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Updated over 5 years ago on .

Joe Einbinder's profile image
Joe Einbinder's profile image
Joe Einbinder
  • from Minneapolis, Minnesota
  • Member since Mar 7, 2018
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Joe Einbinder's profile image
Joe Einbinder's profile image
Joe Einbinder
  • from Minneapolis, Minnesota
  • Member since Mar 7, 2018
Connect
Joe Einbinder
  • Minneapolis, MN
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12
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Starting Out

Question about reserves!

Joe Einbinder
  • Minneapolis, MN
Posted

Hi all,

So my question is regarding reserves. I'm about to buy my first deal using a HELOC. I also have $20k in reserves. I'm wondering if most people leave those reserves in a basic checking account or move it to say a vanguard account so it can gain some interest? I'm pretty sure most would say leave in the checking for quick easy access in case of emergency but wanted to see what the BP community has to say on this! Many thanks!

- Joe

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