling my tradelines

Growing up, my father primarily taught me that cash was king. He never once used a credit card or even knew of its’ existences. 

Then, when I was 20 years old at the time, my boyfriend introduced me to the world of credit cards. I did not have any interest at first until I realized just how wonderful these little financial tools are.

This is how I stumbled upon the idea of selling my tradelines. What are tradelines you ask? Basically, your own accounts that banks qualify you for when you open up a new credit card. You can sell your authorize user spots for CASH. 

As a poor college student, I was constantly trying to figure out ways to pay for my food, clothes and tuition. 

I was already working a full time job and going to classes in the evening.

By the time I graduated college and started my new job, I stumbled upon this topic once again. 

In order to sell your tradelines, some of these companies require you to have 2+ years of on-time payments.

Also, the higher your credit limit, the MORE they pay you. 

At this point, I have worked on my credit from scratch and I have quite a few cards with high limits that I can now sell my tradelines. 

Is this safe and is it illegal you’re asking? There is risk to everything. However, when you sell your tradelines, you can opt out of providing them a physical card to use. Think of it this way: They simply have your good credit on their report to help boost their credit but they do not have access to your credit cards. This is 100% legal, however, your credit card company may frown upon this if they find out and you might risk your cards being shut down. 

Let me break this down for you as to how I can earn $5,040 annually simply from owning credit cards and with barely any work. 

The company I work for pays me $60-80 per authorize user spots that I sell. Currently, I have 4 cards that I’m selling. My Chase and Discover cards are selling for $60 a piece with two spots each. My Barclays card is selling for $80 a piece with 6 spots. 

If you are looking to apply for a Chase Freedom or Unlimited Freedom, here is my referral link

If you get approved, you can earn $200 for spending $500 within 3 months!

Then you can start selling your tradelines down the road 😉

Here is the calculation breakdown for what I am earning:

Chase $60 per AU x 4 spots (I have two of these cards)

Discover $60 per AU x 2 spots

Barclays $80 per AU x 6 spots 

Total $840 

Now here is the other part to this, I need to keep them as an authorized user for 2 months meaning I get paid every 60 days. $840 x 6 months = $5,040 annually. 

Here is a photo of what I will earn in the month of March 2020

This is one of the easiest ways I have found to make some money! If anyone is interested in the company I work for or if you have questions for me, please feel free to email me!