Updated over 6 years ago on . Most recent reply
How can I make 20k in capital grow?
I have 20k in capital as of right now. I definitely not looking to take vacation trips with this money. I rather have it grow. What steps should I take and what should I do?
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Henry Lazerow
#4 Managing Your Property Contributor
#4 Managing Your Property Contributor
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- Chicago, IL
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Henry Lazerow#4 Managing Your Property Contributor
#4 Managing Your Property Contributor
- Real Estate Agent
- Chicago, IL
House hack is great way to start. $20k is enough for a house hack where by living in one unit of a 2-4 unit building you can buy with just 3.5% down on an owner occupant loan. With all that leverage your net worth rapidly increases even just from mortgage paydown. Otherwise non owner occupant requires 25% down normally and $20k invested in stocks or syndications isn't going to really make much after fees.