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Updated about 2 years ago on . Most recent reply

User Stats

13
Posts
11
Votes
Seth Michael Carp
  • New to Real Estate
  • Salem, OR
11
Votes |
13
Posts

Save up for House hack or IRA?

Seth Michael Carp
  • New to Real Estate
  • Salem, OR
Posted

So I've been saving up to househack preferabely my 2nd or 3rd year in college as I'll be a freshman next year and I currently have about 11k with hopes to get around 30-40k by the time im ready to buy. I've also been thinking about starting an IRA on the side just to diversify my investing and have a fallout plan aswell. My concern is that if I'm putting money into the IRA that I will have to wait longer to house hack. Just confused if I should start one and play it safe but then also have my real estate journey slowed by potentially up to a year or if I should scrap the IRA and put my full focus in real estate or even maybe just putting a small amount into an ira, which would far less affect my real estate journey.

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