Saturday June 26, 2010(10:00 am est)

Experian trade lines

Because of the shortage of companies that report to experian, We have decided to introduce another company into the pool that does. Stragtegic network solutions(www.stntsol.com) We have partnered with them in order to bring you a company that extends credit without the same hassles as some of the other companies. Strategic network solutions report trade activity to experian business and will also report to experian(personal) very soon. This will give everyone the best of both worlds by be able to build your personal credit as well. You will need this coupon code snsgb. We will be bringing you more new businesses that report to the credit bureaus without the hassle. We will slowly replace these vendors who no longer extend credit or no longer report altogether. Dont forget your $10 off coupon code: snsgb 

Wednesday June 23, 2010(11:45 am est)

Business credit VS. Business

It appears that most find themselves chasing the financing and focusing more on the credit than the actual business. This is one of the worse mistakes a small business owner can make. Credit bureaus and vendors see right through this. It is very easy to spot someone who is more worried about the business apsect of everything and the funding last. For example, One very passionate about his/her business usually goes above and beyond what is actually necessary. They usually waste alot of time and money buying company hats,shirts,mugs,etc. They usually have a business plan that they downloaded and adjusted to suit their situation. They usually have way more business cards and stationary then they need. They actually do everything except search for funding. I say this because the credit bureaus know this as well. So do the vendors and lenders. They really hate to see someone ask for money to fund a business when they havent put any real tangible effort into the company's setup. Things like no business phone number or location hurts the chances of lenders taking you seriously. The funding is supposed to come in after everything else has been done. Or at the very least, the structure and proper licenses in place. Keeping this in mind will help prevent being un prepared. Just a lil tidbit i figured i would throw out.

Gboogie

Thursday May 27, 2010(12:00 pm est)

I have nothing to say today

Monday May 24, 2010(12:00 pm est)

Creditboards

The wierdest thing happend the other day. One of my people found a post on creditboards where the resident "know it all"(greywolf) called my youtube videos annoying. I found that very funny. The thing with these so called gurus is that none of them do this for a living. They take a scenerio that worked for them way back when and pretend to be experts on the subject. When in reality they are scam artists. Question... If you dont build and sell shelf corporations for a living, how(or why)would you just hang around a blog all day to make yourself feel important?. These are the types of people that have nothing to do all day but criticize. If you dont build corps all day long how would you know what works and what doesnt? How would you know what tiers go where and so on? I guess based on everyone else's input huh? What reason would you have to still be hanging around? Well i have an idea. Some people need an external source of self worth. Instead of investigating the info so you can give your readers something positive people like that immediately shoot it down. It kills me to read things like.."well this is what i just got approved for". Im like..."why would you need all of these corps?" Besides all of that, thats not even your website that youre riding so hard. Get off of creditboards teabags and get your own site. Anyway...i gues im through venting, its just so easy to tell when people dont know anything. The guy acknowledged that he say my videos. Why would a business credit "expert" be looking at my videos? Why would he be searching the internet for info if he already knows everything? this is very puzzling. I never search the web for information on how to build business credit because i already know how. I get sent links from associates everytime they see my name mentioned somewhere. Thats the only time i even entertain what was said. besides that....i have too much to do like actually building corps and showing others how to do it. SO..... This is a request for anyone who has gotten any useful information from our youtube videos,ustream videos,mogulus(livestream)videos,stickam videos, or the videos or ebooks from our website. Go to creditboards and let everyone know this. After viewing our information, please go there and view theirs(if you can find anything relevent). Leave a post with our website name and let people know where they can go to learn a little bit more(assuming they learned anything from there). I think information should be available to everyone and one know it all(greywolf) should not stop people from being successful because of an ego problem. Thanks im sure this will help everyone. For everyone that goes over there and leaves a post. If you send us the posted link we will give you a special discount on membership.

gboogieamerica@yahoo.com

Wednesday May 5, 2010(11:55pm est)

One owner LLC's

I get questions from time to time about the youtube videos where i mention LLC's not being a good structure as a one owner business. I figured i would take this time to explain why. Most cheesoe that structure because they have heard of the double taxation involved with c-corps. This can be easily be offset by giving yourself a bonus at the end of the year. The problem with one owner llc's is that you instantly lose the corporate tax rate and are taxed as a sole proprietor(almost defeating the point other than asset protection). The structure was oringinally intended for partnerships. Limiting the liability of each partner's investment. Making a partner only responsible for their percentage invested should the company be sued. Another drawback is most llc's cannot be sold or transferred. The life spam of the company is only as long as the life span of the partners involved. This makes it harder if you had planned to build equity in the business and then sell it later for retirement. Besides costing more to set up than a c-corp, it is not an ideal structure for business credit. This does not mean that you cannot build business credit using an llc. This is just food for thought.

