Poll: overall RE LTV

22

Absolutely… I’ll form a startup and raise billions of dollars from the VCs and spend them all lavishly with moonshots… :rofl:

23

In other words, we have underestimated your net worth?
At present, we feel manch has more than you!
How much should I add to your CENT (currently estimated net worth)?

24

I don’t know how to answer that… :rofl:

25

It’s not very polite to ask for the current networth. How about the NW at the time you decided to leave the corporate job? That can be used as a reference for BA FIRE

26

Well aren’t you a sneaky one… no I don’t think I want to answer that either… :rofl:

But I can assure you that when I was born my net worth was zero!!! :rofl:

2 Likes
27

Hmm, he has figured out Manch’s networth and pretty adamant that his is much much higher than Manch. Maybe Manch has a good guess now

:rofl:

28

Well, detailed analysis.
12 houses of $400k ~ $4.8M
40% means stocks ~ $3.2M
Total $8M, 2/3 = $5.3M
SF house = $1.5M
CENT = $6.8M still less than manch’s $7.5M CENT.
Did we over estimated manch CENT?

29

I’m not adamant about anything… except bitcoin for sure will crash to below $1k… :rofl:

30

Analyze as you wish… :rofl:

Why don’t you make a detailed analysis of manch net worth as well? :wink:

31

Manch has not published his CENT and no one knows about it. How come you are so sure you are much better than him?

32

I’m not sure about anything… I have no idea what his net worth is… :rofl:

All I know is that he is not happy with his current net worth so he overleveraged his hand in order to get rich quick… :wink:

33

Ok got it. Manch may have a higher CENT

34

Yes he might… :smile:

35

Well, $7.5M CENT for manch is given by BAGB.

4 houses of $1M each = $4M
Primary = $1.5M
Business = $1M
Stocks = $1.5M
Total $8M.
How much debt? 1/3? Then is $5.3M which is less than wu’s CENT of $6.8M

BAGB, how did you arrive at $7.5M?

36

Did I? I forgot that I tagged Manch to 7.5. Maybe he said something and I made a quick guess based on his comment.

I think your analysis is more credible than my quick guess

37

@BAGB pulled that figure out of his ass.

Also I have questions about your analysis:

  1. how did you come up with 4 houses at $1M each?

I remember he said he owns a property in Sacramento and one in Sonoma. Other than that, he also seems to have a property in San Jose (near east lake restaurant) where he used to live. I’m not sure if he has converted it into a rental or sold it.

  1. how did you come up with $1.5M for his primary residence? I believe he lives in SF so maybe you are right.

  2. how did you come up with $1M for his business? I’m sure this is a very random guess.

  3. how did you come up with $1.5M for stocks? Again, very random guess.

38

He tripped his stock so 1.5M has turned into 4.5M. Maybe my guess is closer

39

see bold inside [ ]
Ok, seem to overestimate his CENT.
3x600 = $1.8M
primary = $1.5M
business = $1M
stocks = $1.5M
Total $5.8M, after debt $3.8M, much less than yours. So BAGB is right that you have more, thousand apologies.

40

Oh great… :rofl:

41

So I should eat nothing but eggs and steak? :smile: