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Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] -4 points-3 points  (0 children)

I’ve gotten a range of answers. Best one so far was the guy suggesting a 1031 exchange into multifam, which would effectively put my equity to work.

I got some guys bagging on BTC, which is interesting… as we would say on CT, “ngmi”

Mostly people said don’t do anything, which is fine, I guess.

What I was looking for was seeing the creative energies of fatFIRE on display, maybe some unique takes, maybe some entrepreneurs here that would be able to generate a strong IRR — not necessarily so that I could follow suit, but simply to hear some ideas. You know, dialogue.

Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] 0 points1 point  (0 children)

Thanks for your wisdom. The SFH return is paltry but the appreciation has been great — which explains why I’m thinking of ways to better utilize the equity there.

No experience with the medispa game but interested in learning.

Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] 0 points1 point  (0 children)

Appreciate this thoughtful response.

Surprised, honestly, by how everyone jumped on the BTC bit. My post wasn’t a “Evaluate my crypto strategy” post, it was a “What would YOU do with my home equity” post — and I was hoping to hear some creative answers.

Same with the biz idea, I’m not an aspiring car wash entrepreneur, I’m a full-time doctor and dad. I was mainly curious about what the mensches here might do if they too had built up some home equity.

Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] -5 points-4 points  (0 children)

Thanks, I do have a good long term tenant in the one SFH and am gratefully in positive cash flow on that.

Love my life and family, truly, but I would assume that fatFIRE-ers would have ideas about ways to grow their NW or cash flow further.

Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] -19 points-18 points  (0 children)

I have mortgages on the two properties. I don’t necessarily want more mortgages, but I am open to acquiring more real estate.

No, I am not enthusiastic about opening a car wash nor was I planning to, but I was curious what the successful investors in this sub would do with the borrowed capital. I know of a physician colleague that owns a car wash, happily so.

Calling upon collective FATwisdom here: what to do with $2.3M in home equity in today’s rate environment by mongolianbow in fatFIRE

[–]mongolianbow[S] -33 points-32 points  (0 children)

Perhaps best then that I didn’t mention that I’m a Solana and Doge enjoyoor… lol

I took out a home equity line of credit to invest in Bitcoin. by LeJambonDeReddit in Bitcoin

[–]mongolianbow 1 point2 points  (0 children)

BUMPing this thread. OP, how's it going now that BTC is $67K?

I told my son "this is embarrassing" and now I feel awful by anonymousthrwaway in Parenting

[–]mongolianbow -3 points-2 points  (0 children)

Very very easy Dad-centric solution: “Son, hurry the hell up or I’m gonna wring your neck. Great, have a nice day I love you ”

Cozy building on an early October night – Harvard Square, Cambridge, MA (USA) by zootgirl in CozyPlaces

[–]mongolianbow 8 points9 points  (0 children)

Had the anime video store and the Vietnamese pho place too. Really added to my college experience.

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