Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 6 years ago on .

User Stats

3
Posts
1
Votes
Brent Morse
1
Votes |
3
Posts

Finally financially stable with money to invest

Brent Morse
Posted
I will be pooring over all the posts I can find that relate to my question but until then some general advice would be awesome. Long story short I went through some very difficult times in my early 20s due to a divorce and multiple custody battles. I went from amazing credit and a great savings account to homeless and bankrupt. Now I’m almost in my 30s and doing better financially. I’m still in a chapter 13 bankruptcy, however, I have the money on hand to pay it off completely but legally I have to wait another year before doing so. All my other debt has been wiped out and I’m finally back on top with 20k saved up. I’ve learned a great deal about the importance of investing and passive income, which brings me to my advice needs. I’m very interested in real estate. I lean more towards rental properties than flipping because I prefer monthly cash flow and flipping houses seems riskier and more intimidating to me. I obviously can’t qualify for any kind of loans from a bank except the VA loan and I don’t feel comfortable with borrowing from family. What suggestions does this community have in regards on how to invest this money to start a life of semi passive income? Im able to save about 17k a year. My ultimate goal is to own rental property. Given this information, if you were in my shoes what would you do? Thanks for any advice!