what to buy- Shop or house

Terryw wrote:

that is like asking “what should I eat for dinner”
It depends is the best answer.

👆👆👆👆👆👆👆

So many figures are missing to even begin considering the options. And then we’ll need to look at your specific situation.

Long term or short term are two very different things. Many times the best long term option is the worst short term option so I suggest that you first decide strategy, then review, understand and hopefully strengthen your financial position, then the answer which of the options you mentioned would serve you best should be much clearer 😎

Perhaps engage a broker or a financial planner?

Hope this helps?

Cheers,
Ethan

Satvik wrote:

i) 3 BHK of approximately $550K
ii) Shop in a developing shopping centre off the plan which I can lease later or use for my own business.
iii) Shop in established Shopping centre of $450 K
iv) Shop in small shopping centre of suburb around $280K.
iv) Buy a block of land for around $200K and build it a 4BHK 2 storey house in next one year and sell.

Hey mate,

Happy to help.

Ok, let’s talk short term.

Option iv is clear (buy land, build house, sell). What’s the plan regarding each of the other options? How do you plan to make a profit quickly with those ones?

We’ll then be able to zoom into figures 👍😎