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Updated almost 6 years ago on . Most recent reply

Jo W.'s profile image
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Jo W.
  • Real Estate Agent
  • from Buffalo NY
  • Member since Nov 23, 2017
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Jo W.'s profile image
Jo W.'s profile image
Jo W.
  • Real Estate Agent
  • from Buffalo NY
  • Member since Nov 23, 2017
Connect
Jo W.
  • Real Estate Agent
  • Buffalo NY
33
Votes |
68
Posts
General Real Estate Investing

Where do you save your cash reserves?

Jo W.
  • Real Estate Agent
  • Buffalo NY
Posted

Hello everyone,

I'm a firm believer that my money need to work for me 24/7 and currently when saving money for Capex, vacancy, and maintenance my money is not working for me. A bank that pays 1-2 % interest will lose money (Inflation) and other options i looked into were not liquid enough.

Where do you save your reserves? 

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Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Brooklyn NY
  • Member since Apr 4, 2018
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Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Brooklyn NY
  • Member since Apr 4, 2018
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Account Closed
  • Rental Property Investor
  • Brooklyn NY
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Account Closed
  • Rental Property Investor
  • Brooklyn NY
Replied

@Jo W.

A savings account.  Don't over think this.  

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