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The Best Ever CRE Show

JF1671: Funding Your Real Estate Business With Business Credit #SkillSetSunday with Gerri Detweiler

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7996 Ratings

🗓️ 31 March 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

Gerri has been involved in consumer credit education for many years, even writing a book on it. Gerri was hearing from real estate investors that people were getting scammed trying to get credit for their real estate business. She’s here today to explain how we can get credit for our businesses and how to spot a scam. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!    Best Ever Tweet: “I’m not aware of any major credit card issuer that issues a business credit card without a personal guarantee behind it” - Gerri Detweiler Gerri Detweiler Real Estate Background: Education director for Nav.com, the first site to give business owners free person and business credit scores 20 years of experience in the credit industry Based in Sarasota, FL Say hi to her at https://www.nav.com/freeaccount   Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Did you know that within a decade women will hold $30 trillion in investable assets?

0:05.3

Yet somehow only 19% of women reported feeling confident in selecting investments that align

0:11.0

with their long-term goals. Our friends at Invest Her are out to change. that and it's happening June 2nd through the 4th in Austin, Texas.

0:23.0

InvestHERCON is not just another real estate conference.

0:27.0

It's a transformational experience focused on real estate investing,

0:31.0

business strategies, and self-care tactics, all designed to help women take

0:35.5

control of their financial futures. Gain the knowledge and skills you need to grow

0:40.0

your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.

0:48.0

To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.

0:56.6

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1:00.6

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1:05.0

It is a way to build credit, is the way to keep those activities off your personal credit,

1:09.4

but I'm not aware of any major credit card issuer that issues a business credit card that does not have a personal guarantee behind it.

1:15.2

So if you do, if the business does fail, you would be on the hook personally for that debt.

1:19.9

It's that time of year again, tax season.

1:22.5

Dun on on.

1:24.0

How are you doing on tax season?

1:25.5

How's that treating you so far?

1:27.2

Well, if you have a lot of receipts and you're organizing things

1:30.6

like your income and expenses and creating reports and you're also trying to

1:34.4

keep up the date with the new tax reform this year. There's a lot of deductions

1:38.2

that we can take to maximize return and there's a lot of strategies that we need to make sure we're aware of,

...

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