#1
|
|||
|
|||
Torn between two business paths
Here's my situation: I'm 24 and debt free (except for my car). I have about 35k in assets in various places. I have recently moved to the Raleigh-Durham area in North Carolina from New Jersey. I am temping at the moment and lining up a lot of potential office jobs; not in any real money trouble, but I don't have a monster income at the moment.
I want to get started in creating a business and I am trying to choose between two possible paths. Here's a brief description of how I see them: 1) Property Management. I have wanted to do this for years and I believe I am in a good location. Having talked things over with a mortgage broker, my job history is going to make it hard to get a loan on a property for the next eight months or so (need to build trade lines), so if I want to do this I have a lot of studying and networking to do in the meantime. On the plus side, it seems like a very tried-and-true method of acquiring assets and wealth, and it sounds like something I would enjoy doing. On the minus, it feels very risky and it seems like I have a long time to wait before I can get it started. 2) Vending Machine Business. This is something I have been musing over of late and it seems like a fairly low-risk form of high ROI passive income. I still know very little about it, however, and need to discuss things with someone already in the business (and perhaps find a mentor). I'm not turned off by cold-calls or hardballing deals and it seems like this could be an excellent way of generating a passive income; I suppose I don't know enough about the catch to really judge whether I want to actually start setting up a business. Does anyone have experience with either of these two businesses? |
|
|