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Updated over 3 years ago on . Most recent reply

Jayden Hamilton's profile image
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Jayden Hamilton
  • Investor
  • from O'Fallon, IL 62269
  • Member since Jun 10, 2021
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Jayden Hamilton's profile image
Jayden Hamilton's profile image
Jayden Hamilton
  • Investor
  • from O'Fallon, IL 62269
  • Member since Jun 10, 2021
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Jayden Hamilton
  • Investor
  • O'Fallon, IL 62269
44
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General Landlording & Rental Properties

I have 100k in my checkings account

Jayden Hamilton
  • Investor
  • O'Fallon, IL 62269
Posted

I have 100k sitting in my checkings account doing nothing, I own 1 single family home that is completely paid off and I own a duplex that I owe 115k on. Should I buy more real estate with this 100k, or keep it as money in case of emergencies and reserves. Im trying to grow my portfolio

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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

I would use part of it to buy more income properties. Keep some for reserves, but having 100K earning nothing over time costs you money.

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