Parking Money ?
Is there any vehicle you would recomend to park some money? Cash out refi is almost done, and one deal fell through. I dont want to leave the $$$ sitting in equity to have to pay fees again to get at it later. I expect it to be short term until I can find another deal. I know this is vague, but I would like to hear all sorts of ideas. Thanx, Don
How much money are you talking about and approx. time
Why not become a hard money lender for a friend or fellow investor. I am sure there are a number of people who could use some cash to do a deal or they might need a little extra cash to finish a deal. I am sure that you can get quite a decent rate of return, maybe 10%, maybe even 14%.
That was the first question I asked, here is a link with responses. Not sure if I am able to post links yet, so if it doesnt work you can find another link to it on my profile, "Hard Money Lending" thanx, don
http://www.thecreativeinvestor.com/residential/ViewTopic48626-22.html
If you want to park your money and have a HELOC, I would pay that off, especially if it is 6.00%+ since you should be able to access at anytime like cash.