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Updated over 7 years ago on . Most recent reply
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Where do you park you money?
I currently have some cash (my army) that I am building up for a down payment on an investment property sitting in a Barclays 1.20% APY savings account (Earnings peanuts). Waiting for that perfect moment to pounce a on deal that comes along. Many moons have passed I am getting restless, antsy and perhaps a little trigger happy to pull on a sub par deal. I am certain the returns would be much greater invested in a Multi family home. With that said, where do you keep your army of cash while waiting for an opportunity?
Most Popular Reply
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I don't even bother putting my money in an interest bearing account with how low interest is offered. I just park mine in a regular checking account and wait for an opportunity. I have 5 properties now each earning around 18-20% return.