/biz/ - Business & Finance

>>52418748

Hi Chris!

>>51145599

My RE portfolio grossed 306K this year and we live in an Apartment that would generate an additional 84K per year if we wanted to move somewhere else.

We take nothing out. My wife makes 240K salary milking a semi easy relationship banking job. We probably save15K a month from rents/salary. Amortize around 7K per month from mortgage paydown across the portfolio.

The actual breakdown is 3.7M in RE equity, shade over 2M in stocks/cash. 175K in other assets (Car, Watches, Art, Gold).

What we can't afford is space. I live in Brooklyn and I am very averse to taking on larger monthly expenses. So to upgrade from my current living situation would be a stand alone townhouse which would 3-4 million.

I could do it by liquidating everything but that would be asset suicide given I have 3.7M in loans with a 3% fixed rate. I'm stuck in all my properties I will never get that rate again.

There hasn't really been a money get me that moment other then I literally don't have to care about normal people purchases. Can eat out as much as I want. I can buy a 5K piece of art for my wall just because I want to. I could buy any car for cash just because I wanted to.. but I don't.

It kind of takes the appeal out of buying things. There is no striving or saving. You sort of realize most objects are trash once you get them and a burden take care of.

Nice car gotta pay insurance, maintenance stress if someone nicks it up in the street.

Nice watch gotta avoid being mugged. Gotta hide it when you go away on vacation etc.

Really don't have much to spend it on and like I said there would be almost no life style difference between here and 10M.

>>50971191

If I had no assets in the US and I never intended on coming back?

Nothing.

As a respectable member of society I had no choice.