Bryan Tasumi
How fast must you have cash available for purchase houses?
I have all of my money tied up online savings accounts and no-penalty CDs. If I were to pay in cash, will I have to have the money available immediately or can I make an offer with my money still sitting in my savings...
Deniz Eker
CD (1.6 percent for 6 months)or savings account(1.95 percent)
I am trying to save money for a few months to one year to purchase my next rental.Should I have the money locked in CD or use a savings account till then?How will the interested rates be like in near future?Any higher...
Bob Daniels
Where do people put their emergency funds?
Where does everyone keep their reserve funds? Currently I have been using Personal Capital Cash, which started at 2.35% APR, and is now at 2.05% and carries no restrictions. Does anyone have a better option? I've s...
Clayton W McGehee
Where to put money?
Hi, I am currently looking for a home to buy to use as a rental property and that process may take a week or 6 months I am not rushing into anything when I see the right place I will know it.Now on to the point of thi...
Patrick Menefee
Where do you store your capital until it’s time to buy?
If you have a chunk of capital that you’re holding until you invest it, whether savings for a down payment, cash from refi, or any other money you intend to invest, where do you put it? I currently keep mine in an All...
John Humphries
Where do you put your reserves?
Hello all,
I have about $400/month leftover after holding costs from my house hacked triplex each month to put towards maintenance, turnover, and capex. It seems ridiculous to let that money sit in checking or savin...
Ty Mason
Best Investment Vehicle for down payment savings
What is the best investment vehicle for the savings that will eventually be used for a down payment on our first rental property. Currently we have about $5k in a discover savings account earning 2%. Is there a better...
Brandon Turner
Anyone use Ally Bank?
Hey folks,
I'm thinking of switching all my banking to a completely online bank, Ally. Anyone else done this? I'm thinking that perhaps, because they are online only, I can do more from my house without alway...
Geoffrey Birkemeier
Good investment vehicles for cash reserves when starting out?
I am just starting to read up on rental property investments. My current plan is to educate myself throughout this year and try to to acquire my first property by the end of this year or beginning of next. Currently,...
David Whartnaby
What to Do with Down Payment Money
Hi all, properties can be expensive and saving substantial amounts of money takes time. I would like to buy a multi family property but am realistically a year or so away from saving enough money. I will not be house ...