Using my pizza business to buy rental property

[Richard S Myers]

Wanted to know the best way to leverage my new pizzeria as a way to get into real estate, wanted to know if there was any advice or suggestions from this who have done it before?

[David M.]

@Richard S Myers

Haven't done this before, but usually its advisable to keep different business ventures separate.  Some of it is for accounting reasons, the other is liability (and commensurately insurance).  If your pizzeria gets sued, the real estate assets its owns is at risk, and vice versa.

Consult a qualified professional or two, but I suppose you might be able to leverage your pizzeria to get funds/loan to finance a real estate deal.  Here is where you would need a professional to draft up paperwork to show its a legal deal to help separate the liabilities and the accounting.

Hope that helps.