Where do You hold your money in between Re Purchases?

[John Matthew Johnston]

Thank you for opening up my thread. Ideally I would think when you pull money out of a property in a refinance you have somewhere else to put it, Like back into another piece of RE. I want to keep it liquid because we are actively searching for another piece of real estate to purchase. What is the best place to store your money in between purchases? Somewhere that I could pull it out quickly and I could possibly make money while it’s sitting? Or am I better off keeping the equity in the property for cash flow and not have to risk a vacancy and have to pay a mortgage out of my own pocket? My goal is to scalar.

[Jaron Walling]

6-15 month CD at my local credit union. I was lucky last year and they offered a promo deal at 5%. This time around it's 2.5%.