this property is only land and I had plans to build a house and I even hired an architech, but I ran out of funds and we never started the project. I want to quit my job and start a business in december. I don't know if I should try to sell know before the summer ends or wait.
2006-07-31 07:55:40 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can sell a vacation property for any reason you like. I'd sell it when the market is hot.
2006-07-31 08:06:31 · answer #1 · answered by The Man 5 · 2⤊ 0⤋
Even though starting a business is always a risk, I think you should go for it, love. After all, there's a good chance that you will get a great investment return from this business, whereas with a piece of property won't make you any money at all, except for a potential rise in value. Unless you have money to throw around, I personally think it would be somewhat of a waste to have a property that you'd visit only 1-2 times a year. If you are still interested in a vacation spot for you and your family, look into time-sharing.
2006-07-31 08:01:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Compared to offline businesses, the investment required to start an online business is minimal. A popular way of earning money on the internet is by providing information and services. This can be monetised by advertising or charging a subscription. You can also make money online by selling products on auction websites like eBay or through your own website. More information available at http://tinyurl.com/syw6m
2006-07-31 20:04:20 · answer #3 · answered by lalraniusha 3 · 0⤊ 0⤋
Have you tried to get a business loan? Better to use the bank's funding to establish business credit if you need to later expand operations. That as opposed to using your own cash to float the business. That said - many real estate markets are declining and could be a good time to get out if you don't think you'll be able to really use the property any time soon. My 2c.
2006-07-31 08:00:19 · answer #4 · answered by HomeSweetSiliconValley 4 · 0⤊ 0⤋
Land usually takes a long time to sell unless you're in a really high demand area. What's teh advantage of waiting?
2006-07-31 07:59:20 · answer #5 · answered by lenny 7 · 0⤊ 0⤋
personally i would sell the land and start a business it would bring in more money. and you wouldn't have to hire all the people to build the house, you could hire people to work for you and your business
2006-07-31 07:58:46 · answer #6 · answered by babybro35 6 · 0⤊ 0⤋
you need to carefully research what kind of business you will be going into, how much it will cost you to start and how much you can sell your lodge for.. You might also want want to consult other financial options. look through all possible options before selling your lodge is what I will advise.
2006-07-31 08:07:02 · answer #7 · answered by Deji O 1 · 0⤊ 0⤋
Your mum and dad had status, you probably did no longer. Your mum and dad chosen to settle for the strikes of the fiance. . truthfully you probably did no longer assume the fiance to objective and carry directly to the homestead and make loan money for you whilst the entire kinfolk left the rustic.
2016-10-08 13:03:40 · answer #8 · answered by ? 4 · 0⤊ 0⤋