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Updated over 3 years ago, 08/25/2021

User Stats

248
Posts
51
Votes
Deadrick Colbert
  • Investor
  • Easley, SC
51
Votes |
248
Posts

Down payment question

Deadrick Colbert
  • Investor
  • Easley, SC
Posted

Where is the most beneficial place to park your money, while saving up for a down payment for a rental property?

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1,982
Posts
1,760
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Eamonn McElroy#4 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
1,760
Votes |
1,982
Posts
Eamonn McElroy#4 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

Most savings accounts will yield 0.3-0.5% in the current interest rate environment.  If you're okay with a little more risk, a bond index ETF with a very low expense ratio might make sense.  Short-term will have less volatility than intermediate or longer term, with the trade-off of lower interest.

User Stats

248
Posts
51
Votes
Deadrick Colbert
  • Investor
  • Easley, SC
51
Votes |
248
Posts
Deadrick Colbert
  • Investor
  • Easley, SC
Replied

Thanks, I'm definitely interested in more than savings accounts.

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