Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
William Bowers
  • New York
5
Votes |
11
Posts

What so you use your “cash account” for/ what do you use it for?!

William Bowers
  • New York
Posted

how should you use your cash account? What do you use your cash account for?

I have 6 units 5 long term and 1 STR. Im starting to see a decent amount of cash flow (average is a little less than 10k) I pay some utilities and some tenants pay there own. Obviously have mortgages, taxes etc. I am in the process of getting a business credit card. Should I start paying for everything on this credit card then pay it off monthly with the cash account? Does anyone recommend a specific use for a company card?

Most Popular Reply

User Stats

6,603
Posts
6,948
Votes
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
Votes |
6,603
Posts
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

i do exactly that. Pay everything on the appropriate credit card, earn a cash discount and pay off the card monthly from the appropriate business account. I get 2% Cash back on my Capital One card and 5% on my Amazon card.

Loading replies...