I hope this helps.

(Tuesday May 4, 2010)(11:45pm est)

Being red flagged

I think i have to put this up to help those who may be setting themselves up for failure. In many of the videos i mention about being red flagged by the credit bureaus. There is also an audio on the website that goes a little more into detail but some still dont truly understand the resources of the credit bureaus. If you have tried to start a business in the past and still have bad debt on that business, it will follow you with any other business you attempt to start. Simply changing the name of the CEO will not avoid this. As long as your ssn is on the tax ID it will be linked to you. Even if you use a nominee with the same address, that will not help either. Credit bureaus use the same technology the government uses to track people down. They will cross reference any relative that ever lived or worked at that address and associate them will you. Also you with them. Its all computerized. If you really need a fresh start the very first option would be to try to settle the debt. If thats not an option for you, Then you would have to get a friend or partner to set up the company for you. You can not even be an officer in the company. Later on down the line, once the company is established you can be added as a shareholder.  I write this for those who may not know this information in hopes that it helps to create a better solution. We also intend to save people money as well as effort in the course of setting up business financing. One way to tell if you are red flagged by dnb is to check the special events section of your eupdate. It will list any problems that there may be with your file.

I hope this helps.

(Monday May 3, 2010)(2:00pm est)

No money down(Real estate)

Everyone has always been fascinated withe the concept of no money down real estate. So called gurus from dave del dotto (from the early 90's) to carleton sheets, to russ whitney have all had successful creative real estate financing material. The one that always stood out the most was the no money down information. The concept is definitely a valid one and is practiced everyday even by millionaires. It actually applies to more than just real estate. In this short blog type format, i will attempt to explain it. The best way to describe "no money down" from the correct perspective would be to consider your self as a broker. You have no money to invest in, or purchase the property yourself. Your job is to bring to parties together and make a finder's fee. That what contract flipping is. The purchase price of the property never matters. Your job is to simply negotiate the best price and terms(if possible), and to have a ready made list of potential buyers to shop it to. To make sure it is not sold out from under you, you use a contract. The contract will state how long you have to make the deal. It keeps others from being able to purchase the property unless they buy it from you. There are always signs everywhere that say "We buy houses". It is very easy to put together a buyers list from the local investors in your area. It takes some time and experience to recognize a good deal, but sometimes you run across properties that are obviously a good deal. If shopped to the right investor, it will give you your start towards stock piling cash to go it alone without investors. In this economy, the best deals are found in rural areas outside your city limits. As the population grows along with the economy, Counties begin to annex these properties(making them apart of the city to supply the city with more tax dollars) Increasing the value. There are many different way to construct a no money down deal. Just always remember, its about creating a win win situation for all. I will leave it on this note for those that still dont understand. If you were selling a $100,000 luxury automobile and i cam up to you and said..."I will give you $100k in 3 days as long as you take this $100 for now and sign this contract saying that i have exclusive sale rights for those 3 days....I will even give you an out clause that says i will give up my right if you find a buyer and all i want is $200 for my troubles....? What would you do?? 

