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Updated almost 6 years ago on . Most recent reply
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Best account for down payment saving
I am relatively new to real estate and am in the process of trying to save for a down payment. Right now I am stashing money away in a savings account earning 2% (not a lot, but better than most savings accounts). I am just wondering where everyone else keeps their money while saving up for an investment? I'd like to keep the money somewhat liquid in case I find something I want to buy with it, but I also want to get the most return for that money at the same time. Does anyone have better ideas? Thank you in advance!
Most Popular Reply
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Thanks for the reply David. I am aware there are ways to use other people's money to make a purchase - as well as the fact that I need to know how to find a deal, analyze it, and be able to show others how the numbers work. This question was simply for where I park the money in my life that I am not currently using. Surely at some point in your life you've saved some of your take home money instead of spending it? I'm asking where the best place to park it is, that's all.