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Updated about 6 years ago on . Most recent reply

User Stats

11
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13
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Andy Murray
  • Lodi, WI
13
Votes |
11
Posts

Best account for down payment saving

Andy Murray
  • Lodi, WI
Posted

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!

  • Andy Murray
  • Most Popular Reply

    User Stats

    11
    Posts
    13
    Votes
    Andy Murray
    • Lodi, WI
    13
    Votes |
    11
    Posts
    Andy Murray
    • Lodi, WI
    Replied

    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. 

  • Andy Murray
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