Is it possible to buy a property and start a business at the same time?
Apr 28, 2021
4 Comments
I’m evaluating the risk and got some savings. But financially speaking I’m a little nervous how to approach this.
I’ve got enough for a downpayment of a property and can easily pay for this while I’m still at Msft. For the app I’ve got 10-20k~ left to invest and find product market fit while I remain at Microsoft.
I imagine if the app gets interest for investment, I could quit Msft and assign myself a min salary to cover the mortgage payments right? Or would this be looked bad by any possible investor (VC, family/friends, any other)
I find myself uneasy with these two decisions.
As I want them both but I’m financially uneducated. Any tip would help please.
Lvl 61
TC: 180
comments
Buying a property itself is lengthy process and app will take time.
Go with the flow
I get you though