TX, Single-Family, Purchase, $112K, 720 FICO, 80% LTV
Posted on 7/10/2013 10:36:31 PM
I have an individual moving from California to Kyle, TX. Currently he owns a pool cleaning/maintenance business
for 5 years. He is buying another pool cleaning business from an individual in which the company has been in business
for over 20 years. He states that the net monthly profit from the business he is buying is $4,500 monthly.
I know it is a shot in the dark but does anyone know if anyone can fund this loan with the newly acquired business? My people are telling me they
want 1 year under his belt before looking at it.