ShareThisWhat would you do in this situation?
I lived in SoCal looking for work. Moved to Hawaii to help my brother expand his landscape business. We just added another guy to our crew making it 3 of us. We work Mon-Wed full days from around 8 am to 4 pm. Only pays me 0/month because I gave him that fair amount as he caught up on bills and stuff. I also do the invoicing and all the paperwork that is needed. Also join him in some of the projects that need to be done like fixing valves, pipes, new plants, etc. I live with him and he pays for food and stuff. Don’t pay rent. They want to move to a bigger house and wants to charge me for a room to help pay the bigger rent or mortgage. I can’t afford that because I want to save my money for several months and reinvest it into my own side business (RE Investing). Thats where I stand now, but now rethinking my options as follows:
I can stay and get a raise to 0 and do the same thing, hopefully in the future he switches the business from sole proprietor to a corporation and possibly go 50/50? I wouldn’t mind going 60/40. But at least now I am part owner officially. Also by then running my business that he wants to join as well when he gets bigger and has the money to invest.
Or I can move back to Cali but this time to NorCal with my aunt because my mom told me about a cleaning houses job that pays /hr that she would like to do (Dad won’t allow her to leave). She probably won’t charge me for rent, if so maybe a couple hundred which would be fine be me if I were to get paid /hr. So I thought about getting that type of job more than what my brother pays me now by more than double. I can then save more even faster than now. Start by business investment there. Then maybe by that time if my brother is o.k. with this plan, then I can join him again or if not still partner with him if he wants to invest with me.
Then my uncle said he could get me a landscaping job. My friend was working at a construction site and so forth. All these jobs that are now available to me after I moved away is like man, got me thinking.
My goal is just to be able to pursue my own business to the point that all those small jobs are no longer necessary. Also because I am not paying bills yet so it gives me an opportunity to save up a lot and invest it. Really looking to save up around ,500-K to start investing. So its really not that much capital that you need.
In Hawaii I am stuck on the island of Maui that has no REIA clubs and so forth to help me. I can only do so much here with limited resources. I have lived here for like 4 months now and got to do a lot here. Now its just like what to do next that’ll benefit me for my future family? Is it best I stay here or take another step that’ll hopefully lead to a better position? California has a lot more resources and able to drive around vs flying back and forth which costs more.
So what would you do in my position? Stay and grow a business with a brother and hopefully IS split between both or maybe his wife included? Or go with your aunt and save up to start something of your own without knowing the outcome?
One you save slowly, while the other you save faster. One is more secure, while the other has more risk to it.
