{ "media_type": "text", "post_content": "Hi Financially Minded 🐠,\n\nI’m always thinking about how to maximize my net worth, and have learned that as a Morgan Stanley wealth management client (even one of reasonably modest means), I can obtain a mortgage with my MS investments as collateral rather than providing a down payment. In New York in particular, where I live and RE is sky high, this is a win. I’m thinking the best way to take advantage of this is to buy a mixed use building and rent the other units. What are your thoughts?", "post_id": "61d20e4eca06280026caa76e", "reply_count": 21, "vote_count": 4, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Hi Financially Minded 🐠, I’m always thinking about how to maximize my net worth, and have learned that as a Morgan Stanley wealth management client (even one of reasonably modest means), I can obtain a mortgage with my MS investments as collateral rather than providing a down payment. In New York in particular, where I live and RE is sky high, this is a win. I’m thinking the best way to take advantage of this is to buy a mixed use building and rent the other units. What are your thoughts?

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If you want maximize your net worth I would suggest not paying management fees to Morgan Stanley and keep your money

likefunnyhelpful

No need to liquidate - you can borrow against the value of your assets.

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Market drops can result in margin calls and or selling your collateral potentially

likesmarthelpful

Of course. I would be conservative though, buying a property with a down payment of only half or so of my assets and also one that I could afford to carry on my own. Plus, as the mortgage matures and assets continue to grow, the risk of a margin call goes down.

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I don't see an issue with it. You seem to know the risks and benefits.

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One hundred percent. This is how the ultra high net-worth amass wealth.

funny

Sure can! Rather than taking out a traditional loan, leverage your non-retirement assets as collateral and receive a liquidity access line of credit at a likely lower interest rate. Since it’s not based on anything but assets, you could have garbage credit and still receive a competitive interest rate. You can also choose to never pay back the interest and pass the gains on to the next generation through an inheritance structure. Leveraging your assets can also give you advantages in real estate. You can close in 24 hours as a cash buyer and undercut competition on a home purchase which is pretty crucial with today’s real estate market (currently in the market for a home purchase and inventory is moving in under 48 hours).

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