Flip or BRRRR, that is the question.

[Stephen Bennett]

I have $30,000 saved, live in Charlotte, N.C., and have a fairly long history in Carpentry/Construction. I have every tool imaginable and could manage a flip fairly easily. My wife is currently working towards getting her real estate license, and should begin testing within a few more weeks. I want to make the right moves with my money. Any advice?

[Ryan Howell]

@Stephen Bennett - if you haven't yet, I'd read Rich Dad Poor Dad. I would BRRRR. I want passive residual income. Now, that said, if you need money to live off of, then you may need to flip. If you plan to build a business and want that business to be a flipping business, then that is a valid strategy, but if you just want to flip a property here and there, I would keep whatever you can afford to. In 20 years you'll be glad you did.