Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

Account Closed
  • New to Real Estate
  • Carrollton, TX
2
Votes |
8
Posts

Not sure where to start need advice - Flipping vs Rentals

Account Closed
  • New to Real Estate
  • Carrollton, TX
Posted

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?

Loading replies...