Saving for the next rental

[Ryan Sajdera]

Hey everyone,

I was just curious to know what everyone does to save up for their next big investment. Do you just put your money into a savings account and let it accumulate as you deposit or do you put that money into a mutual fund or other money market account and let it accumulate interest over the year? Is there a strategy/pitfall to either? Thanks!

Ryan

[Rob Lane]

Have you purchased a home as owner/occupant yet?  That is how I got started.  Purchased a duplex the other side paid most of the mortgage and I had a company car with my job which allowed me to save to get into my next project.  I had to put little down for my next project as I was able to get the owner to finance for me.  Im not into money market, stocks, or anything that I don't have complete control over.  I only invest in brick and mortar.  20 years later I now pay cash for all my homes using a line of credit against my current portfolio to purchase more.   Hope this helps.