Mark Evans DM explains how to use a CESA account for tax-free investing. You could turn $2,000 into $10,000 through a fee-based sale, or buy property options for $1 to $2,000. Research the rules first.
$45,500
$2,000
$1 to $2,000
Turn $2,000 into $10,000 (via fee-based sale)
Single-family, one-bedroom house
You can use. Assess the account, please learn, find your rules, regulations. And I'm not giving you financial advice, am I? I'm just telling you how to make that money. So all that money goes in there tax free and we can take that. You'll make $45,500. So people oftentimes the reason don't set these accounts up because they're like, it's only two grand. What could I do with it? Well, you could do properties. You could buy them on an option for a dollar to $2,000, sell it for a fee, make ten grand. You turn 2,000 into ten grand, however it works out. Does that make sense? Bump, babe. So this is just a single family, one bedroom, one pretty nice little house in a decent little area. And the guy's older, just wants to be in a new home. What do you think about this Drea? She likes new home.
