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Updated over 2 years ago,
Not sure where to start need advice - Flipping vs Rentals
I am so lost when it comes to reading the forums and books, podcasts. My wife and I know where we want to end up, but have no idea where the starting line is. We want to have recurring passive income from rentals/ storage units/ land/ etc...(anything that will enable us to live freely and without worry once I am unable to work because of age. She will be coming into a sum of money in the timeframe of April 2023 from a family member selling land to a developer. We are thinking about doing a couple of flips at first to generate a flow of cash that we can use to start investing in rentals so we don't use all of the inheritance while our rentals start generating enough passive income ( and we don't know the amount she will be receiving until the family member announces). The more I read BP blogs, forums, listen to podcasts, books I read (not just BP books) the more overwhelmed I become as to the amount of possibilities out there to generate passive income. So is there anybody out there that can help point us to the white starting line?