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Updated 6 months ago on . Most recent reply
How would you better balance this portfolio to reduce risk?
I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.
I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.
My main questions I’m looking for thoughts on are…
- What percentage would you keep in reserves? I am debating liquidating a portion of my brokerage to pay down these properties to reduce risk.
- Would you refi now or wait until rates drop?
Rental 1 - Cash flow Breakeven - rate 3.875% - 20-25% equity (not looking to refi)
Rental 2 - Looses about a few hundred a month - rate 9% looking to refinance soon to 6.9% but debating on waiting until rates drop further - 5-8% equity
Primary - currently at 7.25% waiting to refi to 5.5-6% - about 5-10% Equity
My current net worth breakdown is approximately...
Real estate 39%
Cash reserves 7.5%
Brokerage 30%
Retirement 17.5%
Other 6%