Im about to take a very big step and a big gamble in my finacial and business life.
I have sold my house to invest 1/4 million pounds (the equity) in my business which currently has 5 vans with me in a little (and very cold) office! Im moving back in with my parents and renting the spare room from them. Its all going through on thursday this week.
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Brave or stupid?
You decide!
I've decided you're stupid sorry Lee. Let me tell you why...........someone else beat me to it and pointed out that you havn't actuall invested 250k, and as you say yourself you've invested only 150k and kept a deposit back. For this 150k you're going to get another 3 vans, thats a cost of 50k per van, thats just on your outlay, No idea how its gonna look with your predictions and costs/income.
In actual fact, the nett result of what you have done is lose your home, renew 5 vans, finance a marketting campaign and put 3 new vans on? Its worrying in so much as ..was the business not able to sustain renewing the 5 vans itself ? It should be.
Of course as you point out, the 8 new vans are on finance. So you havn't really invested in them, per se. Your actual investment is really a static system, and a 85k marketting campaign. And in order to do this, you've gave up your home. Thats not a luxury everyone can afford.
Im well known for telling customers what I really think either on the phone or email
I'll suspect thats something you'll get good at, as you'll be chasing a lot of money. And you'll be watching your operatives on a tracker .So to summarise, you're living back with your parents, giving people crap on the phone or email, sitting in a posh portacabin all day, got a monthly finance bill for 8 new vans (i shudder to even think the amount you're paying) , and i think you have a Porsche or summat to drive round in ? One things for sure, you'll be booking a hotel if you fancy a naked romp round the house with a quick line on your birds arse (or guy if you're that way inclined) , either that or you have very understanding parents !!!
Anyway, Good luck with it. When i was 35 i was going to parents evenings at the kids school in my Sierra, I'm just jealous. You however Lee, are living the dream. I'm glad you shared it with us !!!

I would give my left leg to be living with my parents, watching a tracker in a portacabin. <Thumbs up !!!>