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Updated 2 months ago, 10/24/2024
Advise on potential opportunity
I have the opportunity for a cash offer where the property has great up side once it is renovated.
We can get in to the property no problem since we have the cash, the issue is how to finance the repairs and renovations since we just got started on the business and no longer have a w2 or 2 years income under the LLC?
If we could prove out income I know getting money for the renovation with the property as security would be no issue, any suggestions?
Also we could use a family member LLL for this but I am not sure how all the tax situation can get muddy…
thanks