100k short term investment

[Tanner Marsey]

Good morning.

Looking for some advice, suggestions, opinions and guidance.

I have recently sold a property and will use it to acquire more in the near future, however, looking to do that In about 6-9 months. Wondering where the BP members would park their cash for the time being? Not looking for crazy risk/returns. Just something nice and stable. And preferably not something too heavy on the fees!

Any advice would be greatly appreciated. I am new to this realm as all I’ve done is stocks and RE. Thanks in advance!

[Tanner Marsey]

Originally posted by @Gina DiMasi:

Hey @Tanner Marsey - Congrats on making a nice profit on selling! 

5% is a tricky area. Before seeing that, I would have said money market or high yield savings account. Investing it in the market for such a short period of time would result in higher tax rates too so probably would try to avoid that. 

Have you considered doing peer-to-peer lending? I haven't used them personally but have heard great things about Lending Club. Or you could lend to someone that is already in your network (maybe at a real estate meet up) looking to start up but they need more capital. This way you could structure the deal so that you get your money back by the date you want it and a specific interest rate. 

Interested to see what you end up doing! 

Thanks! Thought about peer to peer and still considering it, for sure. Maybe do Fundrise since it’s RE based and seems to have a good track record. Then throw a a chunk in high interest savings account. Would love to loan it to a fellow local investor but don’t have any idea how to structure that as far as legality goes and how to protect myself in case of default. Definitely something I’ll look into as I wouldn’t mind doing that on a consistent basis.