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Updated over 3 years ago on . Most recent reply

User Stats

17
Posts
5
Votes
Tommy Mckeown
  • Wholesaler
  • GA CA
5
Votes |
17
Posts

Where should I put my money while saving for Real Estate

Tommy Mckeown
  • Wholesaler
  • GA CA
Posted

I’m 20 years old I want to buy a rental property by age 25 I’m saving right now but I’m wondering if I should put this money into a mutual fund while I’m saving. or keep it in a savings account I feel like I’m losing with inflation. If you guys have any tips on what I should do as in investing accounts or anything else thanks

Most Popular Reply

User Stats

2,199
Posts
2,675
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,675
Votes |
2,199
Posts
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

@Tommy Mckeown

I threw all my extra $ into our Roth IRAs while I was saving cash. I bought aggressive stocks with the $ to let it multiply. Then I took out 92k years later to buy RE. You can take all the principal out years later tax free. That got me in the RE game and was so easy to do. Good luck.

  • John Morgan
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