Have money to open a small biz, or should I just buy some Real Estate?
All understanding in the market is well. Robert Kyiosoki, John Becks, Carlton Sheets, Donald Trump, Russ Whitney and so forth. You simply have to determine what's correct for you and simply by exchanging the best way; you feel your movements and direction will likely be special. Carlton Sheets may be very well understanding sure they present mentors however you have to have the decision for difference and act on it. Before any one Invest in Real Estate, you have to Invest in Education if you need to be Wealthy. Also encompass your self with members that wish to be triumphant or who're and Stay transparent from the Negative men and women!Good success keep Positive!Real Estate Investor
Depending on where you live, and how hot or cool the housing market is, I'd opt to purchase a house with as much down as you can muster, wait 6 months to a year, build up a little equity, then borrow on the house to put down on a small business. In an upswing, your house is making money, while you haven't put much of your own money into the business, and if you are in a downswing, you still own a house if the business tanks.
You should buy real estate. I have a small business and it takes a ton of work to keep myself in the black. Also it takes a few years to actually establish yourself. At least with real estate you could rent and have appreciation on your side if you buy in a good location. Just do your homework on the area where you plan to buy.
I started many businesses for over 5 yrs now, internet and mailorder. I even owned real estate twice, from a Will Trust, and No Money Down Deal. Now, I sold the Will RE and I lost the RE from a bad broker deal, that went foreclosed. Business is still going after many failures. But here is my advice. You can make real estate a good business with DD research and know that its better to buy RE and sit on it, instead of waiting to purchase later. While it goes up in value, you can always borrow against it for future purchases or for a new business enitity. After my last failed RE deal. I vowed to learn how to make the type of money from my business first, then I can buy what RE, multiple types...land, Mobile Homes, Condos, Farms, Family Res, etc. and make it worth my time, with much DD effort. But whatever you decide, make sure it is your passion. You would have to love doing it, and always fine tune it, to keep it growing. Learn from your mistakes and never give up with your business. I have just crossed the path that I set my goal for, and that was to make in the range of $3-5k per month from the internet. Now I am researching properties in certain areas that I would like to buy. It took awhile, but I made that first goal successful. Now my next part is the RE of my choice. It will become easier now, working with a RE management co. to take care of my RE needs as I purchase what I want to rent. So Good Luck and get your feet wet. I am sure you will do just fine.
