Starting Real Estate Investing

[Jose Rocha]

Hey everyone! I am in the 3rd chapter of The Book On Rental Property Investing and am really excited to begin this journey! I really like how involved and supportive everyone is on the Forum.

My wife and I bought our first home back in 2020 and luckily are able to rent out 2 of our rooms to help with the mortgage payment. We are starting to save to buy a second home by the end of the year and rent this one out to a family or group of friends. Any advice on w here the income we are saving should go into? I currently transfer this money into a High Yield Savings account, but can't think of another account that is safer or can help my money grow more.

Any thoughts? Opinions? Ideas? Tips?

I appreciate you guys!

[Jose Rocha]

Thank you @Denver McClure!! I will definitely look into this. I have a brokerage account so assume it would be something similar if not the same. I will look into the difference and what the best account is for my wife and I to save our money for a down payment.

I will definitely have a lot of questions as I like to learn! So thank you for the information, it's really appreciate!