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Updated over 6 years ago,
Making Your Money Work In Between Properties
Hello BP Community!
Newbie here and i'm about to close on my First Deal, and i'm very excited! This community has been invaluable in answering questions and providing advice, thank you! While making my plan for the next 1-5 years, the time I've estimated before being able to afford another down payments for the next property, i ran into a question i didn't know the answer to. How do you make the most of your money (make it work for you) while saving for that next down payment? Do you just keep throwing into savings? Invest in stocks, index, bonds, CD, Mutual Funds? My goal is to keep increasing the pot for the next deal that comes my way, yet it seems like a waste to let it sit in a savings account with so little returns. I am no guru with stocks, the whole point which drew me to real estate in the first place. Please let me know what you do?!
Best,
Greg