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Updated about 5 years ago on . Most recent reply

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Abel Santana
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5
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Investing in the stock market to get to my DP goal faster

Abel Santana
Posted

Hello everyone! I'm new to the BP forums and semi new to REI (I've been reading and listening to podcast about it for about 8months now) I'm currently 19 and my goal is house hack my first property so I plan on getting a FHA loan to start my career of with and learn from there. I have talked to many banks around my area and just going over some stuff most banks guarantee me a loan (last time I checked my CS it was at 710) so now I just need enough for a down payment. To get the money faster for said down payment 4500-6000$ I've started investing in the stock market for about 2months now and so far have made about 30$ In return. I deposit money into said account every paycheck but I have heard that it is also just better to buy and hold in the stock market rather then making enough money and pulling everything out as I plan on doing so I just wanted to hear some of your guys opinion on said idea??

Thank you!

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