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Updated about 7 years ago on . Most recent reply

User Stats

13
Posts
7
Votes
Taylor Howe
  • Saint Louis, MO
7
Votes |
13
Posts

Security Deposit - ETF/Stock market

Taylor Howe
  • Saint Louis, MO
Posted

Hi all,

I am currently house hacking a duplex in Missouri.  I am wondering if anyone has thoughts on taking a security deposit and investing it in a liquid investment (ETF or Index funds not a CD).  

Thanks!

Taylor

Most Popular Reply

User Stats

158
Posts
140
Votes
Eddie Memphis
  • Investor
  • Englewood, CO
140
Votes |
158
Posts
Eddie Memphis
  • Investor
  • Englewood, CO
Replied

Don't do it. It's not your money so you don't get the dividend or interest plus you have to issue a 1099 to the tenant at year's end. 

Open a free checking account exclusively for the deposit and don't touch it or co-mingle funds. 

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