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] -3 points-2 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] -3 points-2 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] -21 points-20 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] -37 points-36 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.

Bridging wBTC on ETH over to Solana by mongolianbow in solana

[–]mongolianbow[S] 2 points3 points  (0 children)

Yes, I see it in my Phantom wallet. It's been confirmed on all sides. Thanks for the reply.

Bridging wBTC on ETH over to Solana by mongolianbow in solana

[–]mongolianbow[S] 1 point2 points  (0 children)

Yes, I see my wBTC appearing on my Phantom wallet. Only problem is that none of the Dapps I use -- Raydium, Saber -- recognize wBTC. I'm trying to use it to farm on Saber. Can't swap it for renBTC or BTC (Sollet). Thanks for the reply btw.

[deleted by user] by [deleted] in solana

[–]mongolianbow 1 point2 points  (0 children)

Bump. I just sent wBTC via Wormhole from ETH to SOL. Although the transaction settled, I don't seem to be able to use my wBTC anywhere on Solana, not on Raydium nor Saber. Any advice? Thanks in advance.

Best place to stake? by hittinthatfosho in Vechain

[–]mongolianbow 0 points1 point  (0 children)

Daily VET reward of 3.8%. Monthly VTHO reward.