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Updated about 4 years ago,

User Stats

11
Posts
2
Votes
Sierra Swords
  • Investor
  • Western Massachusetts
2
Votes |
11
Posts

Where should I keep my downpayment 1-2 years out from purchase?

Sierra Swords
  • Investor
  • Western Massachusetts
Posted

Hello! I was really hoping to buy another property this year but it's tough with high prices as well as a significant decrease in income from my bartending job with people staying home. I have about 30k in my savings account (interest only 0.30%APY). If I expect not to need it for 1-2 years, what are my best options? Just a higher yield savings account, or could I act as a hard money lender for a 1-2 year period? Is that amount too small? What kinds of returns could I get? Thanks for any input!

Best,

Sierra Swords

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