What Should Be Done?

[John Jabson]

Currently have two rental properties and a primary. Just learned that local banks will not loan me any more money for rental properties because both rental properties have been rentals for under 2 years. One will be 2 years in February and another will be 2 years in 1.5 years.

I have about 15K sitting in a savings account. I do not want to put it into the stock market because I believe the market is risky and I'd rather have control over my money via real estate. Some of you may disagree but that's my philosophy, right or wrong.

I want to use the 15K, along with borrowing from a private lender, to finance a flip property. Let's assume I make 5-10K on a flip. I can use it for the next flip however there might be some wait time in between.

Should my money sit in a savings account being eaten away by inflation, or should I throw it into a mutual fund? Obviously my purpose is to beat inflation and have enough liquidity to pull it out and use it on the next flip.

Thoughts on this?