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All Forum Posts by: Vennis Hong

Vennis Hong has started 2 posts and replied 2 times.

Post: Where do you keep your down payment savings?

Vennis HongPosted
  • El Monte, CA
  • Posts 2
  • Votes 0

Hi everyone,

I'm a graduate student looking to start investing in rental properties after a couple years of working and saving for a down payment. My savings so far have been going into my regular savings account, but since this money will be sitting around for a couple years before I can afford a down payment, I'm wondering whether it'd be worth putting the money elsewhere in the meantime. So I'd like to ask the community where you keep your savings for a down payment and what other options might be more efficient (but safe) than a regular savings account.

Thank you!

Best,

Vennis

Post: New member from El Monte, CA

Vennis HongPosted
  • El Monte, CA
  • Posts 2
  • Votes 0

Hi everyone,

I'm Vennis and I'm currently a graduate student looking to get into rental properties after a few years of working and saving up. I first became interested in rental properties and heard about Bigger Pockets after listening to the podcast 'How to Money.' For now, I'm not interested in making real estate investment a full-time endeavor because I love what I'm studying and what I (hopefully) will be doing after grad school, which is why I'm interested mainly in rental property investment. My goal is to generate enough income from rental properties to support my parents' retirement. 

I won't be in a position to invest for a couple years, so in the meantime I've been listening to podcasts and reading books on real estate investing. I would greatly appreciate any recommendations for books on rental properties, landlording with a full-time job, or anything that you have found helpful in your journey.

Looking forward to learning from you all and getting to know the community!

Best,

Vennis