Need advise Buy house or start business?

[Eric King]

I would like to know what would be the best steps to better financial future. Sould I start a business or buy real estate? Right now now iam renting a apt,working at a job iam not happy with. and living in a state where i know noone. I would like to be closer to family.

[fredesere]

start a business and then buy 5 houses : make sure your business is full proof thou, good planning, good business model, recession should be used to your advantage.

[Joshua Jones]

I would like to know what would be the best steps to better financial future. Sould I start a business or buy real estate? Right now now iam renting a apt,working at a job iam not happy with. and living in a state where i know noone. I would like to be closer to family.

The key is in how you ask the question!

Would you like to buy a liability or create an asset?

Get out and meet people

[Eric King]

The key is in how you ask the question!

Would you like to buy a liability or create an asset?

Get out and meet people

I would like to create an asset.

[Joshua Jones]

I would like to create an asset.

Then start a business. Buying a home to live in is buying a liability.

[Eric King]

start a business and then buy 5 houses : make sure your business is full proof thou, good planning, good business model, recession should be used to your advantage.

Thanks but would it be best own real estate to be able to get business funding?

[Eric King]

Then start a business. Buying a home to live in is buying a liability.

I sould of said that i wanted to buy real estate for investing also

I would like to start a carwash.

[Joshua Jones]

How much do you have saved up to invest with?

[jonathanfigaro]

I would like to know what would be the best steps to better financial future. Sould I start a business or buy real estate? Right now now iam renting a apt,working at a job iam not happy with. and living in a state where i know noone. I would like to be closer to family.

You may need to be do what you feel your passionate about. Because then you will make friends easily and create assets more easily also.!

[Eric King]

How much do you have saved up to invest with?

I have 10k

[Lambo]

invest in a beaten down stock that you know is sure to double.....then sell it and use the cash to invest in a business.

easier said than done

[Eric King]

invest in a beaten down stock that you know is sure to double.....then sell it and use the cash to invest in a business.

easier said than done

Thanks but dont trust the market now.

[danbu1]

How much risk to you want to take?

Buying a house is a pretty safe investment. I have been an entrepreneur for many years, one thing for certain: If I had to do it all over again, I would. I leveraged everything I had. Quit my job, took equity on my house, cash out my 401K, almost lost my wife. It is almost a necessity to suffer to realize your dream. No pain no gain.

So the question is how much risk will you take? If you are not willing to leverage everything you have then, I would invest in a real estate. Worste case is you have a place to live.

[Eric King]

How much risk to you want to take?

Buying a house is a pretty safe investment. I have been an entrepreneur for many years, one thing for certain: If I had to do it all over again, I would. I leveraged everything I had. Quit my job, took equity on my house, cash out my 401K, almost lost my wife. It is almost a necessity to suffer to realize your dream. No pain no gain.

So the question is how much risk will you take? If you are not willing to leverage everything you have then, I would invest in a real estate. Worste case is you have a place to live.

Thanks you.

[pboychuk]

how is a house an investment?