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Updated about 8 years ago,
Need Guidance on Inheritance.
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