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Buy a house or rent whilst starting a business?
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Hello,
My girlfriend and I are planning on starting a business. We have 10K to invest but also want to use it as a deposit for a house.
We cannot decide whether to continue renting and use all the money to startup the business, or use the money to buy a house and then secure a loan against the property to start the business. The business has relatively small startup costs and is low risk.
Could anyone please tell us the pro's & con's of each choice to help us decide.
All advice is very appreciated. Cheers.
My girlfriend and I are planning on starting a business. We have 10K to invest but also want to use it as a deposit for a house.
We cannot decide whether to continue renting and use all the money to startup the business, or use the money to buy a house and then secure a loan against the property to start the business. The business has relatively small startup costs and is low risk.
Could anyone please tell us the pro's & con's of each choice to help us decide.
All advice is very appreciated. Cheers.
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