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HomeForumsGeneral Real Estate InvestingPurchasing an existing business
Michael McGinnis's profile image
Michael McGinnis's profile image
Michael McGinnis
  • from Apollo Beach, Florida
  • Member since Feb 23, 2016
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Michael McGinnis's profile image
Michael McGinnis's profile image
Michael McGinnis
  • from Apollo Beach, Florida
  • Member since Feb 23, 2016
Connect
Michael McGinnis
  • Apollo Beach, FL
2
Votes |
11
Posts
General Real Estate Investing

Purchasing an existing business

Michael McGinnis
  • Apollo Beach, FL
Posted Jun 16 2016, 14:47

Hi Everyone, 

I'm interested in purchasing an existing business. I have a down payment (10%) and I'm wondering if any banks would use the existing business income to qualify for the loan in question? (Can I use the money that the business generates to qualify for the loan?)

Thanks!

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