(Thursday April 29,2010)(11:30pm est)

Gboogie M.A.F.I.A

People have seen this reference on the website and have many questions. It is basically a system set up to give talented people an opportunity to work from home. It is primarily for those who are unemployed and have computer access around the clock. The individual would have to be on call 24 hours of the day via yahoo instant messenger. The company structure is set up like the hollywood version of organized crime. That being so, it must be noted that all of our activities are totally legal. They are just set up as "rackets" to keep things fun. Most come in as soldiers and must complete certain tasks to get "bumped up"(promoted). This usually involves bringing in money for the family. Soldiers that display talent and skill, will be up for consideration to be "made". This brings you into the fold for life. Being made means more income streams and a higher cut of the "take". Whether it may be an existing income producing website or starting a fresh one. Family members also keep all of their residuals through out every step of the process. As they climb the ladder the work they put in from the beginning continues to come in. The family will accept new members until it grows to a total number of 50. Using this number because only a small percentage will actually take advantage of the opportunity(at least from our experience). We plan to maintain a solid inner family of 30 people nationwide. Others that are interested by dont have as much time to devote may be considered as "connected". Capos are chosen to run "crews". For example, A Capo would serve as middle management over several websites or businesses. He/she would probably have a favorite guy/girl that they micro manage to. Crews are kept small to ensure there is enough for everyone and not a dog eat dog atmosphere. This also helps to cut down on marketing overlap. To even be considered as a potential soldier one must have yahoo messenger and be available at anytime even if he/she forwards the messages to their phone. You must sign up for a free tradebit.com affiliate account(seller accounts cost $5). You would also have to register with tubemogul.com and all of the sites that they support individually(myspace,viddler,vheo,etc.). Lastly you would have to submit a photo of yourself for the family tree. You would have to send an instant message to gboogieamerica@yahoo.com to be added to the buddy list. Also be aware, If you intend on being an active participant your stats will be available for all to see. this will create a friendly in house competition and ensure that bonds grow over time. I write this only because i get emails for more information, so i hope this helps. As far as money and percentages. it varies by product and crew. Soldiers are sometimes also pick by geographical location to ensure that there is a member in every state. This guarantees nationwide distribution for whatever the family deals in, and ensure ite longevity. After that, we go country to country. lol

There are more pictures to add but you get the picture.(lol)

Gboogie

(Wednesday April 28,2010(11:00pm est)

Personal Credit

One of the biggest casualties of the economy was personal credit. Because of the current global banking situation, Those that had bad credit find it even harder these days to repair it. All of the tricks that used to work to raise your personal credit score no longer do. but the old methods still do work. They work at a snail's pace but they do work. Writing letters to disput incorrect items still works. It is also effective against removing hard inquiries. The oldest trick in the book is still viable. Opening personal bank accounts and getting secured loans, or lines of credit against them. Mixing that in with a few high interest credit "rebuilding" cards will work wonders. Using public filings also helps to add personal credit references if you already own a business. If you are rebuilding credit for the purposes of getting approved for a mortgage then PRBC may help to improve you situation by allowing you to add utility bills to your report. This helps lenders get a true picture of how you pay your bills. It is also very important to understand that it takes a balance of accounts types to achieve a very high score. Revolving accounts,installment loans,auto financing,or mortgages,etc. A department store account or two. A gas card maybe? In short,always search for balance when rebuilding your personal credit. 3-4 starter credit cards will not work alone. Piggy backing still works a little bit. it helps to pick up your score, but you no longer get the years of history belonging to the original card owner. Using these tricks in combination, while keeping inquiries down is the key. Give the new accounts time to age and your score to come up before you add more. This is why it is usually better to do iit all at once, and let them all age at the same time. This keeps from having to constantly add accounts causing your score to drop. The new accounts will drop it, and slowly bring it up as they age and payments are reported. No new inquiries are made. Only use roughly 30% of you limits, and pay on time. Well this is just supposed to be a blog not a book so i will stop now. lol

until tomorrow everyone! Thanks for visiting our website

Gboogie 

(Tuesday April 27,2010)(5:30pm est)

Buying shelf corps

Along with other myths out there, people are told that aged shelf corps will help to solve their funding problems.At one point in time(long ago)that was the case. In most cases these corps were not set up properly for the purpose of credit just age. It looks much worse to posess a 10 year old corp that has no businessness financials nor filed any taxes or hired any employees. there is no sound lendibility there. There isnt even a real reason to even consider funding. This is the way most of these companies structure there shelf corporations. When buying a shelf corporation, make sure that is at least appears to be a functioning company.Lenders will look at previous business activity as well as a wide variety of factors. They will look for the number of employees and check to see if you have submitted any past with holdings to the IRS. In short, buying a simple shelf corp with age just wont cut it. Even if it has some credit attached.