
Hi Everyone,I wanted to reach out to all of the business owners here to get some info on how to secure a mortgage while being a new business owner. Business was started in Feb. 2021, is it possible to secure a mortgage after being in business for only one year?My brother and I are 50/50 partners and would both be on the mortgage. Projected to do around 175k in revenue our first year but probably only profiting ~40-50k. Is it worth it to purchase more tools/assets to lower taxable income or show as much profit as possible? We both had steady employment before starting the company and good credit 700 and 750.Our rent is being raised $400 a month for a two bedroom putting us at $2000 a month in rent, so even with the high housing prices our payment would be less than renting, and we need extra space for storage of material. We are in NC.Any advice or comments on this would be appreciated.Best Regards, see hubwealthy.com/wealthy






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