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Updated over 5 years ago on . Most recent reply

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Flipping for Active Income, When do we Invest $$ into Rentals??

Posted

We are working on our first flip. Our goal would be to do between 6-12 a year for active income. We would also like to create a passive income stream with rentals as well. Our first thought was to not use the flip income and once we had enough saved purchase a rental property in cash or auction. So possibly 2-3 rentals a year that are fully paid off. I'm curious as to what others do. We own a remodeling company but I would like to see us get away from dealing with customers on a daily basis and strictly doing flips, but if we do this we would have to use the flipping money to live, which would keep us from using that money from purchasing those rentals. Just curious what others do and their structure looks like. 

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