What to invest with $20k for long term (at least 15yrs)

[Richard T.]

Hi all,

So I have about $20k on 529 for my 2 kids now. They’re 5 & 2 years old. I am not planning to put more money into 529 and want to use that $20k to buy something and forget about it until kids go to college. Will accept 10% penalty when withdrawing since stock market didn’t treat me well.

I know I can’t go very far with $20k (not enough for any rental property, since I cant borrow anymore, at least for now). We live in Houston Area btw.

So, what kind of real estate and where should I put this fund on? Raw land, maybe?

Thank you so much for your inputs!