Updated over 11 years ago on . Most recent reply
War chest savings for business
Hello BP
So I have been doing a lot of thinking and wonder if some of you have done this before starting your investing career. I want to start off in a sense with a pile of money in the bank which is only used towards investing. I was thinking of saving somewhere in the neighborhood of 75k-100k. Use this money for things such as down payments for new properties, insurance and maintenance fees and property management fees on current properties. Is this something feasible that some of you have done before? The whole purchasing a property with no money or little money down just seems not so smart to me or maybe I am just not of as high of a risk taker as someone else. I would prefer a more calculated risk then one where I am with low ammo to save myself or my investment company. I like to call the money saved a war chest savings! Input would be great thanks everyone happy Sunday!