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Reply to "What a self made multiple millionaire would do in your shoes to increase your net worth."
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[quote=Anonymous][quote=Anonymous]OP, curious how you calculate your self worth. Have seen some very very well off real estate moguls implode when markets headed south. Could you share the following? Current market value of my real estate minus mortgages = ___% of my net worth. [/quote] OP here. I hope you mean net worth as the two have deminimis correlation. 45%. That said about another 5% are private mortgage notes. It is a major mistake not to invest in real estate, but one is crazy not to diversify. I would also hope that you see from my posts that I am far more concerned with cashflow than value of the underlying asset. I'd much rather make $9K a month on a $100K property than $1K on a $900K property. [/quote]
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