See, I can do that and show over 200K annually for the past 2-3 yrs. But it's all capital gains. Also, my balance sheet is great! I can put down 25% on a 1.5M apartment without touching my bank. Maybe if I tell them I'm an 'Investor' that would be enough? Still like the LLC idea, but I guess that would take 2 - 3 years before it has the appearance of a proper business 'front'.
If you want to go the llc route, look into acquiring an "aged corporation/llc". If done right, with the proper research, the cost would be slightly more than the bs you would have to go thru starting from scratch plus you wouldn't have to wait those 2 yrs. http://www.google.com/search?q=aged...s=org.mozilla:en-US:official&client=firefox-a http://www.google.com/search?q=aged...s=org.mozilla:en-US:official&client=firefox-a
Yeah, thanks! Regarding Item 1, if I have to put more down than 25% on 1.5M, then I'm drawing down on my bank. It's really a psychological issue since I'll be replenishing my savings with those funds. Personally, I need a lot of cash to retain a comfort zone when trading. Regarding items 1 & 2, as stated earlier, I think Sellers will be highly motivated so I hope both ideas are possible!
Stupidest thing ever, but changing my occupation from trader to investor actually helped, even though I have never held anything longer than a week. I also had to write a letter to the lender explaining what I do.