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Old 06-27-2005, 04:42 PM
Idaho Ave Idaho Ave is offline
Junior Member
 
Join Date: Jan 2005
Posts: 25
Default Investing thoughts for infant 23 year old

Would this work?

23 year old buys a house in Boise ID, which consistently gets rated in the top ten for safety, best place to start a business best place to raise a family blah blah blah. In short property is appreciating.
After young man buys this house, rents it out, establishes a EFT from his renters checking account to be deposited directly into IRA.
Young man then carries on with his life, and doesn't worry about this area of his life for the next thirty years.
What would happen?

PS- I dont know anything about anything
Thanks yall
Peace
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