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Updated over 4 years ago, 03/22/2020

User Stats

26
Posts
5
Votes
Renee Lee
5
Votes |
26
Posts

Reserves for job lay off & rentals....

Renee Lee
Posted

I have three rentals with a mortgage payments, plus my own primary residence. I have another property free and clear. I have four months worth of reserves for mortgages. BUT I fully expect to be lay off from my job. That said, I pulled EVER dime out of my HELOC and transferred it to another bank. In the event that I nor my renters have jobs I can still pay all my bills for more than 6 months with my HELOC. Where's the question? Where's the best place to house this money?

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