Buy a house or rent whilst starting a business?

022425421 | 05:17 Mon 15th Jan 2007 | Personal Finance

0 Answers

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.

Balance Transfer Charges

Bank sort code

Answers

Best Answer

Nobody has yet answered this question. Once some answers have been given, 022425421 will be able to select one answer as the best. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

There are no answers available for this question.

Do you know the answer?