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re: About to get somewhat large amount of money and would like advice my current plans for it
Posted on 9/16/23 at 3:29 pm to Stamps74
Posted on 9/16/23 at 3:29 pm to Stamps74
I used about 350K as 1031 money into 2 new rentals. They net about $2,200 a month give or take after taking out taxes management fees and insurance. So created some more passive income which has been nice. Trying to figure out what I will do with balance which I should receive in about 4 weeks when 1031 period is over. Actually came here to research what to do with that when I saw this post asking what I wound up doing. I feel like I saw something about a fund listed here that pays 9-11 percent pretty consistently but I can’t seem to find it now. I just want it to remain liquid in case a great deal comes along on either another rental or even a business to buy into. But I also don’t want it just sitting in the bank.
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