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Updated almost 3 years ago on . Most recent reply

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Yan Do
3
Votes |
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Where to temporarily keep a large amount of money after selling?

Yan Do
Posted

I am going to sell my home and buy a new one. After I sell my home, where should I temporarily keep the large amount of money (>$500k) until I buy the next home? Should I keep it in a high yield savings account?

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6,603
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
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6,603
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

@Yan Do welcome to BP. Savings accounts and CD don't pay very much these days. Instead just send it to my PayPal account. I will take good care of your money.🤓

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