We just purchased a house last year with 20% down payment on a 30yr fixed mortgage. Everything finally settle down (remodeling, new furniture etc.) and we're on track of saving again.
We don't have any debt and are thinking to purchase second house in 5-7 years or until another housing depression. When we buy the second home and move in as the primary residence, we'd like to keep the first house as rental. The current house is around $250K and for the second house, we're thinking around $750K.
Currently, we only contribute max to HSA in order to reduce the risk of potential medical bill. We have not contributed to 401K or IRA because my employer does not require matching.
In the meantime, where should we park our money in preparation of second house down payment?