Yeah but I wasn’t taught or had been around anyone in that arena of life. It was go to school get a good job… I’m 43 and I’m paying for what I didn’t learn in my 20’s on top of unlearning what I learned and relearning what I’ve should’ve learned.. lol I’m still blessed to not give up and have a passion in starting businesses while trying to teach my kids(5) oldest is 21 youngest is 2❤
This is for people with good personal credit. He has no experience coming from nothing or coming from bad personal credit and it shows. He can’t even explain how to maneuver and get a business loan with bad personal credit. He speaking on how he wouldn’t deal with those type of people (bad credit) but forgetting he was born with a 700. Nothing wrong with that but don’t speak where you don’t stand or never stood. What he’s doing is easy. Who can’t get a loan with 700 credit score? Those people could do that themselves.
If you’re a real estate investor what do you tell the banks. Seems like once they find out they don’t give me a credit card even though I check all the other boxes
Every business has a standardized classification code called a NAICS number. Some NAICS numbers may deemed risky businesses or industries which reduces the amount of money banks are willing to lend to you. While “Real Estate Investor” may sound sophisticated and sexy to you… It may be signaling to the bank to be cautious of you. The best way to know is to do a google search for “High Risk NAICS”. Hope that helps…
@@jaws2003 they often have worse rates and terms. People think because they deal with veterans they’re on the up and up. They use that goodwill to pull one over on people.
This guy is privileged and clearly forgetting to mention mommy and daddy co-signing to get him started. If someone is making 500k per year salary they don’t need help! If everyone had 1m a year in revenue we would t need to watch this podcast 😂 He had some good points and clearly has seen some success but this isn’t the best person to give advice. You gonna be in a hole listening to him and he isn’t telling it all. He had a Co-signer cause he is way too young for those type of limits. There are other ways you can get free money for your start up like federal and corporate grants that don’t knock your personal credit report. I came up on 80,000 in FREE MONEY over the last 6 months. This is after I damaged my personal credit trying to build my business Taking advise from people like this guy! Don’t use your personal credit folks. Hire a grant writer and get free money. The odds are already against you just starting out. Get as much for free as you can and slowly build your business credit.
Business credit doesn’t affect your personal credit. Register an LLC. Apply for an EIN. Open up a “business” bank account. Get a Dun & Bradstreet number. Those are all free… Your EIN. Number is your business’s SSN. I really think you need a financial advisor because your business credit has nothing to do with your personal credit. You shouldn’t even be mixing them.
Business credit using your personal credit 😂 is this guy serious?! Y would u do that? Especially if u have bad credit.. hmu if u wanna know the right way to do this
He said a business credit card uses your personal credit. That is true. 99% of people who apply for these won't have business credit worth betting against. So he is talking to the majority audience listening to this
@@devinm4013i can see that.. I agree.. BUT, it's not the ONLY way.. You can build your business credit up w/out using personal credit.. A lot of people (unfortunately) don't have good credit due to personally financing their startup businesses.. so doing a PG won't work for them
When you have a brand new LLC and you don’t have any business credit. Or any business for that matter you have to use your personal credit. You typically need a 700 plus credit score. But you can have a 680 minimum. To show the banks that you are a good borrower. And you can project how much income you think you will make by the end of the year. You have to personally insure that you will pay that money back.
The main thing you’ll need is an EIN number which is free to register. An EIN number is essentially your business’s SSN. You should never be using your personal credit to apply for business credit. That’s what your EIN is for…
the relationship manager is a good point and the questions
....respectfully
Borrowing money is easy. It's the paying it back part that people seem to have trouble with...
Yes because they don’t have a plan on the pay back part which your business is the supporting cast
signed up for recourse for 399 bunch of spam offers to buy more stuff. Would you recommend going to that link😢
What if you got bad credit can you still get a buisness credit card???
naw. you cant. gotta clear your personal credit history first. than never again use personal CC, utilize Business Credit there after.
