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Updated about 7 years ago on . Most recent reply

User Stats

36
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Teague Anderson
  • Rental Property Investor
  • Boulder, CO
36
Votes |
36
Posts

Where do you guys keep your reserves

Teague Anderson
  • Rental Property Investor
  • Boulder, CO
Posted

Where do you guys keep your reserve funds?  It seems like a waste to just have them sitting in a checking or savings account, but other accounts usually either have risk, or make it hard to pull the money out.  Does anyone have any clever investments to keep their reserves in?

Thanks,

Teague

Most Popular Reply

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Replied

My reserves are my HELOC. My monthly rents go in, my expenses come out.

It is a 200K line that fluctuates depending on whether I have a flip on the go or some other short term investment. 

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