Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 5 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Richard T.
  • Houston, TX
0
Votes |
2
Posts

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

Richard T.
  • Houston, TX
Posted

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!

Most Popular Reply

User Stats

462
Posts
365
Votes
Jon Reed
  • Rental Property Investor
  • Springfield, MO
365
Votes |
462
Posts
Jon Reed
  • Rental Property Investor
  • Springfield, MO
Replied

If you want to buy something and forget about it... then do not buy real estate. Keep it in stocks and bonds.

Buying land is as close to 'buy it and forget it' (except for yearly taxes) but selling land is not easy and can take years... so you may end up with your 20K in land stuck for years after your kid's need that money for college.

Loading replies...