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Updated almost 14 years ago on . Most recent reply

User Stats

86
Posts
24
Votes
Nic DeAngelo
  • Investor
  • Newport Beach, CA
24
Votes |
86
Posts

Earning interest while seasoning funds

Nic DeAngelo
  • Investor
  • Newport Beach, CA
Posted

So I'm honing in a few properties, running numbers and preparing to get pre approved for an FHA loan for a 4-plex.

To get pre approved, I had to have some money in an account, and a family member offered to transfer it to my account to season it for a couple months.

That said, I don't like having money sitting without collecting interest and I want to help the family member that lent me the money to get a few bucks out of the deal

Is there a way to simultaneously season funds while putting them somewhere to collect interest?

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