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Updated about 8 years ago on . Most recent reply
How to Help Baby Boomer dad invest in RE
I would greatly appreciate thoughts on the following...
I am an amateur investor with 5 income producing properties. I recently helped my father and mother sell their home and move into a retirement community close to me. After the sale of their home and paydown of their new home my dad was left with $30K to put in "savings". We figured he'll make $120 a year in interest.
I would like to help my dad invest his $30K and am looking for creative ways to help him do so. Some of my own, untested ideas were: He can invest in what I am doing (buying and holding) with me doing the work for him and he being an "investor".
Keeping the money in the stock market is a bit more risky than what I would want for him.
Any thoughts?
Thank you,
Matt