Investment suggestions - First generation immigrants from India; we live in Florida and make around $550k per annum. Please suggest options to generate wealth (apart from stocks & ETFs)

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Curious how your monthly expenses are so low.. do you have kids?

Re: investments, real estate is always an option but will need work. I personally use REITs and Fundraise to get real estate exposure without opening physical properties.

likesmart

35 to 40 years

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Curious what you do to make that kinda income in Florida !!

likesmart

Monthly expenses are $4 to $5k (including mortgage), want to invest our monthly savings into something that grows for next 20 to 30 years

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I find it hard to believe your monthly expenses can be that low, that too with mortgage. Are you living in a 400 k house? Do you guys have kids? Have you paid of your car, house etc?

Rental or vacation property that you can buy and hold and generate income could be an option.

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A lot of things need to be considered for a rental (short or long term) property purchase. When and what is purchased is dependent on many things such as location, price, down payment, what is the 5, 10, 15 year plan by local government for development, demand, what will be income vs expenses, management and much much more. Real estate is a good investment if done right.

Just moved to Ft Lauderdale suburbs - first gen immigrants from India. Looking to meet new people and make friends.. let us know if interested..

Also depends on your visa. If you’re not on GC , forget the rental property route

Instead you can think about investing in REITs, yes D1 is correct about the grey area with rental property but you can invest that, just need a good immigration lawyer and an even awesome rental property manager and a handyman.

I have been researching to try rental property since the time I landed as an F-1 student (4yrs ago), but currently the market rate is not giving me a positive net flow of cash. But, will be investing in late 2023 or early 2024. FYI I am now in work visa.

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I would just automate to dump it in index funds every month and forget about it - I know it sounds boring, but boring is good in this case. RE is an option but takes up too much time of ours based on my experience.

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How does your help help with interest rates if we're only putting 10% down. In addition to a meager down payment, I also worry abt interest :( Definitely didn't get into this for the money

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