How to use business credit to get your first Airbnb?
Are you seeing this?
Are you seeing that I am in my new Airbnb and I use business credit to get everything
in here.
So, I'm going to show you exactly how you can use business credit to get your first
Airbnb.
Let's go.
In this video, I'm going to share with you exactly how to get business credit set up
quickly so that you can start getting funded.
I'm going to share with you the biggest secret that my student taught me where he was able
to get over $100,000 in business credit funding in less than a year and how you can do the
exact same thing too.
And last but not least, I'm going to share with you exactly how to spend the money that
you get from your business funding so that you actually make a profit from borrowed fund.
So, let's talk about Airbnb.
Airbnb is the number 1 platform for home-sharing.
Some of you are familiar with the website or the app that allows you to go in and rent
people's properties out for the night or you could host your own property and have guests
stay in your home for fee.
I got into Airbnb a couple of years ago.
It was a student of mine that told me that I could make more money with Airbnb than I
could with my long-term rentals.
And boy, was he right.
It changed my life and Airbnb has been growing ever since.
Right now, there are more than 3,000,000 people every day visiting the Airbnb website looking
for properties to stay the night in.
Additionally, every single day, new host enter on the platform and start renting out their
properties.
So, now the website and the home-sharing economy has grown and grown and grown.
In fact, we are now seeing more real estate and Airbnb millionaires than ever before.
So, let me tell you how you can get in on this.
The one thing that you need to know now that you know and understand Airbnb and how you
can make money as a host is combining that with business credit.
Let me tell you about business credit.
Many of you are already familiar of your personal credit.
You know, we have 3 different bureaus.
Transunion, Equifax, and Experian.
And all 3 of those credit bureaus will report our personal credit information.
So, if you have a car loan or mortgage or student loan or credit cards, they'll all
report on your personal credit report --how you pay them, what the limit is, how much
you got, how much you owe, etc, etc.
But what many people don't know is the same thing exists for businesses.
But instead of the 3 bureaus that I named before, you have Equifax business, Experian
business, and Dun & Bradstreet.
Dun & Bradstreet is the number 1 business credit reporting agency of all of the business
credit reports.
And it's very easy to start getting a business credit profile set up and get business funding
in a matter of months.
Most people don't even know that you can have business credit.
And those tradelines will report only to your business credit profile and not to your personal
credit report.
Additionally, with business credit, you can get more funds than you ever could with just
your personal credit report.
It's crazy.
So, now let's talk about how you get it.
The way that you get your business credit is by setting up a business, okay?
Super easy to do.
Any business can have business credit if they follow these simple steps.
So, in order to have a business credit profile, you will need an actual business.
You're going to need an LLC or a C Corp or an S Corp.
You're going to need an email, a phone number, a website.
And you're going to need a professional phone number.
These are like the bare minimum things that you will need and then Dun & Bradstreet will
let you set up a credit profile absolutely free.
You go to dnb.com and you can start building that credit profile and then start borrowing
money so that you can buy things free.
Your properties or start your business.
You could do whatever you want with the funds.
Let me break that down for you.
Before you ever get your first Airbnb, you want to set up business credit because this
will allow you to actually get your first Airbnb.
And I'm going to tell you what to do with the funding.
So, once you get the business profile set up, I'm not going to get into business credit
in this video.
In fact, I made an entire playlist and tons of videos on business credit.
I'm going to put a link here.
Make sure you watch that entire playlist.
It's absolutely free and I'm teaching you on business credit right here.
So, if you have questions about business credit, I break it down in detail on some other videos.
I'm just going to tell you those 5 basic things that you need.
And I'm going to get into what you do with the business funds as you get them.
So, one of the things that's very easy to do with business credit is to start to get
vendor credit and start to get store credit.
There are literally stores that will lend money to your business.
Stores like Walmart, Costco will set up business accounts.
And they will allow you to buy items from those stores and pay it back on a smaller
level.
And in many cases, pay it back in many years.
Additionally, once you have your business set up, you can buy furniture in your business'
name.
You can lease furniture.
You can buy furniture, you can get business credit cards.
And you can use all of that to get everything that you need for your Airbnb.
So, as you can see, we're going to show you a little bit of footage.
We're putting this Airbnb together.
You are seeing it live, in action, no fluff.
I'm literally in the garage because we're putting stuff together.
But I was able to get everything that you see with business credit.
I've never used any of my own money.
I have American Expresses in my business name.
I have Chase business card.
I have Capital One.
I have all of the region's bank --Bank of America, BB&T.
Pretty much everywhere that I have a business checking account, I also have a business credit
card.
And this has allowed me to get my first Airbnb and put them together.
And now, I have done this over and over and over again.
I have students that are now on their 10th, 20th property still using just their business
credit.
It's amazing.
And then last but not least, you can use business credit to literally put the properties in
your business' name.
So, not only you can use your business credit in your business funds to furnish and equip
your properties with plates and pots and pans and all of the things that you'll need for
your Airbnb.
You can also get the property with business credit.
You literally can lease properties in your business' name or you can get corporate leases
in your business name, rent those properties and put them on Airbnb with the landlord's
permission.
This is all possible.
It's easy and you can do it with business credit so you don't have to spend any of your
own personal savings or use your own personal credit cards.
This is the key, guys.
You can do it.
So, if you need more information, I have contracts, scripts, templates and everything that you
need to start an Airbnb business.
Go to bnbriches.com.
That's B like boy.
N like Nancy.
B like boy.
RICHES -- R-I-C-H-E-S.
BNBRICHES.COM.
It's a complete course that I've made completely with everything in it.
Templates, scripts, documents, checklist, a full training to help you start this business
and use business credit and make money off properties you don't own.
This is the life.
Check it out.
I want to make sure that you have all the resources, all of the tools, and all of the
knowledge that you need to be successful.
This is Noelle.
To Your success.