Hi, Dave. We had the same issue when wanted to buy a house. You know what kind of advice I got on that? One of the options is to pay the car payments from our business account. After 12 months we can proof that business is paying for them. It can help to be “free” from that debt 👍🏻
Hey Dave! I am currently in this dilemma of home buying and trying to start Turo. Thankfully I saw this before I made a decision. I know I need to buy a home first! However, I will want to buy more houses in the future. So, if I want to I also want to buy cars, how do you recommend I do that?
Thanks for the information. So basically all of your vehicles were financed using your personal credit and not Business Credit tote clear ? Do you currently purchase vehicles using Business credit ?
Hey Dave! I’m in college (Soph) and my credit score is very high and I already have a personal car that I’m still paying a note on. I’m always on time. What is my next step? I’m very interested in doing this
Sir, you’re a God send. I was debating whether to buy a finance first. Was going to put about 20% down.
Hi, Dave.
We had the same issue when wanted to buy a house.
You know what kind of advice I got on that? One of the options is to pay the car payments from our business account. After 12 months we can proof that business is paying for them. It can help to be “free” from that debt 👍🏻
That’s what I have been doing for a while now.
@@TuroTactics could you bay a house some how ?
Good call out
Hey Dave! I am currently in this dilemma of home buying and trying to start Turo. Thankfully I saw this before I made a decision. I know I need to buy a home first! However, I will want to buy more houses in the future. So, if I want to I also want to buy cars, how do you recommend I do that?
If your credit score is high enough to do a personal guarantee under a new LLC , I would do it that way.
Thanks for the information. So basically all of your vehicles were financed using your personal credit and not Business Credit tote clear ? Do you currently purchase vehicles using Business credit ?
Yes all Under my name. I don’t plan on buying anymore cars until the ones I have are paid off. This is a part time gig for me.
Do you provide mentorship?
Not yet
What if you are using a Va loan would it matter then ?
They still look at your debt to income ratio. I am also a veteran.
Hey Dave! I’m in college (Soph) and my credit score is very high and I already have a personal car that I’m still paying a note on. I’m always on time. What is my next step? I’m very interested in doing this
Get an LLC, then apply for vehicle loans under the LLC. You can use your personal credit score as a personal guarantee.