Personal Development for Smart People Forums - View Single Post - Owning a Business

dgorila1 · 01-30-2007, 04:12 AM

If will be new to the area and don't know anything about it (or how long you will be there) definately rent for awhile until you are settled and sure this is where you will be for some time. Don't worry too much about the lack of credit history and such.....just offer to pay an extra months deposit if asked like mentioned above. Once you have your business established and doing well, you'll have a track record with a bank and should be able to qualify for a mortgage if you decide to buy.

01-30-2007, 04:12 AM	#8 (permalink)
dgorila1 Member Join Date: Jan 2007 Posts: 61	Renting vs. buying If will be new to the area and don't know anything about it (or how long you will be there) definately rent for awhile until you are settled and sure this is where you will be for some time. Don't worry too much about the lack of credit history and such.....just offer to pay an extra months deposit if asked like mentioned above. Once you have your business established and doing well, you'll have a track record with a bank and should be able to qualify for a mortgage if you decide to buy.