In the real estate investor world, you either become the agent to minimize costs or hire one which is expensive. Roughly 3% of each sale will go to pay the commission for your agent so how do you offset that cost?
What if I were to tell you that you could sell or buy a home and get American Express points for the transaction simply by completing the sale. Sounds too good to be true right?
The good news is, Real Buyers Network (RBN) partnered with American Express in creating a referral network of real estate agents for customers to get matched with high quality agents. And, to create an incentive to use their network, RBN’s customers will get 1 Amex Point per $1.00 of the sale price of the home being sold or bought. This method is also endorsed by “The Points Guy,” an online publication that highlights credit card perks and gives in-debt reviews for each brand.
Now, combine this concept with all the potential points that investors may earn by charging repair costs and paying contractors with business credit cards. For example, The American Express Business Gold card earns 4x on hardware stores and some suppliers if that’s your highest spend category. Pair this together with the Blue Business Plus card with 2x on every purchase and you end up with an average of 3x points on the entire rehab of the property.
300,000 Amex Points were credited to my Membership Rewards Account within days after closing…
In short, my Net profit increased by $3,900 after valuing the Amex points earned! I’ve used this method 2 times now, leading to 800,000 earned American Express Points.
Now, for the savvy points traveler, those Amex points could be valued much higher when used to purchase first class airline tickets or by transferring those points to a travel partner of American Express who frequently offer bonuses. Currently, the Air France KLM/ Flying Blue transfer bonus is 25% which could maximize those points even more!