50,000€ - Invest in a property or something else?

[4.314]

Hey, so I have around 50k euro laying around and I need to save approx 50k more to afford a good flat/house in my country (this will take me 2-3 years at my current IT job).

However...I am having second thoughts. I am thinking of opening some kind of a company or a business because I am still in my 20s and if I am going to risk (and possibly fail), better do it now.

I am also considering buying property and giving it for rent, the rent will essentially pay the bank mortgage every month as long as I have tenants. If the first one goes well, I will keep buying and renting more

Any thoughts or ideas? Anyone done something similar before?

intelfetch.net

[1]

airbnb is a good way to make money check it out

 

[22]

lol no

[1.097]

https://fortunly.com/statistics/small-bu...tatistics/

If you can beat the stats you can have a nice business for 50k as long as you know what you're doing

Property is always pretty safe

Where am I? 

[4.314]

airbnb is a good way to make money check it out

Yes I thought of that, unfortunately this requires someone to "deal" with the property on a daily basis - accepts guests, clean etc. I don't have this opportunity as I have a well-paid job and no time, and I guess I could hire a company but it feels like I will be getting the same amount of money as if I were to rent it. And I would prefer to rent it to the same people for months/years rather than guests every few days.

intelfetch.net

[4.660]

A good property will just double the initial investment within first 24-36 months, however i dont think this is enough budget for that sort of property.
but yes property is always the safest investment and even bad choices can get you your investment back as 2x in 5-10 years.
This is just in the total value when you try to sell it as a whole, rent is just the every month profit, so it is a good choice.

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[4.314]

https://fortunly.com/statistics/small-bu...tatistics/

If you can beat the stats you can have a nice business for 50k as long as you know what you're doing

Property is always pretty safe

Thanks for the link. Yeah I know 50k is really not even close to what people usually need to start a business (unless I go the indie route, with just 2-3 people which is even riskier). That's why my aim is towards real estate where the money can give me a good start for the first property.

intelfetch.net

[2.583]

A good property will just double the initial investment within first 24-36 months, however i dont think this is enough budget for that sort of property.
but yes property is always the safest investment and even bad choices can get you your investment back as 2x in 5-10 years.
This is just in the total value when you try to sell it as a whole, rent is just the every month profit, so it is a good choice.

but you are so rich you have a good starting budget @KSZ

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