House, Condo, Rent?

[Jay G]

I’m in need of aged advice. I’m twenty five years of age, entrepreneur, who also hold a full-time job. My dream is to become a Venture Capitalist and the only way I will get there is A.) Working for a VC firm or B.) Start my own Venture Capitalist company (in progress). I much prefer the latter.

Starting another company obviously takes a substantial amount of money; fortunately I will have an additional forty thousand left over. I would like to hear the Guru’s of real-estate recommendation on purchasing a house, condo, or renting?

I should also note I live in Florida where the housing market has been on a decline for the last couple of months. I believe we’re up around 2500-3000 foreclosures this year. Would it be a wise decision to jump in the market, while I have an opportunity to make substantial gains in the next few years?

Any advice would be greatly appreciated.

Thanks,

Jay.