What to do with my cash flow?

Question

Hypothetical Situation

I just purchased my first rental property, and it is cash flowing 200 a month.

The ASK

What should I do with the cash flow from this rental property?

Alexander Felice · Answer

stockpile it until it's a LOT

Justin Scott · Answer

That will be the plan. Just wanted to make sure it wasn't something particular that i should be doing with it other than saving it.

Ali Boone · Answer

It's totally up to you. It's always smart to save it to have a nest egg and reinvest, but if you need it for other things, use it for other things (but have that nest egg). Best thing is to save what you can and keep investing. Snowball all the returns.

Justin Scott · Answer

@Matthew Paul sounds good to me. That’s man.

Matthew Paul · Answer

Save it for when there is a problem or no cash flow .

Justin Scott · Answer

@Alexander Felice that’s the plan, just didn’t know if people were doing something special with their cash flow

What to do with my cash flow?

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