200k sitting in the bank
Hello everyone!
I’m originally from Argentina but I am currently living in the US for almost 6 years already. I am going to start investing as soon as my work permit arrives and banks will lend me money. That being said, I don’t have any experience investing besides books, podcasts, etc.
My parents are still in Argentina and they have money saved up. They would like to start investing this year and to have a strong passive income starting within the next 3 to 5 year (no need to have it right after investing)and be able to retire. What do you guys suggest they should do? I will be able to get loans from banks and/lenders soon. Most likely the way they would buy properties here in the US is through me. I’ll be the owner, they’ll get the cash flow.
First I thought about buying a bunch of SFH (100k each) with a 20% down payment. Maybe a better way to go would be buying a big multi unit ( but I don't feel ready for this yet). What are your thoughts? THANK YOU!!