It seems like a few of us are sick of working for the man. I propose we buy a house and bang it out real nice. Baru seemed to have a similar idea, but how do we get the money to get started? It might take a complicated plan, but I feel like it deserves some consideration.
Start with the theory that Heather and I could sell this house for seed money. She is pretty crafty about finding houses that need TLC, but are structurally sound and in great neighborhoods. We could sell this for profit, transfer the mortgage to the new house, and use the profit to salary Baru for the project. Then we need to figure out how to divide up the profits.
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You won't be able to transfer the mortgage, but otherwise, it's doable. Unfortunately, the mortgage dies with the property. More important than finding the money for the startup is finding the right property. You have relatively cheap labor - yourselves. You have a little experience. You need some creativity to differentiate your product in a tough market and you need some insight into what property is workable and what property isn't. If the project works, you'll find the money.
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