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Updated almost 6 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Evan Mack
  • Puyallup, WA 98374
5
Votes |
11
Posts

Where to invest $ while looking for my next deal?

Evan Mack
  • Puyallup, WA 98374
Posted

I’ve started saving up money and I want it working for me while I’m looking for my next deal? Real estate is my priority, but money sitting in my account isn’t doing much for me while I look.

What do you recommend I do with my money to get a good return in the meantime?

What are you investing your cash in, other than real estate?

Most Popular Reply

User Stats

863
Posts
554
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Jake S.
  • Rental Property Investor
  • Minnesota
554
Votes |
863
Posts
Jake S.
  • Rental Property Investor
  • Minnesota
Replied

Hey Evan,

I wouldn't recommend leaving it in stocks as those fluctuate a lot especially for the short term.

You could put it in a money market account or a high yield checking account that earns 2% interest or more.

You just dont want to put it in something that fluctuates too much or is not liquid enough

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