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Updated over 7 years ago on . Most recent reply

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9
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Jaime Paniagua
  • Investor
  • Mesa, AZ
3
Votes |
9
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What to do with your money while saving for a down payment?

Jaime Paniagua
  • Investor
  • Mesa, AZ
Posted

Hey,

In the process of saving money for a down payment on my first rental property.

It would be nice to obtain some type of return while saving. I feel like I am missing out on opportunity cost. Parking the money in a savings account will produce a negligible return.

Any suggestions on what to do with the money while saving for the down payment?

Thank you

Most Popular Reply

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2,953
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
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2,953
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

for the short term <8 months: Ally is 1.15%. Which is not that great, but if you're going to park it at least maximize returns.

parking in a big 4 bank earning .05% is not a good decision.

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