posted on Aug, 20 2014 @ 12:36 PM
a reply to: PhoenixFreeman
I can only repeat the information that many company and ex-company directors told us:
1. Own your own company land or property. Otherwise the landlord will just jack up the rates the minute you start making a profit. I've seen this
done by various universities. They'd set up an office block as an "incubator". Then the minute the startup actually started making a profit or
gained a research grant, they'd jack up the rents to get a slice or all of the money.
2. Start with a small project with the goal of making a profit as soon as possible. Then use those profits to expand onto larger projects.
3. Avoid the banks. They'll lend you money, require that you use your home as security, then the minute you start making a loss, they will snatch the
money back and take your house with it.
4. Get everything related to property, money and time in writing ... lease/ownership. Some councils would grant a permanent loan on some property,
wait for the residents to do it up, then the council would claim it back and sell it
off to developers.
Looks like you are doing all three, so it looks OK.