All Forum Posts by: Steven Joseph Fogarty

Hello everyone! Although I've been bingeing on BP podcasts & Rich Dad books, this is my first post.

I'm married, dad to 4 boys, closer to retirement than I care to acknowledge, looking to build strong steady retirement income over the next 2 or 3 years.

In advance THANK YOU FOR SHARING YOUR EXPERIENCE AND YOUR ADVICE.

My question is directed to everyone, but especially to those who have already created significant positive passive cash flow for themselves.

QUESTION TO YOU - IF YOU HAD $475,000 CASH TO INVEST ...

Drawing on everything you know, your successes, your mistakes, IF YOU WERE STARTING AT SQUARE ONE, how would you allocate / invest $475,000 cash in order to generate the highest ROI and greatest amount of net cash flow?

LIMITS. About 1/2 the cash would be from the sale of a primary residence. The other 1/2 would be coming from a 1031. I am not accredited. I'm no good with a hammer, not interested in flipping which seems too much like gambling at this point in my life. I live in high volatility Vegas, but I'm more interested in low-volatility high-cash flow anywhere. My FICO is terrible, thus conventional financing won't be available to me until I repair my FICO / financial statement after the months / years of steady income your advice will get me :-)

Thank you again for sharing your wisdom. And thanks to Josh and Brandon for providing such an awesome resource.

All my best,

Steven Joseph Fogarty