I'm looking to start investing in a deliberate, conservative way and look to build passive cash flow, rather than large chunks of money at a time while keeping my debts lower if possible.Question for the community:I've seen lots of different plays: Wholesaling, Fix & Flip, Buy & Hold, BRRRR, etc.

Our family has a fair amount of experience in real estate and we are looking to jump in feet first! 

Our ultimate goal is to have around $1mil liquidity to be able to purchase our own land, build our own home, and still have a little bit of a buffer, while also having rental properties for our passive income.I know we could fairly quickly get to $1mil buy buying and selling but I wanted to know what you all thought about what a good roadmap might be regarding that (how many properties to buy and rent vs sell, etc).I have a friend who is very active in these forums who originally lived in Los Angeles and his first properties were basically in the ghetto of the middle of the US.Would a good route be to purchase apartments in the ghetto and be a slumlord for a while to launch our empire?

I'd be curious how that plays out, if he wants to do a 1031 he's likely aware of how to defer taxes and is probably not going to want to pay them....

Hey everyone, I'm new to the forum and fairly new to the Nashville area having moved here from MS about six months ago.So a little about myself.

I have made money in Dillon county with timber plays in the 60-80 acre space, and I'd be interested to see @Andrew Johnson 's take given his comments.

It honestly has never come in to play for me.

Option 1) Offer significantly higher with a conventional loan and hope they go for it over a cash offer.Option 2) Do a 203k loan (which I'm positive they will just ignore)Option 3) Hard money loan so we can play with the cash guys...?

Next it should state that any monies collected from the tenant will be applied first to the balance of the tenants unpaid utilities and then to the rent.I am not an attorney and I don't play one on television.

You’ll get a whole bunch of excuses but just point out the contract you covered with them and play it off as “following previous contract set in place”.