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Updated almost 8 years ago,
Inmigrating to USA with 1M cash
Hey! How are you? Today I was discussing with my family about inmigrating from Argentina to United States. We are a family of 4, my 60year old dad, 49 year old mom, 12 year old brother and 20 year old me.
We got tired of living here in Argentina. We want to look for a better place in the states. Here, we have 3 big properties that would yield 800k dollars, plus the cars and everything we dont use we would have like 1m to start over.
With that I was suggesting my family of buying several different apartments there cash, or taking a loan with 20% upfront cash to buy a good number of apartments that would cashflow for passive income. With that passive income rent something for ourselves and start over other type of businesses there. Do you think something like this is possible?
Thanks for the advice,
Mark