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[dancingmonkey]

My wife and I are about to relocate and open a restaurant.
The building we are buying has an apartment upstairs where we'll live. The business space is not a restaurant right now. The cost of the building and the cost to build it out are about the same.
We could pay cash for the building and then use the building as collateral for the construction loan. To buy the building outright we'll use most of our available cash but the thought of not having a mortgage payment and only paying down on the construction loan is alluring to me.
it would also be potent inspiration to get the joint open and creating income.
i tend to be a chance taker but is this too risky?

[Jack]

Before you put your money into the restaurant, get your business plan together. read the blogs that are related to opening a restaurant. While any venture is risky, with the right plan and consulting, you can bring the odds to your favor. Good luck in your venture. If you need any further help please contact me.