All Forum Posts by: Enzo Pazos

@Jonathan Kincaid thank you for your quick response! I have a good property manager in FL. He works mostly with SFH. Because I am living in NYC. I'm planning to invest out of State.

Hello everyone!

I’m originally from Argentina but I am currently living in the US for almost 6 years already. I am going to start investing as soon as my work permit arrives and banks will lend me money. That being said, I don’t have any experience investing besides books, podcasts, etc.

My parents are still in Argentina and they have money saved up. They would like to start investing this year and to have a strong passive income starting within the next 3 to 5 year (no need to have it right after investing)and be able to retire. What do you guys suggest they should do? I will be able to get loans from banks and/lenders soon. Most likely the way they would buy properties here in the US is through me. I’ll be the owner, they’ll get the cash flow.

First I thought about buying a bunch of SFH (100k each) with a 20% down payment. Maybe a better way to go would be buying a big multi unit ( but I don't feel ready for this yet). What are your thoughts? THANK YOU!!

Hello everyone!

I’m originally from Argentina but I am currently living in the US for almost 6 years already. I am going to start investing as soon as my work permit arrives and banks will lend me money. That being said, I don’t have any experience investing besides books, podcasts, etc.

My parents are still in Argentina and they have money saved up. They would like to start investing this year and to have a strong passive income starting within the next 3 to 5 year (no need to have it right after investing)and be able to retire. What do you guys suggest they should do? I will be able to get loans from banks and/lenders soon. Most likely the way they would buy properties here in the US is through me. I’ll be the owner, they’ll get the cash flow.

First I thought about buying a bunch of SFH (100k each) with a 20% down payment. Maybe a better way to go would be buying a big multi unit ( but I don't feel ready for this yet). What are your thoughts? THANK YOU!!

@Scott Wolf it is definitely a tough market. Thanks for taking the time to respond. Have a good day!

@Yari Vargas thanks! I appreciate your response Yari!

@Aaron Wade sorry for taking so long to respond. I agree with you. I just have been thinking about a way I can start my REI journey in NYC. Although, out of state will be the way to go. Thanks for the advice brother!

Hey! One quick question: my friends and I are thinking about starting our REI journey. We are thinking about using the BRRRR strategy. What are the pros and cons of buying foreclosure properties? Thank you!!

I currently live in NYC where prices are not low. I am lucky enough to be living almost for free. My wife is moving to the city in May and we need to start looking for a place to stay in a few months.

My question is, is it better to rent (at least $1,500 a month) and start our REI journey out of state? Or is it better to buy something in NYC with a FHA loan where the mortgage would be similar to our future monthly rent?

After a few years, if we decide to move out of the city, we can always rent it out. But I’m not sure what the chances are that that property will at least break even.

We REALLY want to start investing this summer but we just feel that paying rent every month in NYC will slow us down. The only reason why we do not move to a different city is because we can make much more money here. Although, we are not planning to stay here forever. It’s temporary.

What are your thoughts? Thank you!!

@Kenny Dahill thanks!! I appreciate your help!

@Christine Kankowski make sense!! I just read so many times how hard to find a good property management is. That’s why I thought that.

Thank you for you advice!