To all my students and mentees ready to create their Turo empire, here’s the roadmap to success while protecting your funding opportunities: GET STARTED ASAP!
1️⃣ Form Your LLC
All vehicles MUST be purchased under your business LLC—not your personal name. This is critical to keep your personal credit intact and avoid being stuck in the "credit garden" for 6+ months & delay funding!
2️⃣ Shop Smart, Shop Fast
When shopping for vehicles, do it strategically and complete your purchases within 5 days. This minimizes the impact of hard inquiries on your credit report and lets you utilize all approvals fast. .
3️⃣ Leverage Assets & Credit Stack Wipe
After building your fleet, immediately use the hard inquiry wipe training to remove those inquiries from your credit profile. This step ensures your credit stays clean and ready for future funding opportunities after your fleet is built.
4️⃣ Start Generating Revenue
With your fleet in place, put your vehicles to work on Turo and start earning!
💡 Key Reminder: This process ONLY works if you buy under the business name and PG the loans or leases. Personal purchases will block your ability to stack funding afterwards and you WILL go into the credit garden phase and have to wait for funding!
It’s 2025—no excuses. Take action today, structure your business, and let’s build wealth together! 💼💪