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Updated 15 days ago on . Most recent reply

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Jay Styles
  • Investor
  • Los Angeles
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Has Anyone Used Real Wealth Network for Turnkey Properties? + Advice on Investing 20

Jay Styles
  • Investor
  • Los Angeles
Posted

Hey BiggerPockets community!

I’m currently based in Los Angeles and planning to move within the next year to either Charlotte, Tennessee, or Texas. As part of preparing for that transition, I’ve been researching ways to start investing in real estate now to build momentum before the move.

I recently came across a video about Real Wealth Network on YouTube. It sounds like they help newer investors, out-of-state buyers, and busy professionals (like me) find turnkey properties with property management already in place.

I’m wondering — has anyone here actually invested their own money with Real Wealth Network? What was your experience like? Would you recommend them for someone just getting their feet wet?

Also, I currently have about $20K to invest. Would love to hear your advice on the smartest way to deploy that into real estate, especially as a first investment while still living in California.

Thanks so much in advance for any insights or advice you can share!

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Alan Asriants
  • Real Estate Agent
  • Philadelphia, PA
1,059
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1,476
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Alan Asriants
  • Real Estate Agent
  • Philadelphia, PA
Replied
Quote from @Caleb Brown:

20K is not enough so I would continue saving. You need enough for the down payment, closing costs and reserves. Turnkey providers are hit and miss. I would try to do a house hack first. You can use owner occupied loans to get into the door. 


 agreed here. 20k is not enough. There are fancy ways you will hear no money down but be very careful about those methods. I heard someone try to convince me that they can buy an appt building with 0 money down by using cash from a credit card. Poor person who fell for that and their home didnt appreicate enough to cash out refi and pay off the debt...

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Alan Asriants - New Century Real Estate
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