Should Entrepreneurs Be Homeowners?
Opinions expressed by Entrepreneur contributors are their own.
- Will you still have enough capital and cash flow to run your business once you’ve handed over the down payment and started paying your mortgage?
- If you or your spouse has to relocate within the next five years, will you be able to rent out your house for enough to cover your mortgage payments?
- Can you use the house as a home office and/or storage facility in addition to a place for you and your family to live?
- Does the house have a spare bedroom, carriage house or “mother-in-law’s apartment” that you can rent out for extra income in case you need it?
- Is the house and lawn small enough that you and your family can take care of it without the help of a landscaper, handyman, etc. that you’ll have to pay?
- Will you still have enough capital and cash flow to run your business once you’ve handed over the down payment and started paying your mortgage?
- If you or your spouse has to relocate within the next five years, will you be able to rent out your house for enough to cover your mortgage payments?
- Can you use the house as a home office and/or storage facility in addition to a place for you and your family to live?
- Does the house have a spare bedroom, carriage house or “mother-in-law’s apartment” that you can rent out for extra income in case you need it?
- Is the house and lawn small enough that you and your family can take care of it without the help of a landscaper, handyman, etc. that you’ll have to pay?
The rest of this article is locked.
Join Entrepreneur+ today for access.
Subscribe Now
Already have an account? Sign In
