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Advise: House Or Business? by Nuezha(m): 6:09pm On Jan 05, 2015 |
He has some money good enough to raise a befitting bungalow within weeks but intends also to open an international line of business for his wife, having just returned from a trip abroad, and well armed with reliable feasibilities. Business has capacity to triple profit in 6 months. He's weighing options and needs advice, he presently pays rent nearing half-a-million yearly. Husband has regular income & wife is fresh out of school. Money is just enough for one thing. Few solid lines of advice will do please. |
Re: Advise: House Or Business? by tobbyte(m): 6:27pm On Jan 05, 2015 |
Since the money is enuf for one thing, i think the person shuld build d house nd pack in...after like a year d person can now convert the money he is suppose to use in paying house rent which is close to half a million to a business later..cus if he goes for business nw he would still pay for house rent which is a liability on his side...so he shuld go for d house as at nw...den after a year he would assum dat he is paying for a rent nd use dat to establish a business, he can use like two years rent dependin on d nature of d business. |
Re: Advise: House Or Business? by tobbyte(m): 6:29pm On Jan 05, 2015 |
Base on what u said about business, not every business has the capacity to tripple the capital within six month..some business might take up to a year or more before u can see tangible profit. |
Re: Advise: House Or Business? by Nuezha(m): 6:43pm On Jan 05, 2015 |
tobbyte: Thanks for those lines. The greatest worry is what you just mentioned. Unpredictability and risks unforseen. But very truly, the business is ideal & tempting. House is fixed asset. It can come anytime. My thought |
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