/biz/ - Business & Finance

Anyone here not a teenage brainlet who freaks out over their $500 investment in crypto every time the market moves?

I'm 32 years old and about to inherit a modest real estate portfolio. I currently have about 1.2MM worth of real estate to my name (was transferred to me a few years ago), and stand to inherit an additional 5.5MM. None of the properties have any liens or mortgages, so all generate income at around a 3% cap rate... which is not amazing, but all these condos are in popular US cities, so the value growth of the property itself is enough to offset lower cap rates.

So basically:
I have 1.2MM in properties that I can use to take out a HELOC at about 60-80% (according to some preliminary talks with loan brokers, they could just be trying to pull me in, 80% sounds high, but 50% is definitely doable with large banks such as BOA.
Every month I get about 2.5k net income which I use to live, and the property I live in is currently owned by my parents which I should inherit within 4-5 years. Worth about 1.4MM.

What should I do? I've been encouraged to continue buying properties by taking out loans, and using rental income to pay off the mortgages and carrying costs... but I don't really feel like doing that. I feel like 6-7MM worth of real estate and passive income is enough, and instead of doing the same thing my parents did I should use this in a different way.

I'm also not comfortable with taking out massive loans since I think we're in a currency bubble, and thus an everything bubble. I'd much rather try to use passive income and my sizable savings (about 350k, mostly from crypto last year, also own about 40k in stocks, still have 50k in crypto after this crash) to make a move. Any suggestions Biz? I'm home for the holidays in the boring town I grew up in so I will be here all night.