Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,154,621 members, 7,823,719 topics. Date: Friday, 10 May 2024 at 01:53 PM |
Nairaland Forum / Nairaland / General / Business / Can I Sell My House To Invest In Business ? (16751 Views)
I Released My House Document To My Cousin To Obtain Loan, How Can I Get It Back? / How Much Can I Sell This Snake I Killed In My Hustle Today ? / Why Most Uneducated People Are More Successful In Business - Johnspeak Uwangue (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: Can I Sell My House To Invest In Business ? by nicemom: 12:28pm On Feb 21, 2022 |
I don't usually respond to every post but let me pen down my little advice here with your salary scale to me you don't even need loan though depends on how much you need for the business just join a cooperative in your organization or what we popularly called adashi when 10 people contribute 100k you will get 1m you can opt for two hand which is 2 m without intereste if you get good leader she or he can give you for 1&2 hand which is at least manageable to start a reasonable business 1 Like |
Re: Can I Sell My House To Invest In Business ? by sircrabo: 12:28pm On Feb 21, 2022 |
RapistOnBail: I'll rather leave in a comfortable rented apartment and have a thriving business, than living in a house I own with very little money coming in monthly. At the end of the year, pressure will be put on tenants because that's where you are looking to feed. Unless one isn't so sure of the business to venture , then selling the house will be a bad idea. Las Las you'll just be seen as oga landlord. To excel you have to take calculated risk. |
Re: Can I Sell My House To Invest In Business ? by ebuka440: 12:28pm On Feb 21, 2022 |
What's the issue with the like? You just need a like or what quote author=SurvivorM post=110413722] Please Sir can you enter this link and like my comment https://www.nairaland.com/6996196/giveaway-2-winners-10-each#110408106 Thank you so much [/quote] |
Re: Can I Sell My House To Invest In Business ? by eddynaira125: 12:29pm On Feb 21, 2022 |
Patented: Bad advice Don't try this cheat |
Re: Can I Sell My House To Invest In Business ? by nicemom: 12:30pm On Feb 21, 2022 |
Harddiskng: True talk |
Re: Can I Sell My House To Invest In Business ? by MoonWater: 12:30pm On Feb 21, 2022 |
Patriotic9ja: Without the doubt � |
Re: Can I Sell My House To Invest In Business ? by Crusadee: 12:30pm On Feb 21, 2022 |
You rather save from your salary to start that business... If you sell the house how sure are you the roi will always be as expected? |
Re: Can I Sell My House To Invest In Business ? by abduly4: 12:31pm On Feb 21, 2022 |
POSmecrhant:..... Thats a bad idea bro....starts your business with little capital, either from savings, borrowings and contributions don't sell your house to start a business.....on the other hand it's a nice idea if only you have experience in the business you want to venture in.... |
Re: Can I Sell My House To Invest In Business ? by RapistOnBail: 12:33pm On Feb 21, 2022 |
sircrabo:Absolutely |
Re: Can I Sell My House To Invest In Business ? by Acidosis(m): 12:34pm On Feb 21, 2022 |
SurvivorM: Done |
Re: Can I Sell My House To Invest In Business ? by wisdom042(m): 12:35pm On Feb 21, 2022 |
Instead of selling your property to invest in business while not seek a loan and use the property to secure the loan mind you if you’re sure of the business you’re about going into to avoid regret in future |
Re: Can I Sell My House To Invest In Business ? by EgunMogaji2: 12:38pm On Feb 21, 2022 |
POSmecrhant: Don't do it. |
Re: Can I Sell My House To Invest In Business ? by do4luv14(m): 12:38pm On Feb 21, 2022 |
POSmecrhant: A very bad idea, if you sold it, more responsibility will come, like house rent, why not learn an online skill in your spare time, that skill alone can still furnish you the same amount, weekly or monthly, My 2cent is don't sell the flat, you can still invest, with the little you have, And if what you invest on is good, and yielding result, increase your investment , I repeat don't sell the flat 1 Like |
Re: Can I Sell My House To Invest In Business ? by Ojemedad: 12:40pm On Feb 21, 2022 |
