All Forum Posts by: Ruchit Patel
Ruchit Patel has started 5 posts and replied 378 times.
Post: What is the common commission for turnkey rentals
- Bay area, CA
- Posts 383
- Votes 306
What you are referring to is called a turnkey provider. Most of them don't ask for any extra commission, they get paid behind the scene by the seller. You can think turnkey provider as a fancy seller's agent who is also taking care of finding good areas, deals, and property management for a buyer!!
DM me so I can share my experience with the turnkey provider I have invested with.
Post: Have 33 SFRs across 8 states, looking for turn key SFR providers
- Bay area, CA
- Posts 383
- Votes 306
I can talk about turnkey providers. Rent To Retirement is one of the big names out there. We can connect.
Post: Best bang for buck if cash flow is biggest priority
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Josh Green:
@Erik Bergerud
Absolutely buy 1 STR/MTR. I do these for the greater Tampa area and you could buy yourself a turnkey property that might cost you $3300-$4500/mo total and generate you $90-$125k/yr in revenue. The Tampa area serves all 9 categories of STR/MTR visitors and also checks the boxes in projected growth/demand/jobs so although you will get a lot of cash flow, you'll also expect to gain ~$6k/mo in appreciation on a 10 yr hold in the purchase price range you can easily afford with your current liquid cash position.
Do you help with those high cash flowy investments?
Post: Where to invest in Florida
- Bay area, CA
- Posts 383
- Votes 306
I can help. I own properties in Cape Coral and Ocala of Florida. New construction ar giving huge profits there. Shoot me a text inside my inbox and I will share how I did it.
Post: Need help with investment locations.
- Bay area, CA
- Posts 383
- Votes 306
Why don't you invest out of state? It's in the trend and so it's been easier than ever before due to sheer support from people providing turnkey deals.
Post: 100% LTV HELOC - 20 yrs
- Bay area, CA
- Posts 383
- Votes 306
Can you please elaborate on the loan and the bank?
Post: Rent To Retirement Experiences
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Gerald Legaspi:
@Ankit Garg, @Kunal Lakhwani...just curious if you ended up pursuing RTR? I have a call with them today and just curious about your experiences? Fellow Bay Area resident also looking out of state!
I have worked with RTR. They are definitely one of the most transparent and educative people I have come across in the real estate world. Happy to connect with you if you have any questions/concerns.
Post: Would you pay for Mentorship?
- Bay area, CA
- Posts 383
- Votes 306
There is enough free advice available. Unless you are getting a God-level real estate investor, it might be worth paying, otherwise, feel free to message me too for basic advice.
I am an investor from California, investing out of state for now. Currently, doing equity play with new construction in cash-flowy regions to be safe.
Post: Newbie looking to purchase a couple OOS SFR
- Bay area, CA
- Posts 383
- Votes 306
Hello Calvin,
I was in exact same situation and I gave up buying here in California. I have been investing out of state passively and it's been going great. I can talk in detail about turnkey providers especially the "Rent to Retirement".
Let's connect.
In general, America is filled with great opportunities and deals. So, it comes down to having transparent/educating, friendly people to invest with. In the world of good turnkey providers, it's not that hard anymore.
Post: Build to Rent - New Construction
- Bay area, CA
- Posts 383
- Votes 306
This is what I do. Somehow I found great people to do this. Yes, you can make great equity by constructing instead of buying a house!!
Let's connect.