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Updated over 8 years ago on . Most recent reply

User Stats

47
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15
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Ben Winchester
  • Troutdale, OR
15
Votes |
47
Posts

What to do with my money while I find a deal...

Ben Winchester
  • Troutdale, OR
Posted

Hey BP!

My cousin and I are slowly working into a partnership. He recently refinanced one of his rentals and doesn't know what to do with his money while we find a deal. He doesn't want to let it just sit in the bank and not work for him, but he/I am not sure what else the money can do while we look for the next deal. He wants to put it in real estate stocks since you can liquidate pretty fast, but I figured I would reach out on here and see what others do.

Do people just let it sit in the bank and just try to find deals faster? Do people put it in the stock market? any suggestions would be awesome.

Most Popular Reply

User Stats

49
Posts
10
Votes
Frandy Blain
  • Holliswood, NY
10
Votes |
49
Posts
Frandy Blain
  • Holliswood, NY
Replied

Ben Winchester Morning Ben keep the money in the bank until you find another deal because you don't want to gamble with the money if you're planning on doing rental believe me situation will come and you will need the money. That's just my opinion

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