Buying a house while starting a business

[022425421]

Hi this is the 2nd part to the below question.

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.

[clever trev]

I asume you both have jobs at this time, will it mean you both giving up your jobs to run this business ? if so you will not have a proven income to support a mortgage, if you can hang on to your jobs and start the business as well that would be good, or if it was possible just one of you give up your job if it required, so you still have some income, has you can see there are alot of ifs????? not knowing all the facts i would think that if you have fath in your business venture go for it but dont spend money you have not made yet on buying a house, first things first , you need to focus on one thing at time.