All Forum Posts by: Marcus Daniels

I appreciate everyones inputs @Matt K. ill check out the links thank you

@James Galla hopefully I understand this right so are you saying if you set aside 20k for a rental property that you bought and say you need to replace the carpet and it cost 2k you would take this expense out of your income from the property in a gradual manner to replace those funds but not explicitly continue to take out money once those funds have been replaced because over time this would become disporportional.  This 20k I'm referring to is outside a traditional emergency this is explicitly for the home.

@Richard Sherman you do make a very good point

this is real estate money not stock money.  @Matt K. about 50K sounds like a savings account is the way to go!

@Account Closed thank you for your input I have been looking into high yield savings accounts and I'm leaning towards that way but I have been trying to get a little more than the 1.7-2.0 rate though lol and yes If I knew some folks that I trusted I would definitely be interested in lending them money on a short term basis.

Hello BP,

Newbie here..So I noticed that quite a bit of folks hold a stockpile of cash for each rental property that they have to be safe.  Say you buy a reasonable priced home that's in fairly good condition low maintenance and you have 20k stockpiled specifically for that home for emergencies vacancies and so forth.  On top of this stockpile do you still take a good percentage from the income that property is producing and set aside money for vacancies, repairs, cap ex, etc or do you adjust since you have so much stockpiled and maybe fill it up once that money goes below a certain threshold.

Hello everyone,

Newbie here trying to get some options on where to store money during the accumulation phase for a down payment on a home.  I have some funds planted in an S&P 500 fund but with my horizon being early 2020 I am getting a little weary about losing principle especially with so much fluctuation in the market.  Does anyone have any other options they use that get them at least a 4% return or more that is a little more stable.