What would you do?
#truestory #Money #advice
9 days agojhaddow68
You do whatever you want to do with it. If you're not planning on living there and you don't want to be a landlord, sell it and do whatever you want with the money
9 days agolindamom9
Me personally I would keep the house. A car depreciates the moment you drive off. Your start up business I would do without selling of the house. No mortgage. Thatβs a big deal. Keep the house thatβs your best investment
9 days agodbailey2013
Very few new businesses make it! A new car depreciates the minute you buy it! Donβt start a business either with the money!
9 days agodaisy5apo
Keep the house, it should have a lower properly base. The should increase over time. But, if you sell within a year, there's no capital gain tax.
10 days agodebbyjire2
Letβs settle this one πππ½ If you inherited a house from your late parent and needed money to start a business, would you: A. Sell the house and invest B. Rent it out and use the income C. Keep the house and find another source of capital Which one are you choosing? ππ½
10 days agodebbyjire2
If the business is the reason for selling, I think the person should first have a very solid business plan, know exactly how much is needed and consider whether the property can generate income instead of being sold.
10 days agodebbyjire2
Honestly, I would think about this very carefully before selling. A property can appreciate over time, while a business can succeed or fail. Iβd explore every possible option before letting go of the house.
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