Actually, you were pretty close with your estimates :) We are looking to get ~$2 - $2.2m for our current house, and that would put us at ~800k - 1m in equity (after sales costs).

I have done well in my career and am currently sitting on a mid 7 figure liquid portfolio all invested in equity index funds, and I think diversifying a bit in real estate might be a good strategy.

I never owned any real estate and have been renting a high rise one bedroom for $1,800 in River North with my girlfriend for the past couple years, and we love it here.I have done well in my career and am currently sitting on a mid 7 figure liquid portfolio all invested in equity index funds, and I think diversifying a bit in real estate might be a good strategy.

I have about the same amount in equity and trying to figure out the best way to start making smart investments.  

I would reiterate the point Nathan made in regard to developing a plan to have capital in the deal, no money down or tying up all of your money up in equity is typically not a good play.

We have $100k in equity in our current home and our mortgage is $850/month.

If you're using your credit cards to invest in equities, that is a very risky play that could really bite you in the butt.

@Sam Fickel Thanks Sam, my first loan is conventional with $300,000 in equity.

I understand what your saying using a hard money loan would let you keep more capital in your pocket at the acquisition, but once you refi into a 30 year loan you will still have to put 20% down and if you don’t have that in equity then it’s coming out of pocket.

So, today, she has $2.5 million in equity from the apartment building, a $900k house and because we manage the apartment buildings we pay her $7500 per month.My third wife is a gorgeous Filipina, 22 years younger than myself, weighs only 85 pounds and looks like she is not one day older than 18-years old.