Posts tagged "financing"

JC 071: Charging into the World of Finance with Bruce Mack

July 17th, 2019 | no comments

Empowering Small Business Growth Through Creative Funding Opportunities

Bruce Mack, owner and founder of Platinum Financing Group (additionally Platinum Trust Group), knows that his funding options and asset protection programs are the perfect solution for all business owners to achieve complete financial freedom. As a licensed financial advisor and former owner of a licensed and bonded credit repair company, Bruce empowers small business growth through customized funding options, including lines of credit, corporate credit building programs, and more. He’s especially passionate about educating clients on asset protection and the tax mitigation benefits of his unique, specialized Business Trust.

Bruce Mack joins John Carney today in The Real Estate Locker Room and shares his expertise on how to help you find the right funding option for your business. Tune in and learn how to protect your assets and mitigate your taxes.

Five Key Points:

  1. Preparation is everything. If you don’t plan to succeed, then you’re planning to fail.
  2. Envision and look at and think about your goals every day. This is a perfect way to make your dreams to become a reality.
  3. Two big needs of real estate investors are 1) getting the money and 2) keeping the money. Asset protection is very important.
  4. Single Member LLC or Partner LLC can be pierced and are not your saving grace. You need to focus on protection.
  5. Get a specialized type of trust that has unyielding asset protection and tax mitigation. If you are a “dealer” you will have to pay an unemployment tax. However, if you sell the assets to your trust, you cannot be cast as a “dealer”.

Favorite Sports:

  • Skiing

Favorite Athlete:

  • Rudy Ruettier 

Favorite Books:

Pro tip:

  • If you are not passionate about something or you don’t love it, move on. Find something that is your passion and then absolutely focus on it. Don’t let anyone dissuade you and steal your dream. 

Reach Out to Bruce Mack:

Thank you Bruce Mack for taking the time to share your expert financial advice with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 064: Building Business Credit with Ty Crandall

April 10th, 2019 | no comments

Grow Your Business With Revolving Credit

Ty Crandall is widely recognized as an authority in business credit building, business credit sourcing, and business financing. He is an internationally know key note speaker and the author of two popular books, Perfect Credit and Business Credit Decoded. Ty is the CEO at Credit Suite – the biggest business credit coaching operation in the United States.

Ty Crandall joins John Carney today in The Real Estate Locker Room to give corporate professionals actionable advice on getting, improving or repairing their credit. In the real estate industry, Ty and his company work with real estate agents and real estate investors – from creating their own entity, forming their own business to better handling expenses, and getting the financing they need for their business. He got into this space by owning a mortgage company at the height of the mortgage industry, and experienced the whole thing collapse. From living through that, he wanted to be an advocate and educator to other business owners about business credit – what it is, how it works, and how to get it.

Five Key Points:

  1. Lenders and creditors have somewhat of a secret formula they’re looking for, and it has to do with credibility more than anything else. Before you try to get any kind of credit, get your business name set up, a company phone number (not your mobile number), a professional website, a custom email domain, and a business address.
  2. After setting up your business credibility, start establishing some initial credit like through vendors, using your good credit to get more credit, or adding existing accounts you already have to your business credit reports.
  3. We’ve been conditioned in the consumer world that debt is bad. However, in the business world, that’s not the case. For example, Apple is sitting on more cash than we’ve ever seen in the business world, but they also borrow more cash than anyone else in the business world.
  4. 90% of businesses fail. The two biggest reasons they fail is lack of access to capital and management mistakes. So, get revolving credit. Getting a credit card that has no fee involved unless you’re actually using the credit is a smart business move. You have the credit if you need it, and if you don’t, no harm done.
  5. Success happens when preparation meets opportunity. Take action, and get access to capital before you actually need it – it can save your business or propel you forward.

Favorite Sports:

  • Baseball
  • Soccer
  • Tennis
  • Wrestling

Favorite Athlete:

  • Derek Jeter – Former Pro Baseball Player for New York Yankees

Favorite Books:

Pro tip:

  • If you’re going to function at a high level as an entrepreneur, you need to take care of your body. What you put into it is what you’ll get out of it – from nutrition and exercise to meditation and quality sleep.

Resources Mentioned:

Reach Out to Ty Crandall:

Thank you Ty for taking the time to share your experience and enthusiasm about business credit with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

 

© John Carney 2019