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Updated over 3 years ago, 08/25/2021
Down payment question
Where is the most beneficial place to park your money, while saving up for a down payment for a rental property?
Eamonn McElroy#4 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
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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.
Thanks, I'm definitely interested in more than savings accounts.
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