New Business Startup/Idea Question
Fraggel subscriber Posts: 1
edited July 2007 in Startups Created by StartupNation Community Members
Hi all finally found a site that has some worthwhile info on it. I have been unemployed for 7 months now and am rdy to start my own business. I have decided to start real estate "flipping" business. I have been in construction field on the side for the last 6 years and am confident that my lvl of expertise in contruction and cost effectiveness can turn profits on each flip. I need a little help to straighten out my thoughts on how to proceed. I feel that starting an LLC is the way to go, but am not sure if it is right because I only have around 1k to invest for start-up and as u all know thats not enough to buy, fix and sell real estate. So is LLC the way to go as far securing capitol to accomplish the first flip or is there a better way that investors will feel more secure with. I am willing to return 50% of the profits back to the investor after sale. Is this ok? Second question, how long will I have to wait to start looking for capitol and start doing the start up functions. Can I start now or do I have to wait until everything is finalized? Can I develope logos, web presence, letterhead, and all the other stuff while I wait? Any help you guys and gals can give would be greatly appreciated and if anyone does this for a living I`d love to hear from ya.
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