Question on what do to with cashflow
Hello all,
Thank you in advance for your responses and help. I currently have 2 rental properties that cashflow right around $500/month each. Having that these both are going on almost of year of being rented out I have built up some good cashflow/reserves in my bank account.
I am fortunate enough to have a career that pays me well enough that I do not need any of the cashflow from my properties for anything. So, my intention is to continue to accrue the cashflow in case of a cap ex situation or a new purchase.
I am just wondering what people do with the excess cashflow/reserves. I know have over 5 figures built up and it seems like an absolute waste just leaving it in a bank account, getting under 1% interest. What are some places people like to keep their cashflow/reserves that gets decent interest rates and is liquid enough should I need to pull out?
Again, thank you in advance for your responses and help, it is much appreciated.
-Hershey