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For a TL to report to DnB, do you have to make a purchase?


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Yes you have to use them first.. Although Grainger will show up as $0 if you don't but that does nothing..

 

Don't even worry about Dell your a long long way off from that one. Amazon is also a ways off.

 

What business you in?

Edited by Brndnh721
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Yes you have to use them first.. Although Grainger will show up as $0 if you don't but that does nothing..

 

Don't even worry about Dell your a long long way off from that one. Amazon is also a ways off.

 

What business you in?

Real Estate

I'd like to get into this feild.

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Real estate related businesses typically fall into a higher risk classification with creditors and business CRAs. Their actuaries generally have them placed in an unfavorable light if they are not well established. Not a business I would want to be in.

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Real estate related businesses typically fall into a higher risk classification with creditors and business CRAs. Their actuaries generally have them placed in an unfavorable light if they are not well established. Not a business I would want to be in.

Exactly why I asked if he had two companies.. You don't want to be mixing two businesses like that together or really anything with real estate.. Curious to see what he is doing with real estate with his current credit situation.

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Real estate related businesses typically fall into a higher risk classification with creditors and business CRAs. Their actuaries generally have them placed in an unfavorable light if they are not well established. Not a business I would want to be in.

Exactly why I asked if he had two companies.. You don't want to be mixing two businesses like that together or really anything with real estate.. Curious to see what he is doing with real estate with his current credit situation.

The best part about real estate is that you can make money without ever revealing your personal credit worthiness. You can wholesale houses and make some huge commissions on the transaction. $5000 all the way up to $30,000 depending on the how motivated the seller is. This is the best way to get your feet wet in the RE markets - which is where I started - no credit needed.

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I did not say re was the best business out there or anything related to credit. It's just something I think I would enjoy. And that's what matters.

You're absolutely right. RE is a great business. People are always moving, 1.5 million college grads every year need a place to live, selling to up/downgrade, marriage....If you compare RE to the stock market, even with RE fluctuating, it has proven an overall substantial growth. There are soo many ways to generate income in real estate without ever having to prove your financial stance. Which is why I am using it to rebound and rebuild my credit situation. You don't even need an LLC to do it.

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