I have the land but can't get financing for the builds. I'm offering the investor all the profit, I just need the builds to qualify for a developement loan. With 5 builds and sales I'm in. Any and all help will be appreciated. The profit on each homes is approximately 40-50 thousand dollars. I'm looking for 200 to 350 thousand to get 2 builds started. Thanks.
2006-06-28 11:20:11 · 4 answers · asked by David J 1 in Business & Finance ➔ Small Business
It's entirely possible you simply arrived to the party too late. Many investors are worried about falling house prices.
2006-06-28 11:33:34 · answer #1 · answered by NC 7 · 0⤊ 0⤋
The problem is that even though you may 'offer' the investor a 50K profit, you don't really know...and neither does the investor, that your project will be successful. It will be a significant risk for someone to invest on the word of someone with self confessed bad credit, which is a worrisome trait. Conventional lenders won't do it. The only additional thing you'd be able to offer an investor if the project failed, is an "I'm sorry, but I lost your money". Happens alot.
2006-06-28 18:29:53 · answer #2 · answered by nothing 6 · 0⤊ 0⤋
I am in the same boat I started a pest control business and it is going okay excpt I need enough $ to start a telemarketing room. If you are realy looking to get into a business I need a partner my email is beau.williams@yahoo.com if you are serious we can talk.
2006-06-28 18:28:55 · answer #3 · answered by beau.williams 2 · 0⤊ 0⤋
SBA has some assistance for Vets.
2006-06-29 13:24:19 · answer #4 · answered by b-in-oc 2 · 0⤊ 0⤋