We are getting closer on a deal that would require us to move halfway across the country, exciting and stressful all at once. The reality is starting to sink in that this could be it and we are now starting to look into how to move and purchase a home. Any advice from people who have acquired a business and then had to move and buy a home? How did you prove income to the mortgage lenders? Did you have to rent for a period of time first?
I'm also still currently employed and could maybe sell our home and buy a new home while employed and then fully close on the business after moving. Thoughts on feasibility of this option? Not sure how mortgage lenders would view that situation, and it would obviously introduce some risk if we didn't get the acquisition across the line after moving our family.
Appreciate any thoughts or advice!
Advice for dealing with moving for an acquisition and buying a home?
by a searcher from Brigham Young University - Marriott School of Management
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