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Updated over 5 years ago,

User Stats

30
Posts
7
Votes

Better returns than a savings account for Real Estate Investing

Juan M Restrepo
Posted

Hey guys, I been trying to figure out what to do with the money I put on my savings account that is intended to buy Real Estate. My savings account provides a 2.36% APR and quick access to the money. In my mind this is very low returns. Saving money for Real Estate may take a year or even more so It would be nice to get a better return somewhere while I accumulate enough for a down payment. I get 50 % percent match up to 3% of my total salary. I would be interested in a ROTH IRA so I can use that money quickly but I am nowhere close to the 5 years I need to have the account so I do not have to pay penalties. I was also thinking of putting the money in the index SP 500 but I am not sure how quickly I can get those funds out if I find a real estate deal. I just want to see if there is a better way than a savings account to accumulate money for Real Estate Investments.

Thanks guys.   

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