Its been a while since my last post but loving all the info I'm getting from this site so thanks for that
My questions is about financing through a company
The end goal is to be a developer/renovator as a full time job so I wont to find out how I am going to finance these projects without having a full time job (the first few projects will be done with a full time job).
Is it possible to set up a company that I put all the profits of the developments/renovations into and then use that structure to borrow funds?
eg, Say my development profits/renovation profits (what ever project I am doing) and any cash flow form IP are put into a company and it turns over $100k per year. If the company had 2 years of tax returns would this company be able to borrow capital the same way an individual earning 100k per year?
My questions is about financing through a company
The end goal is to be a developer/renovator as a full time job so I wont to find out how I am going to finance these projects without having a full time job (the first few projects will be done with a full time job).
Is it possible to set up a company that I put all the profits of the developments/renovations into and then use that structure to borrow funds?
eg, Say my development profits/renovation profits (what ever project I am doing) and any cash flow form IP are put into a company and it turns over $100k per year. If the company had 2 years of tax returns would this company be able to borrow capital the same way an individual earning 100k per year?