CW 632 – Gerri Detweiler – Buy Real Estate or Anything with Business Credit

Using your personal credit as a vehicle to obtaining business credit is unnecessary and a waste of time. It is possible for your small business to get higher credit limits by buying a shelf corporation which has been properly aged. If you are doing business in an industry deemed “risky” it may be harder to get business credit, but not impossible. Jason’s guest, Gerri Detweiler shares little known but very important tips and tricks to NAVigating the business credit system including who reports pay schedules and why it’s good to use Facebook like everyone is watching (*hint - it’s because they are).   Key Takeaways:   Jason’s Editorial: [2:38] Questions from investors about self-management & property appreciation [11:20] Baltimore, Philly and the rest of Pennsylvania [15:10] Kari’s personal rental in California [18:14] Fixing and Flipping? There is an app for that [19:01] JHU Live on March 12th in Salt Lake City, Utah   Guest Interview Gerri Detweiler: [20:55] The reason why shelf corporations are attractive [25:22] Leave your personal credit out of your business [28:21] Business credit and small business loans [32:16] Business credit reporting agencies [36:10] The mystery which is business credit [37:55] How do you know whether or not you have a business credit rating? [39:44] Getting started with business credit is very easy so why wouldn’t you do it [41:16] Transitioning to business credit [42:41] Equity crowdfunding and how it gets interesting for business owners [46:46] Character in lending [47:42] Contact Gerri & get the book     Mentions: Jason Hartman We Go Look Property Fixer Jason Hartman University Finance Your Own Business NAV Experian Dun & Bradstreet Kiva Zip Corporate Direct