Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

17
Posts
1
Votes
Rusty Knowles
  • Involved In Real Estate
  • Oklahoma City, OK
1
Votes |
17
Posts

Funding for Start Up - Can you include Payroll

Rusty Knowles
  • Involved In Real Estate
  • Oklahoma City, OK
Posted Sep 3 2014, 12:56

When starting up a new company and seeking funding, are you able to or is it taboo rather, to ask for payroll and/or operating fees during that start up?

My scenario would be a start up property management company that would be looking for funding of a multi-family unit. One problem I am running into is I cannot quit my job for very long before needing to begin making money, so is it possible to get an investment that included my management company start up funds which included payroll? Would it be separate investments if so, 1 for my company and 1 for the deal?

Loading replies...