A common way to kick-start a real estate investment is to wire the funds to wherever they need to be. Maybe it's $25k, or $50k, or $100k. It's money that you have in an account that is then transferred to somewhere else.
My question is: where do you keep that money prior to the time it needs to be wired?
In my case, the money tends to be either in very liquid form in simple savings accounts (up to maybe $50k for a few months) or it's in the stock market and I simply sell some shares in advance of the cash demand; transfer that to a bank account; and transfer it from there.
It seems like there should be a better way of handling these funds in the short term.
So yeah... you have a funding call in two weeks (or three months) -- where is that money now?
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