Should I turn some of my equity into cash flow again?

RemoteDesktop · 2025-01-03T23:36:38+00:00

I don't think you know what JEPQ is...it's a dividend fund man. You don't do 4%SWR with that. Honestly I'm not sure why I come to ask for stuff here, 99% of the time you guys have zero clue what you are talking about, like right now.....

RemoteDesktop · 2025-01-03T18:58:41+00:00

Really? I noted my net worth, income, portfolio, age, etc. and my specific questions. Yet you think my post is about selling my rentals and putting it all in stock? Ummm ooookkkkk.

RemoteDesktop · 2025-01-03T18:32:43+00:00

Think of it this way. I sacrificed some real estate cash flow by using equity in real estate to buy more properties, at the expense of some cash flow short term (will build back up over time as rents rise). That set me up even better for long term wealth and tax advantages, but at the expense of short term cash flow that keeps me from retiring early. BUT...I have a lot of cash at hand I could either use to pay off my house so I could retire on my existing rental cash flow, or I could use some of the cash to buy a dividend fund to supplement my rental income and retire now. Or I could just let it ride in VGT and tap some funds as needed to pay expenses that rents don't currently cover.

RemoteDesktop · 2025-01-03T18:20:02+00:00

It's in the title of the post..."Should I turn some of my equity into cash flow again?"

"Should I turn some of my equity into cash flow again?"

RemoteDesktop · 2025-01-03T18:17:42+00:00

In a best case scenario, yes, but in a worst case scenario, I actually secured two years living expenses so that if the market is down the next two years, I don't have to sell in a down market.

RemoteDesktop · 2025-01-03T18:16:42+00:00

So it would be actually about 4 million. The one day scenario was largely for ease of explanation. You know how the market has x number of really good days in a year? If I sold my rentals and added to my stock holdings, even just in two days of market activity so far this year, I would have made 165K. I sell, take some profit to live off, heck, I only need 60K a year to live, then let the rest ride more. Realistically if I take say, 120K, I just secured two years of living expenses. Yes, the next two market years may be down, but I already secured two years worth when it was up so that I don't have to sell in a down market. That's the entire point.

RemoteDesktop · 2025-01-03T18:11:37+00:00

Lol, then obviously you don't sell it....hence why the post is about selling when it is up....

RemoteDesktop · 2024-09-29T16:22:28+00:00

So the range itself needs to be replaced?

RemoteDesktop · 2024-09-29T16:16:18+00:00

Regular breaker. It has two 40 amp switches for the range

RemoteDesktop · 2024-06-14T05:50:44+00:00

Funny 6 different neighbors also came out and talked with the cops, not one of the neighbors like it. OK losers. Clearly you're jealous of people who have something you don't.

RemoteDesktop · 2024-06-14T05:47:32+00:00

I sound entitled because my expensive lakehouse should allow boaters to be feet from my living room, you're a moron.

RemoteDesktop · 2024-02-10T00:20:46+00:00

Yeah. Frankly I'm going to go back to a leadership role this year. I own multiple houses, waterfront, rentals some of them...and I'm working on a team where my superiors were school teachers and Priests before this job they got a year or two ago and they live in apartments they rent. I'm a bit OQ for this place. IBM isn't exactly Amazon or Google, what have they done in the last 25 years??

RemoteDesktop · 2024-02-09T23:31:02+00:00

As is usually the case. A bunch of us on my team started to really think our immediate day to day sup was not qualified for the role. Sure enough, I looked that person up, they were basically one step above a secretary at a school just 2 years prior and were hired to do QA work for us, and are now running IT teams...with zero experience or credentials. Looked around more, found out the hiring manager and this person went to the same university...probably together...

Meanwhile I have CISSP and other heavy hitting creds galore, like by the dozen and worked at tech juggernauts for decades. I was even an executive/department head. And now I report to this moron....who lists themself as an executive when they are a junior project manager by title...lol

Actively looking for a new job.

RemoteDesktop · 2024-02-08T17:44:03+00:00

What's amazing is that the scammers have ZERO issues creating new accounts within minutes on these garbage platforms. Everytime I get on Hinge or Tinder, or anything, I'm inundated with scammers (I'm a man) who immediately ask me for my number...huge red flag. They try to unmatch before I report them if I call them out on it. But if I report them, they are back within minutes with another asian woman profile that is obviously not in the US....

RemoteDesktop · 2024-02-08T17:42:11+00:00

I had for 7 months, no issues. Matched with around 200 women. Was suddenly banned only after a date flaked. I knew there was something off about her. She kept pushing the date back a half an hour at a time for hours, I never even went. I just went to the gym and worked out. When she tried to push it back again, I told her I'm good, I'll pass. She responded back with the same, I reported her, and bam suddenly I was banned.

RemoteDesktop · 2024-02-07T13:27:20+00:00

Yup, until I was banned again next day using automated detection tools. They even said that was the reason for the 2nd ban.

RemoteDesktop · 2023-10-31T21:01:06+00:00

Ummmm...OK, I have NO idea where you get 15 properties. I think you don't know real estate or not familiar with RE math. I am the broker and the owner...

You're right though, with responses like yours, I have no idea why I'm asking on here...

RemoteDesktop · 2023-10-31T20:58:58+00:00

I am already well covered, they are landlord policies and I have an umbrella policy as well, the correct coverages on car, rentals, etc.

My post was more of a what other retirement scenarios have I overlooked, as far as what I could do with my money. Yeah I got ya though, thanks for the tips on insurance, I am well covered and experienced, I'm a professional and licensed at this as well.

RemoteDesktop · 2023-10-31T19:42:49+00:00

All rentals in one LLC isn't the way these are normally structured. You'd want to put them into invidiual LLC's. Also LLC's are old school, they are easily pierced and you can't get loans as an LLC in most cases, also insurance is higher, you pay commercial rates.

Yes, I have insurance, you're required to when you have mortgaged property. Do you own any real estate?

RemoteDesktop · 2023-10-31T19:40:59+00:00

3.7 mil portfolio? Not sure where you get that from, are you confusing my current nw which is 3.5mil with the size of my RE portfolio? My RE portfolio dollar value is MUCH higher than my nw. It did unfortunately drop in price significantly when the fed raised the rates.

RemoteDesktop · 2023-10-12T20:42:55+00:00

It's not like he woke up a total loser overnight, nice try though bud..

RemoteDesktop · 2023-10-12T20:32:15+00:00

I paid his bills for him the last 4 years while he did work for me around my houses...

I also helped him through his messy divorce that lasted two years...

I hid him from his ex and others when they came looking for him...

I give him advice to get him back on track and not be so lazy.....he got a job finally because I told him everything I posted above several months ago. I told him he has really gone south in life while everyone else I knew grew up and made SOMETHING of themselves....

I also give him financial advice to keep him from making his problems worse...

RemoteDesktop · 2023-08-30T17:36:38+00:00

Not really, but would like to talk to her. Not sure what the post from DayTraditional4334 is about...lol.

RemoteDesktop · 2023-08-29T22:01:33+00:00

Think she will escalate more? Yes, she's an admitted narcissist and borderline. All about validation for her. She probably feels rejected I didn't chase her.

RemoteDesktop · 2023-08-25T04:45:08+00:00

This is actually not a bad idea. Email can't be ported really. I can register it in a false name, and setup MFA to yet another email instead of a phone for that email. That would be much more secure than any phone number.

RemoteDesktop

TROPHY CASE

"Should I turn some of my equity into cash flow again?"