Properties or a backpackers?

As you know my hubby has had a work accident and I mentioned ages ago we are suing his former boss because the accident could have been prevented if they had the safety guards on. I can not begin to explain what a huge impact it has had on our lives and how it also has been difficult financially. Our case against the former boss is a 100% win case, all that is left is to decide how much compensation my hubby will get. They have been taking to court by work, health and safety as well and they got hammered in court.

Lately we have been thinking a lot about what to do with the compensation money once this whole thing is behind us. We would like to invest the money wisely. At the moment we are looking at two options; investing it in real estate or start up a backpackers which has been a long time dream of ours. If we start our own backpackers my hubby could manage the place because he has managed one before. I know it will be a full-on 24/7 business though.  Investing in properties would be good too, because you can rent the properties out and still get a job beside it.

Whatever we will do, I will have to talk to mortgage lenders and see what the best options are for us. Until then we have some more time to think about it.

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