my b/f wants to start a business where he buys property and cars at a low price and sells it real cheap but he still makes a huge profit. i dont know what capital he will use though. i advised him to use his accounting degree and work for someone instead...do u think this business idea of his will work?
2006-11-27 22:46:51 · 8 answers · asked by Anonymous in Family & Relationships ➔ Singles & Dating
Hard to say. . .there's such a high percentage of failure in business. He should do his homework. I'm not sure there's much to be made, really, working as an accountant. I understand most accountants don't make loads of money. Although, if he gets into accounting AND buying property he may do well. Flipping property might work as long as the market is hot, but he may be better off buying for the longer term. I'm not sure about he car idea. Again, it depends on the economy.
2006-11-27 23:14:56 · answer #1 · answered by Taramasu2U 3 · 0⤊ 0⤋
It works long term with property, but cars are more risky. Lots of capital is needed, or he'll lose everything. Don't invest with him. Get rich quick schemes leave most people broke. Some people do this throughout their lives, as well. Think about this before you have children and/or marry.
2006-11-28 06:51:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
yes it is a good idea that he liked and he is working on it. if he keeps working on this opinion and working hard on it he will be a well known person in your region if he don't its response will be opposite to it. The thing which make him rich it is only his hard work. say him not to spend his whole money on it fully he buy the property in a small amount and don't buy next till he sold it.
If he buy the whole property with his full available money and the property rates fall don't than he will be found like a bagger in the street...it is my adviced and may be you liked by you
2006-11-28 06:53:12 · answer #3 · answered by Muha A 1 · 0⤊ 0⤋
You said buy at low prices and sell cheap. I don't think that is a good formula for making money. There is a way but it is not honest and can get you in a hea[ of trouble.
2006-11-28 07:07:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's a really great idea, and especially in real estate a person doesn't have to use his own money, but do the job thing first until it gets going.
2006-11-28 06:48:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Only time will tell if his plan will work or not.There are lots of people who made big money selling and buying real estate. If I were him, I'd steer clear of cars.
2006-11-28 06:50:49 · answer #6 · answered by WC 7 · 0⤊ 0⤋
No one know how their plans will fan out bt if he strongly believes in himself then u should b supporting him, he could make a complete flop of it or he could succeeded u neva know.
2006-11-28 06:50:52 · answer #7 · answered by tickgal88 3 · 0⤊ 0⤋
He will...
2006-11-28 06:55:39 · answer #8 · answered by yu g 1 · 0⤊ 0⤋