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All Forum Posts by: Makala Lee-Norwood

Makala Lee-Norwood has started 6 posts and replied 29 times.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
Hi everyone, Thank you all so much for your opinions, feedback, and encouragement. Although I can't get back to everyone I have read everyones responses and and I will get back to saving and research as everyone has suggested.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
Hi @Wilson, do you mind sending me a message and walking me through the process you took briefly?

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
Hi @Nick, thank you I will look into that. I do plan on doing the owner occupancy option with an FHA loan.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
Hi @John. Thank you for the advice. You really made me understand what I need to do in a simple way. Everyone keeps mentioning a Roth account so I will look into that.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
Hi @Craig. Thank you for this link. I looks like I have a ton of more research to do and knowledge to acquire. I will get back to studying. I appreciate your advice.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
@Frank. Thank you I will keeping trying to save. What about a Roth account?

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5
@Anastasia G. Thank you so much for your insight. I am working on saving more and I will watch that podcast to gain more knowledge. I currently work for a Property Management Company were I am beginning to learn things of the other side of the spectrum starting out.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5

Hi @Aaron Wade,

Thank you very much for your input. Whats is a Roth IRA account? I was listening to a podcast today that was speaking briefly about it, but I didn't get the whole picture. So would I put the 5k in a Roth account to help the money grow?

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5

Hi @Arlen Chou,

Thank you so much for your feed back. I am not very sure about REI, someone just recommended it to me. I have a pretty good credit score and annual salary. I just want to see if I even have a chance trying to start out with that much money because it is so expensive in the Bay Area, should I look else where.

Post: What can I do with $5,000 Dollars?

Makala Lee-NorwoodPosted
  • Property Manager
  • Novato, CA
  • Posts 29
  • Votes 5

Hi John,

What is option money?