Real estate and Net worth
Hi All,
I'm curious to get members opinions on how much of your net worth is OK to have tied up in real estate?
I recently completed my second deal which put a large amount of my net worth into the 2 properties I own. If you count IRA and retirement accounts I have 70% of my net worth in real estate. If you take retirement accounts out and only look at what I would consider "accessible cash" ( I would never dip into retirement savings so I prefer to pretend I don't have that money) then this number is closer to 85 or 90%.
I still have an emergency fund and I could most likely get easy access to cash through a heloc if needed but I'm curious if other members think it is crazy to have this much of my net worth in one asset class?
Where do you fall in what % you have in your real estate holdings?
MD