Building Business Credit
nrealestate subscriber Posts: 1
edited June 2006 in Startup Funding
I recently ordered a kit by Ray Reynolds teaching you how to build business credit. It says that I should do this using credit that I build by forming a corporation. I understand the steps that I need to take as far as building the credit. I do not understand how shares work. I want to start buying and selling real estate but my credit is not strong enough to do this. Is there anyone that has just incorporated and understands how shares work? I feel so silly for not understanding this by doing my own research, although, I would be very open to hearing any ideas or information that anyone would be willing to share with me. I can also give any information about what I have learned also.
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Thank you for taking the time to answer my question and giving me an insight showing me how to go about doing what it is that I am getting ready to do. That is the idea that I had, I just wanted to know if I should do it using my credit or by building corporate credit to do it. I was aware of the fact that I could use the first home as collateral to purchase the 2nd home.
Thanks for the reply!
i see you say you "found" a great reference online - but the website you refer people to is the same one that`s listed in your profile as your blog. are you referring people to your website or is this link you`re recommending sending people to a third party site. i`d just like for it to be clear to the person inquiring here about building credit.
I hope that entrepreneurs as a whole can understand that there is no "Quick" way to create credit... only temporary solutions to help us lauch into our dreams!
Building business credit is tough, and long.
Small Business Owner
Initial Underwriting Group