All Forum Posts by: Ruchit Patel

I invest out of state and yes, there are juicy cash flowy deals in Ohio. Let's connect and I can share my experience and hopefully guide you.

I am from California and just like the current trend, I have been investing out of state for almost two years now. 

We can connect and chat. 

Can you specify, what are you trying to do?

Flip or house hack or passive cash flow or something else? 

I have worked with them (RtR) over multiple deals. We can connect, and I can answer your questions/concerns. 

Young, good salary, and no-time: turnkey properties out of state would be best!! 

For Florida, if in your area, numbers are not adding up, ( like me in the bay area CA ), Cape Cora, Lehigh, and nearby areas are filled with great deals for new construction and cash-flowy deals. 

Good luck on your journey, in case, if you want insight into passive investing, out-of-state investing, or equity play with new construction, let me know and I can help. 

Ping me, and let's connect. 

I would gladly direct you in the right direction in your real estate journey, and I can use your marketing insights for some of my adventures. 

Dave Ramsey chronically says that numbers don't talk about risk, especially % ROIs, future expected gain value, etc, etc. 

A lot can happen in 5 years to those areas, or house, or economy, or to your life. It's highly not recommended to do what you are mentioning. 

Rather, getting cash flowy assets generating more cash flow than your interest rate HELOC, would be one of the best ways to proceed.

$80,000 can provide $500 to $700 cash flow a month beyond other benefits if done right. 

I am out of state investor for cash flor for many years now, based out of California. 

I have been buying cash-flowy properties out of state for two years now, I can share my insight and share contacts if you want. 

In general:

- you need to buy property where cash flows more than your HELOC interest.

- There are some lenders I know, that are willing to consider future rental income as part of your debt-to-income ratio and preapprove accordingly. 

- Improving credit and starting deploying your $350,000 can be done in parallel. While you find a property, put it under contract, execute the transaction, then look for another one, etc will take time.