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Updated over 1 year ago,

User Stats

2
Posts
0
Votes
Jay Matthew
  • Investor
  • TX
0
Votes |
2
Posts

Can a land flipper or homebuilder spend all profits on land to be held as inventory?

Jay Matthew
  • Investor
  • TX
Posted

I'm new to business and seeking some clarity before consulting an advisor. Could a land flipping business or homebuilder (sole proprietor LLC) spend all profits on land to be held as inventory? Any and all advice is greatly appreciated.

$100,000 company profit

$(40,000) company expenses

$(60,000) new inventory (land for resale or development )

$0.00 profit

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