Cash Account used as an LP for Syndication Funding Post Tax

[Duke Giordano]

Hey All,

As I am about to begin investments into the RE syndication realm had a question or two would appreciate your help on in regards to some logistics.  For those who invest in RE syndications as an LP specifically from a Post tax account (not SDIRA), what type of accounts/account features do you house your cash that is pegged for RE syndication use/funding?  What features are important to these type of cash accounts.  Does one use for example a brokerage account cash position say at like a Fidelity or Schwab or do people use like a high interest savings like a Ally Bank, or Cap One 360 etc?  Just trying to figure out where to move the cash pinned for use as funding for syndications as an LP for future investments and then have proceeds go back into that account for subsequent syndication investments.  Is the funding cash usually wired?

Thanks

Duke

[Mike Dymski]

Online savings account.  I would not recommend investing short-term funds (cash for syndications) in long-term assets (brokerage account).

I wire directly from the online savings account.  It's actually easier than wiring from my checking account...the bank makes me visit the branch whereas my online account verifies the wire over the phone.