Hey Guys,

Not sure if I'll reach my target audience here - hope so... and this is absolutely NOT some sort of brag post (I'm old (41) nobody got time for that) but hoping to get some perspective from others perhaps in similar arena.

I think I am HIGH asset, I mean... I don't entirely know, as there are some very wealthy people out there - but I have quite a bit of cash... all sitting in properties, all completing offsetting/redrawing.

At any given stage - i could be liquid millions in cash... but why??? I guess it provides some financial security - but I'm starting to consider that its sort of a waste as even recently buying new cars, or my kids education and other things - I don't ever really need access to hundreds of thousands at any given time or be liquid such a high amount.

For example - these numbers could go up or down based on markets etc... but I currently have a $6m PPOR with a $1.2m mortgage, fully offset with $1.2m cash. So there is a mil there.

I have 3 x Investment properties - all circa worth $900k, all with say $500k mortgages, but with $499,999 offsetting each of them (In otherwords, the balance is $1 on the mortgage for all three) - so you could say, another $1.5m liquid there... and maybe close to $2.7m if all sold up.

Through a property trust (the above is all in my personal name), I own another two IPs outright, full title, cirva $800k each... no mortgage at all on both of them. A a 3rd, I owe $250k on the mortgage and it worth circa $800k as well... so maybe another couple of mil there.

Believe it or not I'm in small business and self employed and just have had an absolutely fucking run for the past 20 years with property... but I'm actually not a high income earner. I can fluctuate my income a bit - but right now, my wife and I are around $200k yearly combined and we don't really need to make more as its all just taxed.

But when the banks look at my situation - they see the TOTAL mortgage amounts to be serviced on $200k a year... not the fact I pretty much own them.

I think I might want to dabble in a few more things this year... and I'm thinking that I may need to actually just actually pay them right down/refinance - say to $150k EACH x 5 - gives me access to half a mill in cash, heaps of equity... but the banks will see me more so as being able to service all of this and allow me actually more lending?

Anyone else in a similar situation - or have a strategy what happens when you actually DO become FI... and you DO have both equity and liquidity?

I'll keep this up for an hour or so then delete as I always get flamed. Any questions on property/developing and other shit - happy to help