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From: Mike .
Where do you park your $ whilst on the acquisition trail?
From: NigelW
Date: 05 Jan 2001
Time: 16:43:17
A quick question for the team:
Where do people keep their money whilst looking around for acquisitions?
I realise that one should be trying to buy without money down using increased equity in other properties. But for those of us who are still fairly new to the property investing scene and have only just bought properties we don't usually have enough spare equity to buy without injecting the 10% deposit plus costs in cash.
Hence my question. Where do people investment their money in the interim so as to get the best return but still have it accessible for rapid acquisitions?
I have mine parked with INGDirect getting 6.25% pa compounded monthly regardless of the balance and no restrictions on withdrawals etc (due to it being an internet shopfront bank only I suppose). But I wonder if I can do better elsewhere.
Does anyone else have an accessible account or short term investment that will generate better returns? (Apart from the casino or race track ;^) )
Thanks N.
Where do you park your $ whilst on the acquisition trail?
From: NigelW
Date: 05 Jan 2001
Time: 16:43:17
A quick question for the team:
Where do people keep their money whilst looking around for acquisitions?
I realise that one should be trying to buy without money down using increased equity in other properties. But for those of us who are still fairly new to the property investing scene and have only just bought properties we don't usually have enough spare equity to buy without injecting the 10% deposit plus costs in cash.
Hence my question. Where do people investment their money in the interim so as to get the best return but still have it accessible for rapid acquisitions?
I have mine parked with INGDirect getting 6.25% pa compounded monthly regardless of the balance and no restrictions on withdrawals etc (due to it being an internet shopfront bank only I suppose). But I wonder if I can do better elsewhere.
Does anyone else have an accessible account or short term investment that will generate better returns? (Apart from the casino or race track ;^) )
Thanks N.
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