What would you do with 35k?

[Sherry Lee]

Hi All,

Background: Greetings from Shanghai, China! I am American and my husband is Croatian. We both worked on a cruise ship around the world and was Able to save up some cash. Recently a new job took me to Shanghai, China so I like to learn how to invest in real estate from abroad. 

Being abroad actually saves us quite a bit of money for our lifestyle. We are able to save about 35k every 6 months. However, since we are abroad, I feel quite limited as to what type of real estate investments we can do since I am physically located here in China. (Even my bank in Missouri told me today, in order to take a line of credit out on my property, I gotta go to the bank and sign in person!?) 

What are some real estate suggestions if you had 35k+ and you're abroad? We already put 48k and bought a foreclosure property in cash last year and it's renting out in Missouri for 850 a month so far but that was back when we were physically in the states to take care of the purchase. 

I am open to Turnkey companies, but is there anything else out there that I could potentially do instead of just letting our money sit in a CD? (Yes embarrassing, it's sitting in a CD at the moment...) We do have retirement and all that sitting in Roth and index funds, but we like to do more with real estate with the extra cash.  

Thanks in advance!  

Sherry

[Elizabeth Wilson]

@Sherry Lee. That's awesome! Congrats! Turnkey is a great idea for OOS investors. Have y'all considered hard money lending instead of sitting it in a CD? We work with several HML locally and OOS. Definitely better rates than a CD. Message me if you want more info about how we specifically arrange this.

Best of luck! :-)