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Forum nameFinancial Feast
Topic subjectI have a business but, I need to start a new one
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=148&mesg_id=148
148, I have a business but, I need to start a new one
Posted by soltech, Tue Feb-06-07 02:38 PM
Hello-

I am back after 5 years and I have to Thank this website for helping me get my business started right. I worked on the side a s a consultant since 1996 and in 2001 I stopped working full time and did my own consulting. I have more than tripled my earnings and I have bought my first home and own land. Anyway I have learned how to run my own biz but I need your help once again to start up my new passion which is flipping houses.

I have worked with a friend for the last 6 months and he is making tons of money doing this. I need to get some kind of credit line or loan so I can go to an auction and purchasee a home. I would like to have about $250k available. How can I get this much cash on my companies gross income and current home equity? I tried the SBA loan thing but, the guy on the phone says they don't lend out money for stuff like this. I alone gross about 180K a year working part time but, I rather fill the rest of the time doing this kind of work and making more money. Can anyone help me on how to finance my new venture?