Rental Property Investor · Greenwood, IN · Member since 2019 · 8 posts · 6 votes
I’m 39 y/o, with 2 kids, and my wife is a physician. We came to the US in 2013. I just have 3 months working in the US due to my visa status, so, 401K will begin in 3 months. My wife has about 3 years with her 401K.
I want to know where to invest $3K/mo. Mutual funds? REIT?
Real Estate Syndicator · Milwaukee, WI · Member since 2018 · 1k+ posts · 907 votes
6y
I would stash that 3K/month until you have a larger pot to pull from. Once you get to around $50K, you can then find a deal to invest in or partner with another investor to buy a larger deal.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
6y
It all depends on your goals. What do you want this investment to provide you with? Are you going to be passively investing or will you be using these funds to start a side business (involving your time)? It sounds like you're looking for passive investments, which is great. You just need to know everything at your disposal, including time and money.
Since this is a real estate website, you're going to get a lot of real estate-related answers. I'd start by learning ways you can minimize your tax burden and liability; physicians tend to pay high taxes and can benefit from asset protection.
After doing that, I would invest in lower risk positions until I could accumulate enough to invest in a syndication or a fund.
Real Estate Syndicator · Milwaukee, WI · Member since 2018 · 1k+ posts · 907 votes
6y
I would stash that 3K/month until you have a larger pot to pull from. Once you get to around $50K, you can then find a deal to invest in or partner with another investor to buy a larger deal.
Specialist · Columbus, OH · Member since 2012 · 176 posts · 98 votes
6y
You can get into some real estate syndications with as little as $20k... I have a guide that could help you evaluate opportunities, pm me and I can share it with you!
Specialist · Earth 2.0 · Member since 2019 · 598 posts · 271 votes
6y
Hello, first off thank to you wife as all medical staff are out there working hard and putting thier lives at risk to help all of us. I would wait a bit on real estate as value will reset if you want to go some investing in the mean time look at some safe dividend stocks so you can get a return the time being. As always do your homework before investing.
Rental Property Investor · Indianapolis, IN · Member since 2016 · 559 posts · 463 votes
6y
Hi Erwin, welcome! Keep learning until you no longer need to ask what you should do with the excess capital. Pick a niche, and dive very deep into it as opposed to skimming across a variety of investing methods. All the best!