Someone just inherited $10k, and he is torn between building a house or starting a business with it.

[Fidelia]

A person that I know just lost his dad, and the company the dad worked for has paid $10k gratuity. They are 3 siblings. Should he build a house for the family since they don't own their home. That amount can build a house in my country. Or should he use it to start a family business?

 

[King Belieal]

I think having a family house is the best use for that funds. There is a chance that business might fail. Real estate property is more secure.

 

[Springtime]

I would buy a house because investment in real estates has a higher chance of getting profits.

 

[Starmix]

Since the recipients of the gratuity money live in rental, it is better for the 3 siblings to buy a small house and lot they can call their own rather than losing the money paying for a house rent, They need to be smart.

 

[eLdavis]

Why not do both? Build or buy a small house for now then focus on investing and starting a business, and with time you can build the house you want.

 

[freelancermaria]

Maybe buy a small house within their budget and start a small business. Doing both is the best option. Hehe. Having a business can really help them, especially in this current economy.

 

[Min George]

Maybe buy a small house within their budget and start a small business. Doing both is the best option. Hehe. Having a business can really help them, especially in this current economy.

I would subscribe to this point of view too if the amount of money can get them a small house. If it is to choose one, a house is the best bet.

 

[riberet19]

I think building a house is the best thing I could do right now with that money, if I were in that position, that is what I would personally do.

 

[Augusta]

Well I don't know about others but for me I would go for real estate build and rent the house unit out