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Updated about 7 years ago,

User Stats

59
Posts
16
Votes
Joe B.
  • Real Estate Agent
  • Wilmington, NC
16
Votes |
59
Posts

Sell stocks for down payment?

Joe B.
  • Real Estate Agent
  • Wilmington, NC
Posted

Hey all

Getting really close to finally saving up for a down payment. Currently have 15k dedicated to that. Im still unsure whether I want to go the FHA route or conventional. If I go conventional, I will need a little more for a down payment. Been saving/investing non stop since I was 21. I currently have 40k in a vanguard 2 fund portfolio. Yes its growing, but could grow much more if it were placed in real estate possibly. I know Cardone would tell me to ditch that, take it out, and get some property. I also have 20k in a Roth IRA that I know I can touch no problem (if used for a first time house). What are your thoughts on that? Long term I want to be a REI. Im 27 and want 10 properties by the time Im 37. The money used can be a huge start to my REI career. Do you think I should take out maybe 50%?

What are your thoughts?

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