Would you rather own a partnership in 10% of 50 rental properties, or own 100% of 5 rental properties? Why?

Well this is wild.....Just moved into a new construction home two months ago.....Started the build process around 10 months ago. I wrote the contract for $765k. After that I added options for a final price of $850k. I am doing a refinance right now to drop the payment $700/month...with that refi, I got a new appraisal.....................which came in at....................$1,100,000. Sounds like an opportunity for another HELOC to me.

10 years ago the Lamborghini Huracan was 200k Its modern replacement today is 350k 10 years ago the Aventador was 400k It's modern replacement is 700k 10 years ago the LaFerrari was 1M Its modern replacement is 4M That's how fast and how far the wealth gap is accelerating. Buying power is evaporating rapidly. If we aren't fast enough to level up, the gap becomes impossible to ever cross.

We all see the world DIFFERENTLY, and most of the time that's okay. Unfortunately, there are a few times throughout a human life that we all encounter people that see the world so differently, that we can't peacefully interact with them. While it is very hard, I have personally found the only solution to be walking away from that relationship in as peaceful of a way as possible. Most people don't intend to hurt other people, but some certainly get blinded by their own egos and warped perceptions to the point that no matter how much you try to speak truth or come to a peaceful resolution, they'll always refer back to their jaded story because it validates the ego/identity they are subconsciously trying to hold onto. Its the adult version of hide and seek. Some hide from truth and some seek truth. The hiders hide from the truth, their own insecurities as well as reality, and in turn try to mold reality with their words and actions to try and get others to see them the way that they want to be seen. The funny party is its a huge waste of energy because this discounts people's ability to formulate their own perceptions of life based on the experience they are seeing rather than what the manipulator is telling them. This is why the truth always reveals itself despite the façade one may try to impose on others. I am going through one of these situations myself currently, and the only time I feel peace is when I accept that the other person is simply doing the best with what they know, but is blinded by their sense of false identity that they SO badly wants to cling onto, even though its covering up reality and destroying our friendship. Guess this is life's way of saying its time for our paths to separate, and that's okay.

The market is looking sketchy....coming up on a 15 year bull run, I think its safe to say a recession is on its way, if not already here. The biggest fear for most Americans is being able to continue making their payments on assets they own, so that they don't lose them in a worst case scenario. One way I am adding in an extra layer of protection for myself is pulling $100k from one of my HELOCs just to have on hand for a worst case scenario. I'm holding it in a higher interest savings account so that I'm not wasting too much interest doing this. This is on top of my 6 month rainy day fund...just because the world feels so uncertain. Here's how my numbers work out: $100k pulled out of HELOC. Monthly payment on that $100k=$1,250 (Investment property HELOC and this bank specifically charges a bit more on the monthly payment) Monthly payment breakdown=$625 toward principal $625 toward interest Interest earnings from $100k in savings acct= $2k/year or $166/month (This is just my simple money market savings account my bank offers. I may put it in a higher yielding 6 month CD which would cancel out the interest I'm paying altogether. But it would make the cash inaccessible for 6 months which kind of defeats the purpose of doing this if I needed the cash) $625/month interest paid - $166 interest earned = $459/month lost. $459 x 12 = $5,508 lost over a year to have the safety net that I can protect my portfolio for over a year in an absolute worst case scenario. Most recessions aren't that long....So even if it does get bad, it should get back to good within 1-2 years. And I'm still confident in making at least some real estate sales during that time so I'm not completely living on these savings.