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Updated about 3 years ago on . Most recent reply

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4
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3
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Saving 15-20k to invest in real estate what’s the next best move

Posted

Hey family(brand new just wanted to say hey before anything. 

My concern/question: 

I’m in the process of saving 15-20k to purchase my first investment property. 
im looking for a 4-unit(like everyone lol), but I was wondering 

1. Where do you keep your money while you’re saving 

- a regular saving account

- a CD 

Just wondering… 

2. where do I go after having the money

- how to find the property leads etc. 

I’m going to do my own research, but just wanted to ask those that have done it before… because y’all are amazing. 

Thanks again you guys really are the best💯

Most Popular Reply

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413
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258
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J Zev J.
  • CPA
  • Colorado Springs, CO
258
Votes |
413
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J Zev J.
  • CPA
  • Colorado Springs, CO
Replied

@Jhameel Bernadeau - Great job saving. As a general response, I would suggest learning all you can about househacking to see if that's a good fit for your goals. I've seen clients use that as a great investing stepping stone with about the same amount of funds you'll have. 

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