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Updated over 9 years ago,

Sidney S.'s profile image
Sidney S.'s profile image
Sidney S.
  • Flipper/Rehabber
  • from Centreville, VA
  • Member since Aug 13, 2015
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User Stats

33
Posts
4
Votes
Sidney S.'s profile image
Sidney S.'s profile image
Sidney S.
  • Flipper/Rehabber
  • from Centreville, VA
  • Member since Aug 13, 2015
Connect
Sidney S.
  • Flipper/Rehabber
  • Centreville, VA
4
Votes |
33
Posts
Buying & Selling Real Estate

What should I do with 15K and a 20K IRA?

Sidney S.
  • Flipper/Rehabber
  • Centreville, VA
Posted

Hi everyone!

My husband and I live in Centreville, VA (Northern Virginia) and already have a rental property in Atlanta. We want to do some flips to gain more capital.

We would like to invest outside of our area since it's extremely expensive. We're currently interested in Chicago and Baltimore. 

Right now we have 15K cash and 20K in an IRA. We are also eligible to receive a bundled mortgage + rehab loan (not the 203K loan) for a property up to 150K. What should we do with it?

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