
18 May 2018 | 26 replies
"pass through", can own other corporations, and offers the ability to have a "Cafeteria" plan- that is, you can (provided you meet all the requirements-- namely offering the SAME package to ALL employees-- again, see your tax / legal professional) pay for things like your health club membership, an automobile lease, and other benefits with pre-tax dollars.I use separate LLC's for buy and hold, and quick-turn or "Dealer" properties to avoid the risk of the IRS calling ALL my properties "dealer" properties.Rule of thumb you're going to need two years of business history (at least be established for two years) to start applying for business credit-- but depending on the credit worthiness of the owners, or a collateral, etc. you may be able to get a line of credit sooner.From Credit Repair to Credit Millionaire describes this in detail, and a guy named Tom Kish has a good product on this, too.

25 October 2018 | 46 replies
@Doug Utberg the interesting thing with most of the troubled retailers is they are not bank credit worthy.
27 April 2022 | 7 replies
I think this was legislation requiring banks to lend more to creditworthy borrowers, even in not so "prime" locations.

19 December 2023 | 42 replies
The investor must be credit-worthy, and meet the financial requirements of that institution, ie X months of interest payments, + X% of contingency funds.

14 October 2020 | 29 replies
I still do my criminal background checks and use credit worthiness to approve potential tenants.

30 December 2022 | 2 replies
However, unlike the 2008 crash, the stock market rebounded back by May of 2020, largely in thanks to an enormous amount of stimulus money and slashed interest rates.The stock market crash of 2008 was spurred by defaults on consolidated mortgage-backed securities, which were directly tied to the loans banks were handing over to potential homebuyers regardless of their creditworthiness.

20 November 2022 | 3 replies
@Jason CroweInvestment loans are about 3 things; Credit Worthiness, Cash Flow, and the Collateral.

2 January 2023 | 11 replies
Back during the Great Recession, credit lines were closed/frozen for very credit worthy people.

6 December 2014 | 6 replies
The security deposit might be 1 or 2 months depending on the creditworthiness.

22 July 2016 | 32 replies
I am going on a decade working for a large bank, and yes credit worthy borrowers get punished in downturns as the bank tightens policies.The funny thing is banks seem to never learn from the past.