Owning a Business - Credit, Renting, etc
Alright, So I've had my own business for almost a year. There hasn't been any sales so far, because the product has still been in development. During this time I have done misc freelance to stay alive. The business is a sole-p, and I'm the only one working it.
So now I'm thinking this summer I want to move and get my own place. By then I will have income from my business, BIG passive income. Now since I'm 19, I don't have much credit. I have never worried about it since I usually pay everything upfront. Now with my business I'll have plenty of money to rent or whatnot, but I'm assuming they do credit checks and look for stable employment. Both of which I have none of.
My mindset is that I own a company at 19, that makes me a hell of a lot more responsable than some kid working at walmart for a year. Maybe not though. I mean if I have proof that I'm making the money, I don't see why I should have a problem.
So my question is, what kind of issues should I be aware of when looking to get a new place? Should I say I have been employed for a year by (my company name here)? But then they call and ask for somebody and that would be me. Should I buy a house and rent out rooms instead of an apartment?
I know it's going to happen, I just don't know step-by-step. I have a general idea, but I'm trying to think ahead about any road blocks that I can take care of now.
Thanks,
Andrew
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