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Want to start ECO property business – but not enough money in the bank?
Hi,
We are looking to start and ECO property business (we feel this is definately the future of property in the UK). The problem is we only have 150K to start with, and its not really enough.
In the meantime, we thought we could raise funds by buying small, cheap developments, or auction properties, doing them up and selling for a quick profit. We need to have around 500K to seriously start our ECO business and we really want to do this, but its not easy to find the money.
I dont think we are in the position to get a bank loan for the business as we are still starting up (and it might be too risky), also we are not proven enough to get VC capital. Finally, we do not want another partner (equity) partner. There are two of us already and we think we can cope (work wise)..
Ive heard that grants, etc are possible and there might be other ways to raise finance..
Any clues or suggestions to help us get started would be amazing!
thanks
