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Updated almost 5 years ago on . Most recent reply

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Ross Bowman
  • Investor
  • Charleston, SC
126
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112
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Saving for RE Investments

Ross Bowman
  • Investor
  • Charleston, SC
Posted

My next RE investments will likely be much larger than my first SFH purchases. I'd like to get into vacation rentals and I'll need more cash up front to get them going (down payment, furnishings etc).

Besides simply putting money in a savings account, are there any better ways to save for real estate investing? I hate having cash just sit there and not work for me, so I'm wondering if there are some investment vehicles people use for this, that can easily be made liquid when a good deal pops up. 

Any suggestions? What do you do? 

Most Popular Reply

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380
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
586
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380
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Ross Bowman a Money Market Account should give you a better rate of return then your basic savings account. The usual account minimum is between $10-000 $20,000 and will keep your funds liquid.  

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