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Updated almost 10 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Michael McMinassian
  • Professional
  • Clovis, CA
4
Votes |
13
Posts

Paper Trail

Michael McMinassian
  • Professional
  • Clovis, CA
Posted

Hello BP,

I am saving up some cash every month via paychecks from my job. Every 2 weeks I have a specific amount be direct deposited into another checking account I don't use. My end goal is to purchase my first home via FHA but not buy a single family home. I want a multiplex so I can stay in one and rent the others out. I also run 2 small startups and I pay myself a small salary every month I deposit in that same account.

Am I doing to much work for a paper trail? Or should I just stack up the money in an envelope and deposit it to the account I want to use to place the down payment?

Thank you.

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