Reply to $7M vs $10M

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Reply to "$7M vs $10M"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you make 7M?   My HHI is not much so I have invested and saved but still only at 2M

Should I invest that more aggressively for the next 15 years of working [/quote]

If you make an average of 7% over the next 15 years and don’t save another dime you’re at almost 6,000,000. Relax.[/quote]

5.5M and ignoring real inflation [/quote]

RE keeps up with inflation.  Rental RE can return profits that can outperform conservative "safe" guaranteed type of market investments.  I am surprised [b]none of you have rental RE in your portfolio[/b], is market really this much better? 
[/quote]
Not really. Actually majority of my NW is in RE. I'm trying to diversify into equity market.[/quote]

Early Retired Biglaw Partner here.  I also have a rental property as well as an English basement apartment that I rent out.  Combined they generate $6k a month. [/quote]

Have you all had anything major go wrong yet? Rental properties are great until.... they aren't, even if you go the property manager route. [/quote]

Not really, no.   The one rental is my basement so it’s not hard to keep maintained.   The other is half of a side-by-side duplex.  Not super high end but in a highly desirable location in the DMV.

We’re pretty good about keeping the places up because tenants pay good rent and deserve it.  We will probably sell the duplex when the current tenants vacate, which won’t be for a while. [/quote]

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