What to do with excess cash

[Account Closed]

Hi everyone! I’m new to BP and excited to learn from all you experts!

I have 250k cash in checking and am self employed and bring in 40k a month from this specific business. 30k of it goes to my financial advisor and invested in stocks. I setup for 30k monthly to come out and go directly to a non retirement stock account. I recently sold a rental property and netted 135k. I have another rental I own free and clear and have quite a bit of equity (400k) in my home. I’m 40 have no debt and my expenses are low and the business pays for my monthly expenses easily after puttting away 30k a month into a non retirement account.

Im 40 and have about 400k in a non retirement account and my 3 kids college funds paid up. I have another rental worth 400k that’s paid off and 400k equity in my primary residence. I also have another rental property bringing in 2500 rent and have 300k equity in that property. I plan on retiring and traveling by 53 ( when my kids head to college)

My question is

Should I focus on cash flow and what to do with the cash?

I definitely think I should use the 135k ( proceeds from rental property sale) for RE so I don’t pay capital gains on it. I do have an interest in multifamily property investing.

I also have the 250k that I need to use to generate passive income

Your thoughts and expertise is greatly appreciated!

[Scott M.]

Please send all your excess cash to P.O. Box.......