Has anybody used Fund & Grow to finance either operations or land acquisitions for their business? If so, what has your experience been? I have several new deal opportunities, and looking into funding options. I listened to the webinar put on by Seth a month or so ago, and found it pretty interesting.
While I am considering deal funding through land investors, I am finding they require anywhere from 35% to 50% (and more if the timeline is longer). Bank loans likely aren’t an easy option currently because my business is relatively new, and would be more difficult to acquire (as well as the timeline/paperwork). If Fund & Grow is legit, I would be looking at $3,500 to get 0% financing for up to a year which would be great for the amount I need to finance and would be giving away a lot less to land funders. My main concern is the high interest past that 0% APR promo, and what happens after that point with the financing.
I know several who have used them. Everyone I’ve talked to has been reasonably happy with the service.
You just have to remember that you’re dealing with credit cards that will eventually get very expensive if not paid off. In other words, you just need to pay close attention to each card and pay it off before it starts charging you interest. As long as you can do that, it’s a pretty good deal in terms of paying 0% interest on borrowed money.
@landmavericks wrote a pretty helpful review about them a few years back, which explains much of what you can realistically expect.
If anyone wants to try them out, you can get a $500 discount on the service if you sign up through the REtipster affiliate link: Fund & Grow
I tried them a few years ago and had a good experience. I got around $70K to work with, which was a big help at the time. I was able to sell all the properties I bought well within the timeframe I needed to pay them back, so that was never an issue for me.
It also earned me lots of points through the cards I used. It paid for a couple of my trips that year!
I have a HELOC now which is a little easier to work with, but funny enough, I’ve paid more interest on my HELOC than I ever did through the business credit cards.
Now that I think about it, maybe I should switch back.
Thank you to you both. Very helpful information, and I am looking to move forward with them.
I shouldn’t have any issues buying/selling the properties within the timelines for the financing, and agree it could get dicey if not paid off on time. For the amount that I am looking to finance ($20k - $50k) it seems like the best option to maximize returns as long as they are used correctly.
Horrible. I signed up with them a few years ago. They apply to the easy ones Chase and American Express first, which anyone can get on their own.
After they receive those, they wont do any more work for you without upselling you on their Coaching package.
Keep in mind, as soon as you receive one, their refund no longer applies.
I regret signng up with them, but learning process on how much I can actually do on my own or even pay a VA to organize the different applications for me.
Hello Beau, I am about 5 months into using Fund and Grown and am happy with them so far. I think I got around $70,000 funding available the first round, and they told me I think they can do up to 3 rounds a year to try to get people closer to $200,000.
Each membership comes with 2 slots, and each of those slots is a completely separate account where information is kept confidential from the other slot. I do have 1 slot open on my membership and am happy to set up a phone call or Zoom call with you to talk about that or any questions about my experience so far.
Just let me know if you want to set up a time to chat.
Hey Nicholas
I did pull the trigger and got $60k funding my first round from Chase and Amex which is pretty much what I am looking for. If I have more questions or something seems off along the way, I’ll let you know but I’ve just started and things seem goo so far.
My biggest concern is just making sure things are paid off before the 1 year 0% APR is finished or else it could be an issue. I’m going to leave myself several months of room and hopefully can fund 2 rounds of deals in that timeline.