Accredited Income Property Investment Specialist (aipis)

AIPIS 102 - Ty Crandall - The Process of Building Business Credit

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Sinopsis

The last thing you want when building your business is to be personally liable for acquired debt in the event of a down market. Many investors may not be aware of the significant differences of building business credit using personal information such as a Social Security Number versus building business credit without using personal information. Our guest, Ty Crandall is the CEO of Credit Suite, a business which builds business credit for others. He has over 16 years of experience in the finance industry and is a renowned speaker on building business credit and credit scoring.   Key Takeaways: [2:04] What is business credit used to purchase income properties? [3:17] Consumer credit is not designed to build a business [5:42] If you supply your social security to a credit agency you are personally liable [7:51] The 3 types of credit - Personal, business and bank [9:43] Using credit to get big by using business credit [11:23] There are a few basic steps to getting business credit [12:54] Rent a virtual physical b