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Scott Loud's profile image
Scott Loud's profile image
Scott Loud
  • New to Real Estate
  • from Knoxville, TN
  • Member since Jul 13, 2022

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Scott Loud's profile image
Scott Loud's profile image
Scott Loud
  • New to Real Estate
  • from Knoxville, TN
  • Member since Jul 13, 2022
Scott Loud
  • New to Real Estate
  • Knoxville, TN
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Personal Finance

Where to park your money between loans

Scott Loud
  • New to Real Estate
  • Knoxville, TN
Posted

Hello, I just got started with PML with one of my retirement accounts.  I was wondering where folks who partake in this business hold their capital when it isn't loaned out?  I would assume a high yield savings might be the easiest and most liquid option but I'd like to hear from those that are seasoned.

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Don Konipol's profile image
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Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009

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Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009
Don Konipol
#1 Innovative Strategies Contributor
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  • The Woodlands TX / Avon, CT
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Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied
Quote from @Scott Loud:

Hello, I just got started with PML with one of my retirement accounts.  I was wondering where folks who partake in this business hold their capital when it isn't loaned out?  I would assume a high yield savings might be the easiest and most liquid option but I'd like to hear from those that are seasoned.

Vanguard Federal Money Market Fund - current yield 5.23%
  • Don Konipol
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Private Mortgage Financing Partners, LLC

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