Do I pay off my mortgages - or start a sandwich shop?!
Here is a question for you -
I've got 2 mortgages - totalling about £100k
If i pay them off - i''l be getting rent of about £800 a month.
BUT -- I've always wanted to start my own sandwich shop!
The shop is for sale - £80k
Then i've got another £40k to do-it-up / stock, wages, etc.
The shop is in a small village - with a comprehensive school - industrial estate -- but its not town size. There was a sandwich shop - but it closed a few months ago. There is a chip shop / chinese / butchers -- all doing food (but not early morning for workmen, etc). At dinner time - this would also be the only eatting place with seating area.
So - do i pay off mortgages - and get £800 a month rent.
OR do i risk my money - for a chance to get the shop i've always wanted. With the potential to lose money -- but maybe make more than £800pm??
Cheers!!!
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