Rental Property Investor · Minneapolis, MN · Member since 2020 · 540 posts · 285 votes
6y
@Ramsin Jacob
I'm not experienced in it, but Podcast show 55 talks about "pledging" accounts like an IRA or 401k or stock account as your equity towards a property in which you have investors but have no money down so you can show some skin in the game to your bank. By pledging you're putting that 401k or IRA on the line but don't have to liquidate it. Checkout Podcast show 55.
The primary reason for cash equivalents is that they can be liquidated to actual cash in short order at full value. I'm not sure why you would not do so... unless of course your definition of cash equivalents is broader than the average investor and it does not meet the criteria above.
Realtor · San Jose, CA · Member since 2018 · 184 posts · 71 votes
6y
@Daniel McNulty
Correct, thanks Daniel. That’s what I gathered as well. Can we talk privately? I am representing a seller and buyer on a deal. Buyer offering cash equivalents. Seeking to gain clarity for seller’s behalf. Thanks.