Ricardo Fosado is a successful small business owner with over 18 years of industry experience. Ricardo joined the military right after high school in November 2001 as a patriotic call to duty after one of the deadliest attacks on US soil since Pearl Harbor. After serving 4 years and two tours, Ricardo was honorably discharged from the US Navy as an AD3 (Petty officer Third Class).
After his military service, Ricardo joined the labor force in the gas station industry replacing card readers, printers and nozzles. A great work ethics and positive thinking in the workplace is how Ricardo continue to climb up the corporate ladder assuming different positions and promotions within the company.
Striving to always better himself and continue a path of lifelong learning, Ricardo enrolled in community college at the age of 26 at Cerritos College where he took every possible course offered in Real Estate and Business. He attended school for 3 years but never received a degree since he followed his own curriculum and classes that drew his attention.
At the age of 31, Ricardo purchased his first income property. Ricardo sacrificed the comfort of his home in Downey to live in a triplex in South Central in order to be able to make the mortgage payment. After 1 year of saving and living in South Central, Ricardo was able to purchase a primary residence in Bellflower with a 6,000 sf lot. At this point the mortgage in South Central paid the mortgage of both properties. Ricardo proceeded to save the extra income and save enough cash to build a 1,130sf ADU in the back yard.
His drive, motivation and work ethics have helped Ricardo transition into the investor / developer / business owner he now is. With 12 doors, 8 residential units, and 2 commercial units, Ricardo is looking for guidance and knowledge to better allocate his assets and continue to grow in real estate and business exponentially during different markets.
Email: Ricardo@foxtco.com