All Forum Posts by: Ruchit Patel
Ruchit Patel has started 5 posts and replied 378 times.
Post: buy one rental property cash or multiple properties with mortgage
- Bay area, CA
- Posts 383
- Votes 306
The fastest way to increase your networth would be to use leverage, and keep 10% or 20% cash for emergency incase a tenant leaves or the economy collapse.
$1M in the midwest can generate up to $10,000 cash flow a month!!
Post: I got approved for a 177k HELOC !
- Bay area, CA
- Posts 383
- Votes 306
If you can generate more cash than the interest of HELOC, it would make sense. Still, you would have to be super careful borrowing that high amount.
I know people buy high cash flowy assets as an investment property to pay for HELOC interest, and basically make wealth for free, till tenants keep paying.
Post: Whats your opinion on Turnkey Investment Property Companies?
- Bay area, CA
- Posts 383
- Votes 306
I have worked with multiple turnkey companies, and I can explain the details, and their customer support, and their business models if anyone is interested. DM me.
In general, there are good turnkey providers and there are bad ones.
With high-quality providers and with their good customer support, turnkey investments are a great way passively boost networth ( maybe 3x faster than the stock market ).
The trend of buying turnkeys out of state is increasing in the investors from California, NewYork, etc.
Post: Stuck in analysis paralysis. Need advice to take the next step.
- Bay area, CA
- Posts 383
- Votes 306
Don't worry about analysis-paralysis. That just means you care about your hard earned money deeply. I have been there for 18 months.
I am from California and have been investing in Florida for a while now. Message me and we can connect. Happily I will share my insights and guide you.
Post: Out of state investor help. What do I do? Durham area
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Sam Bhattacharya:
Quote from @Ruchit Patel:
Hello Greg,
It's common for people in big cities to invest out of state. I am from the bay area California, and I have been doing that for the last two years.
You are in the right mindset that first finding the right people is more important than a deal.
Let's connect and I will share my experience.
Thank you,
Ruchit
Hi Ruchit, I am in the DC area and looking to do the same as you're doing.
I didn't consider the Raleigh-Durham area. But if you're doing long-distance investing, I guess the world is your oyster.
Send me your email ID using the message portal or check my message in your inbox. (bell icon at top)
Post: Out of state investor help. What do I do? Durham area
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Sam Bhattacharya:
Quote from @Ruchit Patel:
Hello Greg,
It's common for people in big cities to invest out of state. I am from the bay area California, and I have been doing that for the last two years.
You are in the right mindset that first finding the right people is more important than a deal.
Let's connect and I will share my experience.
Thank you,
Ruchit
Hi Ruchit, I am in the DC area and looking to do the same as you're doing.
I didn't consider the Raleigh-Durham area. But if you're doing long-distance investing, I guess the world is your oyster.
Exactly!
Let's connect. I will message you with my contact info as it's not allowed to share on forums.
Post: Out of state investor help. What do I do? Durham area
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Devanand Ramachandran:
Quote from @Ruchit Patel:
Hello Greg,
It's common for people in big cities to invest out of state. I am from the bay area California, and I have been doing that for the last two years.
You are in the right mindset that first finding the right people is more important than a deal.
Let's connect and I will share my experience.
Thank you,
Ruchit
Hi Ruchit,
I am a new Out of state investor from PA. Would love to connect with you to understand the Raleigh Market.
Thanks
Devanand
Feel free to message me and happy to answer your questions.
Post: Has anyone done recent business w/ Morris Invest or SDIRA Wealth?
- Bay area, CA
- Posts 383
- Votes 306
Quote from @Sandra Rocha:
@Patrick Bavaro I’d love to hear more about R2R. I’m looking for a turnkey investment out of state and Florida seems appealing to me. Will you be doing more business with them? What else can you share about them?
Post: Here's my situation, what would you do?
- Bay area, CA
- Posts 383
- Votes 306
For people making good money but busy, turnkey providers exist. With good company, you can get good returns completely passively. I think you should do that. Passive investments.
I am from California and I have been doing that for 18 months now.
Post: Has anyone done recent business w/ Morris Invest or SDIRA Wealth?
- Bay area, CA
- Posts 383
- Votes 306
I have experience with multiple turnkey providers including some of you mentioned. Rent To Retirement has the best reputation out of all of them.
When it comes to trusting someone with my hard-earned money: transparency and educativeness are the traits I look for.
We can connect and I can share my experiences.