hi there
i have been contemplating whether i should invest in a business or start buying more property.
i have been advised that will have about 120k to play with.currently wife and i earn 80k in separate jobs.
have been told to use funds for depositswhat would you do in our position ???
cheers.ps. thanks hhh for the useful information a couple of days ago.
cheers again.Well considering this forum is all abought property… I would suggest you buy a business….
Only j/king… But it’s kind of a hard Qs to answer since us strangers here have no idea about your skill set. We could say buy property, but if you built a business and floated on the stock market, and made over a couple of mill, we’ve just given you advice that really, dosen’t match your skill set. Also we don’t know your goals either… You might be comortable and just want high Capital Gains, or you might want another income, or you might want to reduce your tax, while still buying property, etc.
We need more information. What are your goals? Do you want to work? What are your skills?
Rgds.
Lucifer_auhi lucifer thanks for your reply
at present im a trade painter
my goal is to have a passive income from poscash properties.just wondering if a business might be a good stepping stone to reach my goal faster.
currently have 1 investment property worth 250k.
cheers.
Flash,
Have you experience in running businesses?
Are you prepared to spend three years building up the business before it replaces your current salary?
Do you know what type of business you wish to run?
Owning and operating a business involves a VERY different skillset to being an employee….take your time & do lots of research!
Cheers,
Aceyducey
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