Acidosis: Nor mind dem, in 10 years time the house will be worthless, only the percel of land with appreciate If you cant let go of somethings you won't grow |
Re: Can I Sell My House To Invest In Business ? by Evidenx(m): 12:40pm On Feb 21, 2022 |
POSmecrhant:DON'T EVEN THINK OF IT AGAIN I BEG YOU. ITS A BAD IDEA. LEAVE THAT HOUSE OGA,E GET WHY. |
Re: Can I Sell My House To Invest In Business ? by Kwara1stson: 12:40pm On Feb 21, 2022 |
Even the house rent u dey collect na business |
Re: Can I Sell My House To Invest In Business ? by SocialJustice: 12:42pm On Feb 21, 2022 |
POSmecrhant:Have you started the business or you want to start it with money from the property sale? Please research the business properly because once that property is sold, it is gone forever. I am also in the process of selling 1 of my properties to start a business but the business is something I understand very well, I am not giving anybody money to do anything for me. I wish you luck. |
Re: Can I Sell My House To Invest In Business ? by Kokaine(m): 12:42pm On Feb 21, 2022 |
You really don't know how the business will go. I wish I had bought three houses when I just started working. By now, I could have sold two to do business. But its the only one I managed to buy and I'm still paying jaiz bank for it with my salary till 2024. I can't sell it. I'll rather finish paying then sell it to build a better one. There are some investments that you only have one chance inna life time to key into. One of them was bitcoin when it just came out. It was 9k. I could have bought 10. Lands in awoyaya used to be around 600k in 2014. I could have bought Lands in epe used to be about 300k then, I didn't buy. When I finally started having sense, it became time for marriage. Now I have a land and a house but my business needs capital. I think of selling these things bit I'm still hoping. |
Re: Can I Sell My House To Invest In Business ? by emmy989(m): 12:43pm On Feb 21, 2022 |
Property is an asset, business is not asset,because it can collapse anytime,any day. So don't try such a thing. |
Re: Can I Sell My House To Invest In Business ? by emmy989(m): 12:43pm On Feb 21, 2022 |
Property is an asset, business is not asset,because it can collapse anytime,any day. So don't try such a thing. |
Re: Can I Sell My House To Invest In Business ? by ebuka440: 12:44pm On Feb 21, 2022 |
Okay but if may ask, is the price from nairaland or from who. Just asking SurvivorM: |
Re: Can I Sell My House To Invest In Business ? by CaptalnMitch: 12:45pm On Feb 21, 2022 |
Don't do it ma |
Re: Can I Sell My House To Invest In Business ? by ebuka440: 12:46pm On Feb 21, 2022 |
I have done that, okay. Good luck SurvivorM: 1 Like |
Re: Can I Sell My House To Invest In Business ? by Microwhy: 12:47pm On Feb 21, 2022 |
POSmecrhant:Without reading the post, please don't sell your house to invest in any business. Take your house as one of your eyes which you can remove even for a billion dollar. |
Re: Can I Sell My House To Invest In Business ? by Nobody: 12:48pm On Feb 21, 2022 |
Thank you for the kind advise, everyone. I won't sell the house again. will sort other ways in raising funds 1 Like |
Re: Can I Sell My House To Invest In Business ? by ba7man(m): 12:51pm On Feb 21, 2022 |
POSmecrhant:Bad idea. Have you considered leasing out the apartment instead of an outright sale. |
Re: Can I Sell My House To Invest In Business ? by adelafe2019: 1:01pm On Feb 21, 2022 |
Pls. do not waste your time advising the o.p. because he hide certain information that will enable us to give very reasonable advice: 1. How much does he expect to sell the house? 2. How much does he need for the business? 3.What business model ( type of business) does he want to invest the money? Answers to above questions are input to an accurate answer/advice. |
(1) (2) (3) (4) (5) (6) (7) (Reply)
CBN, FG Agency Set To Review New Regulation On Bank Customers / Italian Arraigned For Defrauding Zenith Bank Of N717m / Spanish GB Foods Commissions $51.9M Tomato Processing Plant In Kebbi
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37 |