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Updated over 10 years ago on . Most recent reply

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20
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9
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Mike Williams
  • Canton, MI
9
Votes |
20
Posts

Where to put money for 2 years?

Mike Williams
  • Canton, MI
Posted
Just moved out of state and have 10 rental properties back in MI. Sold my primary residence and sitting on a large amount of cash. I am renting right now and won't be purchasing a primary residence for 2 years. What are your thoughts on places to make a good return on this money. Considering buying more rentals w cash and just cash out when I need the money. Concerned I may run into some unforeseen problem( banks are funny). Also thought about selling some puts on some somewhat conservative stocks. Looking for some good safe ideas. Please let me know your thoughts.

Most Popular Reply

Account Closed
  • Real Estate Investor
  • San Antonio, TX
190
Votes |
785
Posts
Account Closed
  • Real Estate Investor
  • San Antonio, TX
Replied

There are many inexpensive, safe markets to consider, including Indianapolis and Dayton. I have a good experienced turnkey rental contact in Kansas City, and in San Antonio (my market), we have 10-15% cap houses for 60k or less, no maint needed. 

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