Need Guidance on Inheritance.

[Account Closed]

Hi, everyone!

This story could be very long but I'm going to keep it as short as possible. Here goes:

My best friends father passed away recently. Her father amassed a large amount wealth in his life which now has come into her possession, around 2 million in a trust and 7k in cash flow every month from from existing rental properties. We both want to get into REI but we don't know where to start. So that's the big question: Where do we start? The overall goal is to build an empire and gain FI just from the cash flow off of our investments. 

I know this is a loaded question packed with many different answers. What would you do if you were in our position? 

Thank you for reading, I look forward to the responses. 

-James

[David Dachtera]

@Account Closed,

$7K in monthly cash flow? Sounds like she's already in REI via the inheritance.

My suggestion would be to consider recommending she liquidate some of the non-RE holdings and expand / diversify that portfolio of rental / income properties unless there's better income / ROI to be had elsewhere.

My $0.02 ...

Condolences on the loss, to both of you.