If you had $100,000 would you invest it in a house or in a buiness?
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2006-10-01 17:12:09 · 23 answers · asked by Anonymous in Business & Finance ➔ Investing
I meant $100,000 downpayment
2006-10-01 17:17:10 · update #1
no.#1 Mom don't know where u live, but where I live the avearge house cost $550,000
2006-10-01 17:29:46 · update #2
Depends how old you are. But I would personally invest it in a house, the values will almost surely go up... and you have a house that you can either live in or rent out for extra money every month.
2006-10-01 17:13:46 · answer #1 · answered by DesignEx 2 · 0⤊ 0⤋
I would invest it in a house. I already have a home-based business and after the initial investment, it doesn't take an arm and a leg to keep it running. So I would definitely go for investing it in a house. Where I live, you can get a really nice house for around $300,000 - $350,000, so $100,000 would make a nice down payment.
2006-10-02 00:23:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Seeing as how 80% of all businesses fail in the first couple years and that 99% of all real estate transactions appreciate over a period of 5 years, I'm gonna have to go with the house. Just remember, however, real estate investments don't have a 100% rate of return per year, while some businesses do. So good luck with your decision
2006-10-02 00:19:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My answer is both! I would look for a house that cost anywhere around 30,000-45,000 thenuse the rest to upgrade or repair it (make it worth double or triple the total price I spent on it). Then sell and start on another and continue. Just think about how much money you can turn that 100,000 into.
2006-10-02 00:27:57 · answer #4 · answered by no.#1 Mom 4 · 0⤊ 0⤋
Depends on the market. Right now alot of houses are depriciating. But alot of businesses fail. Maybe buy two houses with $50,000 each. Rent one out until the market goes back up and live in the other?
2006-10-02 00:21:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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2006-10-02 04:07:32 · answer #6 · answered by stock_trade_expert 3 · 0⤊ 0⤋
house, 1 out of 10 businesses fail in the first 3 years
2006-10-02 00:13:38 · answer #7 · answered by holden 4 · 1⤊ 1⤋
i would pay off my house and start a home based bussiness,i have a few ideas and i know it would succeed now i need the $$$.lol.i am a dog groomer who does my bussiness out of ym home and it is going very well but there is only so much you can do ina home on a budget,i have a daughter so i can not groom full time my husband makes the money at another job but if our house were paid off we could make it a full time bussiness and watch it excell from there,why do u want to give me tha loan?just kidding.
it all depends on what you are good at and how much you owe on your house i guess.
2006-10-02 00:15:15 · answer #8 · answered by †Fakey McFakerson♥ 2 · 0⤊ 1⤋
Are you kidding, even the smallest house costs $500,000 around here.
100,000 is nothing in this day and age.
2006-10-02 00:15:13 · answer #9 · answered by froggy010101 4 · 0⤊ 0⤋
A house. A more sure and stable investment. You can flip it and make a lot more money.
2006-10-02 00:14:41 · answer #10 · answered by nquizzitiv 5 · 1⤊ 0⤋