I have a handyman business and want to farm out my services to a bigger business I run as a supervisor/advisor on a building project (have a builder, build a house sell it, take the profit, do it again and so on...)
But due to a range of things (real estate already and other financial commitments) the bank is saying no to another mortgage or line of credit to fund the project.
1. The bank does not seem to have a loan for building a house that is a short term loan, they just see the project as a 27+yr mortgage, pay it off early is a bonus...
2. I want to partner with a builder (or two) in a way that gets the place built and they have it to use as a display home for 6 months or so and then sell it.
3. Will a builder want to go halves in the project? Share the profit and only have to put up 1/2 the $$ to build a display home?
Thanks (in advance)
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