Tuesday, August 24, 2010

Should i take out a second mortgage to build a one bedroom apartment in the back or start a business?

i can either build a apartment in the back with the money or start a swat meet business what should i do? what would you do? i just don't want to work for someone anymore....Should i take out a second mortgage to build a one bedroom apartment in the back or start a business?
Build the apartment, as that will increase the value of your home. The addition could possibly become an income earner for you if you get a renter, or you could use that solely as your business space and make the typical business expense deduction.Should i take out a second mortgage to build a one bedroom apartment in the back or start a business?
Best of luck to you Tina!

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start a business
How much net rent will the apartment give you based on the cash flow?





How much for the business investment?
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