Burns Funding Case Study: Joshua Kobe’s Story
You have to spend money to make money, or so goes the old adage. It becomes something of a Catch-22: how are you supposed to build up any savings unless you already have a savings built up, with which to do it?
However, you may already have all the tools you need to generate a passive income, without even realizing it. That’s the way it was for Joshua Kobe.
Kobe’s Credit
Joshua Kobe was a banker in the Midwest. Knowing a bit about money and finance by virtue of his position, he knew how to be fiscally responsible. He prided himself on never spending money frivolously. He even drove the same car until it had over 300,000 miles on it. Through hard work and savings, Kobe was able to build up his credit score to 800. By comparison, the average credit score in the United States is 698. So he was already on a good path. But how do you translate good credit into real income?
The answer is, through a loan. With the help of an experienced underwriter, a credit score of 800 can get you hundreds of thousands of dollars in loans. And Burns Funding has a whole team of experienced underwriters.
Opportunity Knocks
Joshua Kobe had been the personal banker of Peter Burns, founder of Burns Funding, about a year earlier. When Burns gave Kobe his business card, it ended up shoved into a drawer and forgotten for months. But eventually, he came across the card and gave Burns a call, to see what Burns Funding could do for him.
Kobe was skeptical at first, though. Was getting into debt really the best path to more money? Hundreds of thousands of dollars in capital seemed great on the surface, but then all that money would have to be paid back, which could take many years. And in the meantime, those monthly payments would just be an extra financial burden. Not to mention the fact that one wrong move could jeopardize the credit score he had worked so hard to build up.
But Joshua Kobe was also smart, and did his due diligence. He knew Peter Burns’ reputation, and the reputation of his company. He made it a point to do further research on both Burns and Burns Funding, as well as the investment opportunity that they were proposing.
Smart Investing
What they were proposing wasn’t just some fly-by-night get-rich-quick scheme. They were real investment opportunities, vetted by Burns Funding’s team of experts. By investing in a number of different opportunities, all carefully vetted, it hedges against failure and increases the overall likelihood of turning a profit.
With the help of Burns Funding, Joshua Kobe was able to secure a loan of $300,000. He plans to use the bulk of it to invest in opportunities vetted and recommended by Burns Funding, such as online stores.
What Kobe discovered was that with the right investments, he could generate an ongoing, passive income, which would, in turn, pay off the loan. Then, once the loan was paid off, that passive income would be his, to do with as he pleased.
The investment opportunities weren’t some scheme to make him extravagantly wealthy. But they would be enough to help him live comfortably without having to worry about finances. And for someone who grew up poor, struggled most of his life, and worked hard for every penny he ever made, that kind of a deal was more than enough for Joshua Kobe.
