Where to Keep My Down Payment

[Reed Nixon]

My wife and I are Working on saving up for a down payment for our next multi family investment property. We are struggling with where to build our savings, in a regular savings account? Is there a way to pay down the mortgage of our current property then use that equity on our next purchase with a refinance? How do the pros do it?

[Christopher Phillips]

@Reed Nixon

I agree with @Ned Carey

Two to three year timeline you would be fine to put it in something liquid like savings. CDs are also another option.

Don't pay any mind to the Zestimate. Its error rate is extremely high.