All Forum Posts by: Ricky Bobby

Hi David,

I had thought about buying a small home to "try it" so to speak but wasn't sure what the best route in the end would be. Also considering some sort of vacation rental property - typically I'm seeing those have higher margins but you'll be working  a lot more for it.

I guess eventually I'd like to get to the place of owning a fairly large unit building that runs a property manager but not sure how much cash is needed on those.

35 years old married w/ about $1m in assets. $600k in cash and around $400k in retirement account.

Looking to live the retiree lifestyle soon and looking for passive income.

Currently reside in NC but will probably be moving to FL or TX.

Best way to use the $600k in cash to fund our lifestyle? How much would it bring in? Looking more at commercial properties now. I've never done the landlord thing but would like to start looking at it as we transition away from equities in order to obtain monthly cash flow. At a 5% return in equities that's only around $30k/yr.

Most stuff on this site is geared towards those looking to put minimum down on a SFH. I'm looking more for passive income vs. building equity wealth at this point. Or is that the wrong way to think?

Where should I start looking/who to talk to?