What's the best way to make money in the next 2-3 years?

Question

I am looking into purchasing a house and fixing up for profit to build my own home. In the meantime I would like to contribute to something that will show me maximum return on my money. Does anyone know about some kind of high-yield savings account or something like that? I don't know if that's my best bet or something else. Thank you.

Answer 1

HSBC is 6%

Answer 2

For me that's an easy answer. My portfolio is built 40% stock market, 40% tax liens, and 20% other. Stock market averages are usually around 8%. My tax liens are about 13%. And my 'other' are around 6% (savings accounts, market accounts).

The best performing per year as you can see is the tax liens segment. When property taxes are late, tax liens are placed on properties. If the owner pays, he pays with usually a high interest rate like 18%. The investor gets his money back plus the 18% interest rate. If the owner doesn't pay his taxes, the investor gets his house or land. It's almost investing without losing, as long as you know the risks. For a helpful book that you should consider buying, see below.