Manufactured Spend with Rental Properties*

Old Jun 23, 16, 12:09 pm
  #1  
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Join Date: Sep 2013
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Manufactured Spend with Rental Properties*

Hi All,

I own 14 rentals and my contractors do quite a bit of rehabbing with them. My most lucrative route to get points is through Bold Ink at office supply stores for gift cards for my rehabs. I'm looking for another MS or way to build points in the real estate area. Has anyone had success anywhere? Would love to hear from a few who are!

Cheers!
Matt Newman is offline  
Old Jun 23, 16, 7:51 pm
  #2  
 
Join Date: Jan 2016
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Originally Posted by Matt Newman View Post
Hi All,

I own 14 rentals and my contractors do quite a bit of rehabbing with them. My most lucrative route to get points is through Bold Ink at office supply stores for gift cards for my rehabs. I'm looking for another MS or way to build points in the real estate area. Has anyone had success anywhere? Would love to hear from a few who are!

Cheers!
That would depend on what cards you have. I used a 2% card today to pay for a new A/C unit at rental.
fumnibbler is offline  
Old Jun 24, 16, 1:03 am
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Join Date: Feb 2003
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Doesnt Ink Bold have a yearly spending/point limit ?
Alcibiades is offline  
Old Jun 24, 16, 2:23 am
  #4  
 
Join Date: Dec 2013
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Originally Posted by Alcibiades View Post
Doesnt Ink Bold have a yearly spending/point limit ?
50K @ 5x
Mystiqz is offline  
Old Jun 24, 16, 8:02 am
  #5  
 
Join Date: May 2016
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Originally Posted by Matt Newman View Post
Hi All,

I own 14 rentals and my contractors do quite a bit of rehabbing with them. My most lucrative route to get points is through Bold Ink at office supply stores for gift cards for my rehabs. I'm looking for another MS or way to build points in the real estate area. Has anyone had success anywhere? Would love to hear from a few who are!

Cheers!
What giftcards do you buy most often for such activities? Home Depot/Lowes?
sammycat is offline  
Old Jun 25, 16, 8:09 pm
  #6  
 
Join Date: Dec 2013
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You could open new CCs with your LLC or whatever else your business is that you're renting these properties out under. Signup bonuses are worth so much more than normal spending bonuses...
ostornadoe1 is offline  
Old Jun 26, 16, 5:13 pm
  #7  
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Hey guys -- thanks for the notes. I have opened up bold inks for each of my three businesses so I am capped at $150k spend a year (I don't hit that much... about $70k spend tops, which is where most of my points come from).

Yes, I purchase Lowes GCs from Office Depot usually and use those for materials -- give them to my contractors to purchase materials. This is nice because they don't have my credit card and only have a set amount depending on our bid.

My current cards are bold ink (3 business ones), and several other Chase cards. I am capped at Chase cards for the next year -- over the alloted amount they give you in a 2 year period.

I have mercedez platinum, two SPG cards, a hyatt card, a hilton card.

That's all. Wasn't sure if there was another card that may be beneficial. The bold ink is my primary card but not everything I do requires a gift card. Also, for paying mortgages, etc., does anyone have any suggestions?
Matt Newman is offline  
Old Jun 26, 16, 7:26 pm
  #8  
 
Join Date: Jul 2014
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Buy money orders and unload them on your mortgage. I do this for my primary cuz my loan got sold to Wells Fargo. I go to the branch and This generates 2500 of 5% cash back category spend for me a month via obc.

Another way is to buy discounted gift cards with the vgc via the online brokerages. You can either use it (home Depot or lowes) or You can also gift/donate to charity at full face value.
windowandaisleseatonly is offline  
Old Jun 28, 16, 6:17 am
  #9  
 
Join Date: Jul 2014
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Originally Posted by Mystiqz View Post
50K @ 5x
This is what I do... buy those materials with GC that were purchased with 5% CB card...

you can grow that discount even more with a little creative thinking...

and, that's all I have to say about that.
PenneyPincher is offline  
Old Jun 28, 16, 6:22 am
  #10  
 
Join Date: Jul 2014
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Originally Posted by windowandaisleseatonly View Post
Buy money orders and unload them on your mortgage. I do this for my primary cuz my loan got sold to Wells Fargo. I go to the branch and This generates 2500 of 5% cash back category spend for me a month via obc.

Another way is to buy discounted gift cards with the vgc via the online brokerages. You can either use it (home Depot or lowes) or You can also gift/donate to charity at full face value.
And this too...
PenneyPincher is offline  
Old Jun 28, 16, 6:42 am
  #11  
 
Join Date: Jan 2016
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Originally Posted by Matt Newman View Post
Hey guys -- thanks for the notes. I have opened up bold inks for each of my three businesses so I am capped at $150k spend a year (I don't hit that much... about $70k spend tops, which is where most of my points come from).

Yes, I purchase Lowes GCs from Office Depot usually and use those for materials -- give them to my contractors to purchase materials. This is nice because they don't have my credit card and only have a set amount depending on our bid.

My current cards are bold ink (3 business ones), and several other Chase cards. I am capped at Chase cards for the next year -- over the alloted amount they give you in a 2 year period.

I have mercedez platinum, two SPG cards, a hyatt card, a hilton card.

That's all. Wasn't sure if there was another card that may be beneficial. The bold ink is my primary card but not everything I do requires a gift card. Also, for paying mortgages, etc., does anyone have any suggestions?
You can do a lot better purchasing them online than at Office Depot.
fumnibbler is offline  
Old Jun 28, 16, 4:21 pm
  #12  
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There are no fees on the office depot lowes cards but yes, Staples sells in bigger quantities which I have now transitioned to. PenneyPincher -- do you mind if I DM you on the next step. It sounds like you're doing something similar.
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Old Jun 28, 16, 4:40 pm
  #13  
 
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Originally Posted by windowandaisleseatonly View Post
Buy money orders and unload them on your mortgage. I do this for my primary cuz my loan got sold to Wells Fargo. I go to the branch and This generates 2500 of 5% cash back category spend for me a month via obc.

Another way is to buy discounted gift cards with the vgc via the online brokerages. You can either use it (home Depot or lowes) or You can also gift/donate to charity at full face value.
You use your OBC to buy money orders directly at the branch? Or just the usual purchase of gebit to money order? Or am I misunderstanding?
riverdoglb is offline  
Old Jun 28, 16, 5:41 pm
  #14  
 
Join Date: Jan 2016
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Originally Posted by Matt Newman View Post
There are no fees on the office depot lowes cards but yes, Staples sells in bigger quantities which I have now transitioned to. PenneyPincher -- do you mind if I DM you on the next step. It sounds like you're doing something similar.
But online they are 10-15% off... Where in store you just get the cash back, I doubt you're getting 10-15% cash back at Offife Depot.
fumnibbler is offline  
Old Jul 7, 16, 7:53 pm
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Originally Posted by riverdoglb View Post
You use your OBC to buy money orders directly at the branch? Or just the usual purchase of gebit to money order? Or am I misunderstanding?
Vgc-> MO -> mortgage
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