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Updated almost 6 years ago on . Most recent reply

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24
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10
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Brandon McBride
  • Realtor
  • Salt Lake City, UT
10
Votes |
24
Posts

What to do with monthly Cash Flow

Brandon McBride
  • Realtor
  • Salt Lake City, UT
Posted

What should I do with my monthly cash flow? I like to be more on the conservative side, I don't like overextending myself. Should I just stock this money in a bank account for that specific property? 

Thanks in advance!

Most Popular Reply

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10
Posts
12
Votes
Christopher Copley
  • New York, NY
12
Votes |
10
Posts
Christopher Copley
  • New York, NY
Replied

As others have said, you can set it in a high yield savings account. Depending on the amount and consistency of your income, you can also look at establishing a CD ladder. You'll lock money away for longer, but over time you'll earn more and can have CDs expiring at a set interval in case you need to fund some repairs or a new purchase.

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