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Updated over 8 years ago,
Investing while overseas?
Hi everyone, new investor. I own one property in Oklahoma but my mother is living there so not really an investment. I'm going to visit her (I'm living in Hawaii) in about a month and will stay for one week.
I have a lump sum of cash on hand and would definitely love to get it into a REI deal and start generating some income however I'll be pressed for time since after that week I'll be moving overseas for 2 years!
My aunt there just turned 98 but still shows houses weekly for her real estate company, I'm just not really sure how involved she still is due to age and everything.
My question being:
Has anyone been in a similar situation? Any recommendations on what to do here? I'd just hate to let the cash depreciate while I'm living overseas and while playing that other markets has somewhat paid out in the past it's not really for me (stock etc).
Any help is appreciated.
Thank you,
Jay