I can't find his Instagram what is it
🔥🔥🔥
How do i get in touch with this guy
I know more than him. I’m an X bank underwriter! I know how to get the money
A lot of these people are defaulting. The rise in rates has bankrupted the losers. Everyone over 40 should be a multi millionaire
sounds like the losers didn’t grab the 0% cards
Yeah but I wasn’t taught or had been around anyone in that arena of life. It was go to school get a good job… I’m 43 and I’m paying for what I didn’t learn in my 20’s on top of unlearning what I learned and relearning what I’ve should’ve learned.. lol I’m still blessed to not give up and have a passion in starting businesses while trying to teach my kids(5) oldest is 21 youngest is 2❤
This is for people with good personal credit. He has no experience coming from nothing or coming from bad personal credit and it shows. He can’t even explain how to maneuver and get a business loan with bad personal credit. He speaking on how he wouldn’t deal with those type of people (bad credit) but forgetting he was born with a 700. Nothing wrong with that but don’t speak where you don’t stand or never stood. What he’s doing is easy. Who can’t get a loan with 700 credit score? Those people could do that themselves.
If you’re a real estate investor what do you tell the banks. Seems like once they find out they don’t give me a credit card even though I check all the other boxes
Property management advisor
Every business has a standardized classification code called a NAICS number. Some NAICS numbers may deemed risky businesses or industries which reduces the amount of money banks are willing to lend to you. While “Real Estate Investor” may sound sophisticated and sexy to you… It may be signaling to the bank to be cautious of you. The best way to know is to do a google search for “High Risk NAICS”. Hope that helps…
You don’t tell them that! You need an LLC and take the money using a “consulting” LLC
Hit me up
@@Wisdom_Paramore are you still giving advice on this??
Another so call guru that doesnt know the importance of a business credit report... When ever they say something bad about net 30s.
Navy Federal is highly predatory
It depends on your credit, if you have a good credit score you will get good rates , that applies to every bank.
How is Navy Federal predatory?
@@jaws2003 they often have worse rates and terms. People think because they deal with veterans they’re on the up and up. They use that goodwill to pull one over on people.
The goat!!
This guy is privileged and clearly forgetting to mention mommy and daddy co-signing to get him started. If someone is making 500k per year salary they don’t need help! If everyone had 1m a year in revenue we would t need to watch this podcast 😂
He had some good points and clearly has seen some success but this isn’t the best person to give advice. You gonna be in a hole listening to him and he isn’t telling it all. He had a Co-signer cause he is way too young for those type of limits.
There are other ways you can get free money for your start up like federal and corporate grants that don’t knock your personal credit report. I came up on 80,000 in FREE MONEY over the last 6 months. This is after I damaged my personal credit trying to build my business Taking advise from people like this guy! Don’t use your personal credit folks. Hire a grant writer and get free money. The odds are already against you just starting out. Get as much for free as you can and slowly build your business credit.
Business credit doesn’t affect your personal credit. Register an LLC. Apply for an EIN. Open up a “business” bank account. Get a Dun & Bradstreet number. Those are all free… Your EIN. Number is your business’s SSN. I really think you need a financial advisor because your business credit has nothing to do with your personal credit. You shouldn’t even be mixing them.
Business credit using your personal credit 😂 is this guy serious?! Y would u do that? Especially if u have bad credit.. hmu if u wanna know the right way to do this
Bro. Respectfully, you don't have content. Am interested though.
He said a business credit card uses your personal credit. That is true. 99% of people who apply for these won't have business credit worth betting against. So he is talking to the majority audience listening to this
@@devinm4013i can see that.. I agree.. BUT, it's not the ONLY way.. You can build your business credit up w/out using personal credit.. A lot of people (unfortunately) don't have good credit due to personally financing their startup businesses.. so doing a PG won't work for them
When you have a brand new LLC and you don’t have any business credit. Or any business for that matter you have to use your personal credit. You typically need a 700 plus credit score. But you can have a 680 minimum.
To show the banks that you are a good borrower. And you can project how much income you think you will make by the end of the year.
You have to personally insure that you will pay that money back.
The main thing you’ll need is an EIN number which is free to register. An EIN number is essentially your business’s SSN. You should never be using your personal credit to apply for business credit. That’s what your EIN is for…
These people are why the average American can’t get ahead. We pay for them to have a nice life.
These businesses are usually bs
Nothing is stoping you from doing the same…
Tell me his instagram
@NestiGee