All Forum Posts by: Lei Zhu

 Thank you so much, Doug :) 

I have 3 529 accounts and I was advised by someone that there are self-directed 529 options that would allow me to use the fund for the down payment of investment property. And have the property to be under 529 plan. 

I am hoping there will be someone on BP can advise me regarding this. I have 3 kids, ages 10,6,2. I realized it would be better to invest on rental properties than invest in 529. 

Look forward to your input. :) 

Cheers

Lei

Hi Nathan, 
You were right. It would not make sense number-wise. i was hoping to occupy one room and do Airbnb with the rest. thank you for your input! long term seems more possible in this sense. 

I have no property under my belt. I  found a property 3bd 2br listed for $340K in Oakhurst, near Yosemite. would it make sense to do the 5% down as house hacking and run it as an Airbnb? I am nervous about not getting a cash flow. I am also looking into around $100K with 15% down for long term rental in other states. What would make sense to start as my first rental? short term or long term? Look forward to your input!