Where would you place your money?

[Patrick Dean]

I’m in the process of selling my first home(under contract) and should clear around 20K after the sale and I pay off some old medical expenses.

I’m a police officer and have recently moved to an apartment that’s free to live in so I’ve cut my living expense out completely.

My plan is to put the money I used to pay on a mortgage to myself into a savings account each month while I scout out a future deal.

Of course I’d like to get the most money I can while it sits there. I’ve looked into doing a high interest savings account with Wealthfront at a 2.57% interest rate or should I do a Vangaurd Index Fund account?

[Conn G.]

@Patrick Dean maybe consider investing some money in deal generation. Since you're a police officer, you have a great opportunity to analyze local neighborhoods for distressed properties/sellers. You can also see which neighborhoods are receiving new construction for commercial buildings, restaurants, etc (This would all be indirect while working though!). Create a direct mail marketing campaign to areas you are interested in investing.