Business Credit Score?

[Account Closed]

I am going to start building my credit with a secured credit card when I turn 18 to make it easier to get the financing for income property. I recently started researching entities and I can across something called a series LLC which would allow me to keep all the property under one LLC but "separate" as well function as a holding company to acquire other assets. Long story short we both know the wealthy are made of borrowed money...would my LLC have a separate credit score from my personal score. If so how would I build it?

[John D.]

@Account Closed I believe it goes without saying. You should definitely try to keep your personal credit in order at all times. So the short answer to your question is...you should focus on both especially since it seems you have a gameplay for your REI career.

You mentioned you are not 18 yet.  One thing you can do is talk with your parents to see if when you turn 18, they can link your name to any of their credit cards.  I'm not saying they have to give you access to their accounts, but by having your name linked as an authorized user...you will be able to establish a score quicker.  I did this with my son who is in the Navy and he had a low 700 score around 4 months after his 18th bday.

Hope that helps. I wish I had started on my REI career when I was 18 ;)