Is it better to buy a house cash and finance a business or vice versa?

Im currently working overseas making good money and Id like to invest it in something.Dont know whether a should buy a house cash while my business is being financed or buy a business and finance a house.Businesses that interest me are Smoothie King and Wing Stop.Please no rude answers.Thanks.

Is it better to buy a house cash and finance a business or vice versa?
Buy the house...........you will have an asset.incorporate the business so if it goes south you will still have the house............
Reply:If you are overseas and looking to invest, I would put 10-20% on the house and hire a management company to take care of renting it out, that way you will be slightly negative for the short term, but you could make payment, however in the long term you will come out ahead. Let someone else pay for it for you. If you are looking for the house as a residence for yourself pay cash, pay it off, not having a mortgage outweighs the tax benefits you may get from having one. Also as far as disclosure goes you could always get two seperate inspectors to find the condition of the house.





As far as the franchise goes, I would wait until you have your investment property in order and has regular tenants. You can then pay cash for your business and voila you are good to go.
Reply:Well, even if you have cash to pay for a house you should always finance some it. Just because it forces to seller to disclose everything.....doing a cash sale precludes some of this and the seller can get away with alot less disclosures. My suggestion would be to put cash down on both and finance some of each. Then you get the tax bene's of a mortgage and you not totally oweing on each. Also, be sure to hold back some cash just in case.