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Originally Posted by Peaches
Depends on what you consider "shit" and what you plan to do with the money. I personally have just about everything in the bank right now earning between 4.5-4.8% so I can stay liquid and start buying property at foreclosure auctions  |
of course if you plan on investing it on something better thats a different story. i keep a lot of money in the bank only because i havent invested it yet. also what i do which works good is use a home equity line of credit for my houses i purchase. that way you have access to a lot of cash when needed, and if you have extra cash after you use it you pay off the loan but still have acccess to get the $ back if you need it. it also gets you better deals on properties because when you pay cash they like it since you can close quicker, and dont have to pay mortgage fees.