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Updated over 7 years ago,
What to Do with Down Payment Money
Hi all, properties can be expensive and saving substantial amounts of money takes time. I would like to buy a multi family property but am realistically a year or so away from saving enough money. I will not be house hacking as this is not an option at this point.
What are some options to help grow my down payment money faster than having it just simply sit in a bank making virtually no interest? How liquid should I be vs. investing in stocks among other things which pose inherent risk as well?
Thoughts?