Where to park funds?

Question

Looking on some advice / recommendations regarding where to park funds from the imminent closing on property I own. It has been an interesting ride with a lot of learning including help from Bigger Pockets.

I am looking at redeploying into several syndication or take on another 'project' property but do not feel the need to rush the decision as I do DD on different options. Will have several hundred K available net when it is all said and done.

Clearly want to earn as much as possible and retain flexibility to have it available on 30 days notice.

Any thoughts?

Oren K. · Answer

@Luke Trovinger - Yes I also will be keeping them liquid but was hoping that there may be something out there that, for a business / entity account, pays something more then 0.01 % or whatever. If I took the funds into my personal name, it can earn ~ 0.40% or so but by leaving it in the company it gets next to nothing.

@Paul Moore - I have read a bit about PPR in the past but not done a deep dive. Thanks for the reminder. Need to do some DD on it.

Paul Moore · Answer

@Oren K. Congrats!  You may want to consider note Funds like PPR, which is run by @Dave Van Horn.  Good luck!

Luke Trovinger · Answer

Hey @Oren K. congrats on the success! I'm a fan and personally keep my liquid funds in a high yield savings account. Rates used to be a lot better, but at least you're earning something and have immediate access. I use Ally and their rate is 0.5% right now, there may be slightly higher options out there. I thing 30 day CDs are also available, though haven't used personally. Best of luck!