All Forum Posts by: Ruchit Patel

I have worked with multiple turnkey companies in the recent past. I can explain their business models and talk about the quality of deals they offer as well as the customer service they provide. Feel free to message me, then I will answer more specific questions.

In general, they like to keep their principal rolling to boost their net worth instead of cash flow. That's why they are deciding to sell after rehab instead of holding. Now, there are enough sellers in the fix-flip business, so some people decide to also offer their property management side to attract buyers, hence turnkey business came into existence. 

Yes, I agree that many turnkey providers don't do high-quality work and try to deploy the property to newbie investors out of state for a high margin, however, in a long run, only a good company survives. There are good turnkey providers with good customer service, they do exist, and unfortunately, some scammers also exist!! 

There are many types of loans and not every lender provides every type. Most non-W2 people are forced to believe that they can't qualify to buy a house, till they find an experienced lender/agent.

I can connect with a guy I know who has been helping non-W2 people with loan for years now. 

Yes, that's a common issue in most big cities. That's why there is a trend of investing out of state. 

If you are willing to do that, I can advise. 

The country is filled with good deals, however, for a total price of $100K, you have to look in 2 out of 5 or 3 out of 5 stars neighborhoods. 

Can you elaborate on your goals? In-general, if you choose to leverage money, a lot of cash flow can be made with $100K down. 

I am from the bay area too and investing for the cash flow. Let's connect.

Which strategies you are going for a first deal?

I am from the bay area California and live in the north of San Jose. Because I don't see myself living here forever, instead of starting with buying a small primary house, I opted to invest out of state. 

Honestly, I agree with every answer on this post, and now it comes down to do you see yourself living in Sacramento for quite a few years or not. 

Sounds like you are good at hassle and hustle both. For a 100% passive investor, purchasing high-quality turnkey is the answer and for someone like you, more new construction is the answer as it brings more money. 

Speaking of 4% interest on HELOC, cash flow from your investment property can pay that easily. For people who need cash flow to retire, for them the 4% is a lot, I guess not for you.

If you are going through hours of video lessons and then reading books, I say you are doing a perfect job. Keep it up and once you know enough, naturally you will be able to take action. 

In general, investing out of state is a lot about trust and comes down to having the right people with you. I have been doing out-of-state investing for two years now, but before that, I spent 18 months only researching because I could not trust/vibe with people I came across with. But hey, you only need one! so worth waiting. 

Feel free to connect with me and message me to talk more. 

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