25K Cash in Hand - What to do?

[Claudine Stering]

Hello all, 

Just starting out and I've read so many books and still haven't found the right path/advice. I have 25K cash and have been told several 'must do' with. 1) Immediately put in your saving account 2) Put it in a high yield savings account 3) Must age/season for 3-4 months... 

Where do I go to get the correct and best sound advise? 

Thanks much! 

Looking forward to do the 90 Day Challenge! 

Regards, 

Claudine

[Dwayne Byrd]

Guys, let's be honest, she said she has "CASH". AS IN, NOT DIGITAL FUNDS IN AN ACCOUNT... Sounds like she has green dollar bills. Someone told you correctly, you would want to get that money in a bank and let it season while you are figuring out where to deploy the future digital cash, unless you have a REALLY GOOD place to explain where that came from. I have literally had several instances where someone had massive amounts of cash under mattresses etc lol. If you are buying your first property, you could go 3.5 percent down FHA, or there are some really good 3 percent down Conventional programs with your score. Buy your first property as a primary residence, with the INTENT to live in it for a year, and then grow it from there! Over our way on the East Coast of FL has some really good options as well! Many builders of new homes right now are offering great interest rates / closing costs etc. Sounds like you are well on your way and came to a great resource!