Savings for mortgage (20% down)
Hi BP Family,
I hope you all are having a great week. I have to say thank you to the BP community here. There’s a ton of information and it has helped me in starting my real estate investing journey.
This is my first post on BP, and I’m not sure if this is the right place to ask this question. Please bear with me.
My husband and I are starting our journey in real estate investing. We have $35K that we’ve saved up in cash throughout the years. We haven’t put that money in our account yet. In regards to obtaining a mortgage, how should we put the money in the account? We know that deposits over $10K are reported to IRS. Any advice would be great. Any CPAs our there and could offer some guidance would be great or anyone that has been in the same situation. Thank you so much and I look forward to hearing from you all!
P.S. we are in NJ!
Best,
Alicia