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Airbnb Business Tips

How To Use Business Credit To Start An Airbnb Business

Airbnb has become one of the most popular forms of lodging for many people across the world. What many don’t know, is that they can build a massive fortune by utilizing their business credit to fund an Airbnb ownership strategy and quickly build wealth. In this article, we explore the reasons why business credit is important in this process and how you can start today!

 

Airbnb Business Tip

Read More: 10 Home-Buying Mistakes To Avoid
Read More: Business Loans and 22 Credit Lines for Startups
Read More: Types of Unsecured Business Loans and Financing
that Every Business Owner Should Know About
Read More: Business Credit Scoring Explained

 

➤ Need Funding or Building Your Business Credit? Click Here
➤ Need to Boost Your Credit Score? Click Here
➤ Connect with us on Facebook: TyeStyle Credit Solutions LLC
➤ Follow The Credit Lady on Instagram: @TyeStyleCreditLady

*Connect with us on Facebook: TyeStyle Credit Solutions LLC
*Follow The Credit Lady on Instagram: @TyeStyleCreditLady

 

 

Many people know that the current real estate market is booming. As a result, owning properties has become a huge way for people to earn passive income. The most spectacular part about this is that it’s entirely possible for the everyday person to partake in property ownership: through Airbnb!

 

Within the last few years, Airbnb has built a massive reputation as an incredibly popular and inexpensive lodging options. It also offers many opportunities for real estate investors who seek to diversify their income streams. In fact, buying Airbnb property is one of the best new ways to invest in real estate. Many hosts now own multiple properties which generate enough rental income for them to quit their day job! Acquiring an Airbnb, as with anything, will cost you money, however. Furnishing and preparing it for guests is also pricey. Most individuals looking to purchase a rental property aren’t strapped with cash—and so they’re stuck wondering, “how can you practically finance an Airbnb?”

 

The answer is quite simple but requires some carefully planned steps. Many lenders may scrutinize your decision due to the short-term nature of the investment, contrary to standard investment loans for traditional real estate. As such, there is one powerful method you can use to finance your property: business credit. Just like your personal credit scores and profile, every individual has a business credit profile which they can tap into for funding towards investments. Obtaining business credit, however, is a process in and of itself and cannot be taken lightly. The good news is, it’s entirely possible to start today!

 

How To Setup Business Credit Quickly

Did you know it’s possible to make more money with Airbnb than with a typical long-term rental? There are also over 3,000,000 people daily who are searching online for Airbnbs to rent and stay in. There are currently more Airbnb millionaires than ever before! The key to building your earnings lies in combining your business credit with Airbnb.

As you know, there are three different credit reporting bureaus within the personal credit domain: Experian, Equifax and TransUnion. All three of these bureaus handle and report your personal credit information. This can include car loans, home mortgages, student loans or credit cards, they all list on your credit report. This includes how you pay them, what the limit is, how much you owe, etc. This same thing exists for businesses. In this world, however, the three major credit reporting bureaus are Equifax Business, Experian Business, and Dun & Bradstreet. Dun & Bradstreet is the number one agency amongst the rest. It’s actually easy to start getting a business credit profile setup and get funding in months. Most people don’t even know that you can have business credit, and these tradelines only report to your business credit profile and not your personal credit report. With business credit, you can obtain more funding than  you ever could with just your personal credit!

The first step in the process is to set up a business. It’s easy to do, and any business can have business credit. You will need some form of business—either an LLC, S Corp,  C Corp, etc. You will also need a email, website and a professional phone number. After this, Dun & Bradstreet will let you set up a business credit profile for absolutely free. Once you build a profile, you begin by borrowing money, build your credit, and then use your credit lines to purchase things for your Airbnb and start your business.

 

Using Your Funding To Secure An Airbnb Property

The next step in the process is to use your business credit profile to get vendor credit and store credit. Stores such as Walmart and Costco will lend money to your business through business accounts to buy items from their stores and pay them back over a long-term period in smaller amounts. Once you have your business set up, you can purchase furniture, get business credit cards, and get everything else you need to furnish and purchase your Airbnb.

Many property owners can get everything you usually see in an Airbnb through American Express, Chase Business Card, Capital One, Bank of America—virtually any bank business credit card to fund the property and grow their earnings. Some owners have ten or twenty properties, entirely funded through business cards!

You can also use business credit to put the properties in your business’s name. So not only can you use credit cards to furnish and equip your properties with pots, pans, plates, couches and the like—you can literally get the property with business credit. You can lease properties in your business’s name, get corporate leases in your business’s name, and rent them through Airbnb with the landlord’s permission. This is all entirely possible by using business credit, so you don’t have to spend any of you your own personal savings or use your own personal credit cards.

Take advantage of the immense opportunities which Airbnb property ownership offers by establishing and building your business credit portfolio today!

 

➤ Need Funding or Building Your Business Credit? Click Here
➤ Need to Boost Your Credit Score? Click Here
➤ Connect with us on Facebook: TyeStyle Credit Solutions LLC
➤ Follow The Credit Lady on Instagram: @TyeStyleCreditLady

*Connect with us on Facebook: TyeStyle Credit Solutions LLC
*Follow The Credit Lady on Instagram: @TyeStyleCreditLady

Read More: 10 Home-Buying Mistakes To Avoid
Read More: Business Loans and 22 Credit Lines for Startups
Read More: Types of Unsecured Business Loans and Financing
that Every Business Owner Should Know About
Read More: Business Credit Scoring Explained

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Through your finance suite you can:

  • Walk through all the necessary steps to setup your business credibly to meet credit issuer and lender approval criteria
  • Get access to your Experian Smart Business data so you can track your business credit building in real time
  • Learn how your business credit reports and scores work, and access paid credit monitoring through Dun & Bradstreet, Experian, and Equifax
  • Get access to vendors who will give you credit that reports to the business reporting agencies, even if you have no credit reported now
  • Get HIGH limit, revolving, store credit cards in your business name including Amazon, Walmart, BP, Chevron, Staples, Office Depot, Sam’s Club, BJ’s, Best Buy, and most other major retailers
  • Get access to fleet credit, cash credit cards, and auto vehicle financing without a personal credit check or personal guarantee

Setup your business credibly, establish a positive business credit profile and score quickly, obtain vendor, store, fleet, and cash credit in your business name with business reporting, and become more lendable by building your business credit.

Easily Get Credit & Financing to start & Grow!

We help you get business credit for your company EIN that’s not linked to you personally, or your personal credit. Secure HIGH-limit vendor, store, fleet, and cash credit in your business name without a personal guarantee or personal credit check. No collateral or cash flow is required for approval.

We also help you secure business loans and credit lines with great terms, even if you’ve been told “no” at your bank. Access low interest credit lines and long term loans, and get funding in 72 hours or less. We help you get approved even if you are a startup, have credit issues, or have no collateral.

Complete the quick form to the right for your no-cost business credit and financing consultation to learn more about the credit and financing you can qualify for now.

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