Where to store savings for 1st property

[Jeremy Lohman]

I have been educating myself the last few months about real estate investing (here, books and podcasts). I love how everyone offers the strategies that work for them and the mistakes they’ve made. 

We are saving cash to have money for a 20-25%down payment as well as to have enough in reserves for anything that comes up. 

Where would you recommend saving this money?  

1. Ally savings (where our emergency fund is for our home @ 1.9%

2. Vanguard prime money market taxable brokerage account @ 2.16% 

3. Vanguard total stock market fund in taxable account (I ask this because I heard Dave Ramsey mention he puts money for real estate in an S&P fund until he’s ready to buy).  This is not a debate about Dave Ramsey-we are out of debt and have 6 months emergency fund and don’t adhere to his investing advice but I liked this idea when saving to buy real estate. 

Thanks!

Jeremy