Where to keep RE investing funds?

[Tumbler]

I'm planning on purchasing a 2nd investment property (2-4 unit multi family) by mid 2017. Currently, these funds sit in a Chase savings account with negligible interest. I'm thinking about spreading these funds out across a Roth IRA and high interest online savings accounts (I've read several threads about these). Any other suggestions? I like the idea of dropping the money in a Roth so I'm not taxed on any growth. Or should I just let the money sit, realizing it's not growing but at least it's easily accessible 12-18 months from now?

[neo von retorch]

As someone who put some money into a taxable investment fund before purchasing a house, and being lucky enough to only lose about $100... you have zero ability to predict what the equities do over the next 12-18 months, so I do not recommend you purchase any. Stick with 1% interest savings (or 5% if you do one of those trickier accounts.)

[capitalninja]

As someone who put some money into a taxable investment fund before purchasing a house, and being lucky enough to only lose about $100... you have zero ability to predict what the equities do over the next 12-18 months, so I do not recommend you purchase any. Stick with 1% interest savings (or 5% if you do one of those trickier accounts.)

Great advice.

[GrowingTheGreen]

but at least it's easily accessible 12-18 months from now?

You nailed it in that phrase.  12 months is soon.  Really soon.  If it were me, I'd be in a high-yield CD.  Use bankrate.com to find an online bank with high yield.

[seattlecyclone]

but at least it's easily accessible 12-18 months from now?

You nailed it in that phrase.  12 months is soon.  Really soon.  If it were me, I'd be in a high-yield CD.  Use bankrate.com to find an online bank with high yield.

A CD is a good option. You may also consider series I savings bonds for some of the cash as long as you're sure you won't need the money for 12 months. Current interest rate is 1.64% and adjusts for inflation twice yearly.