Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

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.

Loading replies...