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 almost 5 years ago, 03/02/2020

User Stats

3
Posts
0
Votes
Jag Singh
0
Votes |
3
Posts

Need advice on my next plan from inherited properties

Jag Singh
Posted

Hello I am 24 years old. My father passed away in 2017 and left behind several properties for my mother and I to take care of. I handle most of the work as my mother isn't familiar with real estate and doesn't know much. I'm not that familiar with real estate either but am starting to learn a lot by listening to the BP podcast, reading books, watching videos and reading the forums. Also I have several uncles who are in the business of real estate and have way more properties then I do and they constantly give me advice.

All of my Dad's properties are located in a very small town (200pop) with no work in town, it's more of a retirement place where tenants collect welfare and don't really work. We own 2 mobile home parks, 4 homes, and 1 convenience store in that area and one more convenience store in a different city. We are currently in escrow for 1 mobile home park, and both of the convenience stores. Everything we own but one house is paid off.

My plan is to use the money from these closings and put that towards buying new duplex's or single family homes in a bigger more populated city. Also I'm interested in flipping homes from the money we make from the escrows. Is this the way to go for someone who is just learning about real estate and is a complete noob?

Loading replies...