Hi!
So again not sure where I can post these updates, so I'll opt for here again. @Mods, please move where this make sense. Maybe they aren't even needed on the site?
I posted about 4 years ago @ 1.8M NW, my goal then was $2M and a paid off primary by 40 years old.
I posted again in May of last year @ $3.3M and contemplating call it quits and riding into the sunset.
So here I am now:
Age: 41, single, HCOL
Salary = 540k/ bumped up salary + side gig
NW = ~4.85m
Cash = $500k
Stocks = $1.5m
401k/IRA/HSA = $1m
Real Estate = 1.85m
Properties
Prop 1 - val - $350k, paid off, rent: $1700, HOA: $295; cash flow = $1100/mo
Prop 2 - val - $750k (owe $300k), rent: $2550, HOA: $500; cash flow = $300/mo
Prop 3 (Primary) - val - $550k (owe $200k)
Prop 4 - val - $350k (owe $180k) rent: $3600, cash flow = $1400/mo
Prop 5 - val - $700k (owe $360k) rent: $6000, cash flow = $2600/mo
Prop 6 - val - $600k (owe $280k) rent: $4240 cash flow = $1800/mo
Property Cashflow = $7200/mo, conservatively, considers vacancy loss and repairs.
Current Outgoing = $4500/mo = $2300 (food, utilities, services, stuff, etc..) + $2200/mo for mortgage on primary (14 years left on 15 year ARM @ 2.5%) and HOA
Updates:
- bought one more property
- boosted up equities on downturn
- refinanced a number of properties
- cashed out severance monies
- had the best time of life in between jobs
- increased salary at new job.
- still hate the rat race to the core.
Everything sounds great, but same questions as last year:
I'm thinking answers:
1. Per the other thread, I just need to know when enough is enough b/c this is the youngest and healthiest i'll ever be. I went back to work and can I say I truly despise it. Targeting calling it quits mid next year?
2. No, but if a deal comes where I can make a downpayment on it, maybe? At my increased salary, this would be more like 3-5 years now.
3. If it happens, let it come, but I can't let that hold me hostage to enjoying life more now.
Anyway, more ramblings, but it's been helpful to see my mindset and progression. I referenced previous feedback and it's been immensely helpful and comforting. Thank You!
So again not sure where I can post these updates, so I'll opt for here again. @Mods, please move where this make sense. Maybe they aren't even needed on the site?
I posted about 4 years ago @ 1.8M NW, my goal then was $2M and a paid off primary by 40 years old.
I posted again in May of last year @ $3.3M and contemplating call it quits and riding into the sunset.
So here I am now:
Age: 41, single, HCOL
Salary = 540k/ bumped up salary + side gig
NW = ~4.85m
Cash = $500k
Stocks = $1.5m
401k/IRA/HSA = $1m
Real Estate = 1.85m
Properties
Prop 1 - val - $350k, paid off, rent: $1700, HOA: $295; cash flow = $1100/mo
Prop 2 - val - $750k (owe $300k), rent: $2550, HOA: $500; cash flow = $300/mo
Prop 3 (Primary) - val - $550k (owe $200k)
Prop 4 - val - $350k (owe $180k) rent: $3600, cash flow = $1400/mo
Prop 5 - val - $700k (owe $360k) rent: $6000, cash flow = $2600/mo
Prop 6 - val - $600k (owe $280k) rent: $4240 cash flow = $1800/mo
Property Cashflow = $7200/mo, conservatively, considers vacancy loss and repairs.
Current Outgoing = $4500/mo = $2300 (food, utilities, services, stuff, etc..) + $2200/mo for mortgage on primary (14 years left on 15 year ARM @ 2.5%) and HOA
Updates:
- bought one more property
- boosted up equities on downturn
- refinanced a number of properties
- cashed out severance monies
- had the best time of life in between jobs
- increased salary at new job.
- still hate the rat race to the core.
Everything sounds great, but same questions as last year:
- - These are my prime earning years, shouldn’t I continue to work, it seems I’m leaving cash on the table, but seems like I easily have enough?
- - Do I want a better forever home? I could work 5-10 more years and I could live in a $2M home and have way more money.
- - Not married and don’t have kids, but haven’t ruled them out.
I'm thinking answers:
1. Per the other thread, I just need to know when enough is enough b/c this is the youngest and healthiest i'll ever be. I went back to work and can I say I truly despise it. Targeting calling it quits mid next year?
2. No, but if a deal comes where I can make a downpayment on it, maybe? At my increased salary, this would be more like 3-5 years now.
3. If it happens, let it come, but I can't let that hold me hostage to enjoying life more now.
Anyway, more ramblings, but it's been helpful to see my mindset and progression. I referenced previous feedback and it's been immensely helpful and comforting. Thank You!
Last edited: