All Forum Posts by: Ruchit Patel
Ruchit Patel has started 5 posts and replied 378 times.
Post: Is pivoting to new built properties the success strategy for 2023
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Axel Meierhoefer:
@Ruchit Patel Yes, I am happy to tell you. Right now one of my built to rent is in Memphis and one is in Florida near Cape Coral. I have also been looking at places around Austin, Texas but prices and taxes are a lot higher. There are more locations that could be interesting but as an out-of-state investor, we also always need to make sure we find a good turnkey provider or property manager.
Thanks, I messaged you on the portal. I would like to connect.
Post: Turnkey Feedback for current & future investors
- Bay area, CA
- Posts 383
- Votes 306
Your points and analysis are accurate. Margins are so thin that you can go negative as soon as the first thing goes out of the sweet spot. That's why I do new construction, where you can bank on equity play in case you sell instead of keeping. Big bucks to make there in the area where the population is growing fast.
Post: Is pivoting to new built properties the success strategy for 2023
- Bay area, CA
- Posts 383
- Votes 306
Can you write more about where you are investing and if you are managing all on your own?
Post: Any Turnkey recommendations?
- Bay area, CA
- Posts 383
- Votes 306
Yes, turnkey works well for investors who want to be completely hands-off. Of course, not every provider is high quality, but there are a few. Rent To Retirement, REI Nation, and some are very famous and reputed. DM me if you want to know the details of my experience with them.
Post: Where would you invest for a purchase price of low 300k?
- Bay area, CA
- Posts 383
- Votes 306
Parts of Florida, such as Ocala!
Post: What is the best way to invest 250k?
- Bay area, CA
- Posts 383
- Votes 306
Oh man some parts of Ohio are growing so well that rent prices are increasing fast. You will get great deals there. I have some contacts there. I can connect you.
Post: SFR First purchase with no clue!
- Bay area, CA
- Posts 383
- Votes 306
Candyce,
I am from the bay area of California and I have been there in the same boat. After searching for 6 months, I had to start exploring out-of-state inventing to boost my networth.
Once I start having some success there, now I don't look at California and get disappointed, now I just enjoy exploring creative strategies and making my network in different states, and talking with amazing people making money in unique ways.
Message meand I can guide you better.
Post: How to inspect house when purchasing out of state
- Bay area, CA
- Posts 383
- Votes 306
The ideal way would be to know a person who knows someone in an entire ecosystem. So thrive for that.
( let me give out-of-norm idea )
If I go find a realtor, then lender, then contractor, than inspector, then manager, can take forever. Or I can find a rich guy investing 10x more money than me in that area, make friends with him or help him with something for free, and now I get to use his entire network!!
We can talk more if you want.
Post: Fix & Flip Agent ~~ BRRRR Agent in the City of Columbia, MO
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Dustin Street:
@Ruchit Patel I'm a little confused on where, exactly, you want this property to be. I can help you with anything between KC and Colombia. Hope this helps!
Thanks for the response.
A couple of hour's driving distance is fine. I have done two new-construction deals in the past, but never rehab. Looking to do fix & flip, and trying to network for that.
Post: Fix & Flip Agent ~~ BRRRR Agent in the City of Columbia, MO
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Stacy Lough:
Hey @Ruchit Patel are you looking for an agent specially in Columbia? Or just anywhere between St. Louis and Kansas City?
Yes, anywhere in between.