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Updated almost 5 years ago on . Most recent reply

Drew Lamb's profile image
Drew Lamb's profile image
Drew Lamb
  • from Delaware, Ohio
  • Member since Jan 9, 2017
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Drew Lamb's profile image
Drew Lamb's profile image
Drew Lamb
  • from Delaware, Ohio
  • Member since Jan 9, 2017
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Drew Lamb
  • Delaware, OH
13
Votes |
50
Posts
General Real Estate Investing

What would you do with 20k?

Drew Lamb
  • Delaware, OH
Posted

I have 20k in savings that is designated for real estate. I’m currently house hacking with my first ever purchase that I’ve lived in for 2 months now. I am just wondering what you guys would do with 20k+ in savings for real estate?

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Nick Rutkowski's profile image
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Nick Rutkowski
  • Rental Property Investor
  • from Ithaca, NY
  • Member since Nov 4, 2015
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Nick Rutkowski's profile image
Nick Rutkowski's profile image
Nick Rutkowski
  • Rental Property Investor
  • from Ithaca, NY
  • Member since Nov 4, 2015
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Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
1,245
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Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
Replied

@Drew Lamb

If you’re rehabbing, use the money to repair your house then refi out into another house. If you’re looking to buy another house use your money as a downpayment. You live in Ohio, so chances are you can find a house for under 100k.

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