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All Forum Posts by: Ruchit Patel

Ruchit Patel has started 5 posts and replied 378 times.

Post: How do I turn $55k if $1M?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306
Quote from @Account Closed:
Quote from @Sergey A. Petrov:

Go to a casino and see if you can do it in one night. Otherwise, with an average rate of return and some work, you can get there in roughly 40 years

I'd rather go to Thailand and live like a king for a month

 or you can maximize the growth of that $55K but learning-implementing all different strategies in real estate, hours and hours every day for a few years, then go to Thailand to live like a king forever with a cash flow big network!!

If done right, and with some luck, certain construction contracts or flips can make you 80% to 100% returns per year, especially with the smaller principal! I have done it in the past. 

Feel free to message me to know more.

Post: How to grow after first property

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

Are you still looking for out-of-state rental properties? 

Post: out of state investor - Building my team

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

I am out of state investor from California. 

If you are looking to share ideas and talk strategies, let's connect. 

Post: First time out-of-state rental property investment

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

I am in California and I have been investing out of state for years now. Message me if anyone wants to hear about my experience. 

Post: How would you invest $200K?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

If I were you, I would do what Karl said. 

However, if you are in areas such as California or New York, then rent will never cover the mortgage and you need some alternative investment. 

Depends on what you want in short term and long term, and depending on your risk tolerance, different things can be done. 

Such as midwest turnkeys for passive cash flow of $1500 on $200,000 down or funding new construction to play equity game to get another $100,000 in 18 months in Florida or buying notes with Norada to get 1%+ interest on the principal, etc. 

Regardless, real estate beats the stock market in peace of mind and in returns (mostly) by far!

Can you elaborate on your mindset and your goals? 

Post: Turnkey companies good or bad?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

Over time, few turnkey providers have lasted through the test of time and successfully made 100s of investors wealthy.  

Regardless of their reputation, it's your money and future on the line, so it's always advised to learn and do due diligence on your own. If you feel pressure to invest with a company by their sales guy, better get out. 

If you want to enjoy passive income without any hustle on your own, message me and I will connect you with some of the turnkey providers I have used in the past. I will share my story with you. 

Post: New Houston Resident Looking For Mentorship

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

Houston does have net positive deals. Returns might not be juicer. I think new construction is booming in Houston. So equity play is there. 

Are you looking to passively invest in cash-flowy properties and collect that income or actively house hack and manage on your own?

--Ruchit

Post: Sell or rent current primary residence as a way to start?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

If you are single, a house hack is mostly the best way to boost your network, otherwise, due to family constrain, you might have to fund out-of-state turnkeys or new construction. 

I don't believe in analysis paralysis. It just means new information is not answering the questions you still have in mind. One day, better jot down all your hesitation and then start addressing them one by one. 

Feel free to message me/call me to understand how I overcame hurdles when I was starting out. 

Everyone's different. Don't feel bad about taking more time to think and then doing it.

Post: California Buyers Question

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

Well, depends on the buyer. 

But in general:

- the least amount of repair

- vicinity of malls, schools, parks, jobs, etc. 

- local crime-rate 

Are you a buyer or a seller?

--Ruchit

Post: Line of Credit on Current House

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 306

What is the question here, Phoenix?

As long as interest on your line of credit is less than your cash on cash from investors, you will have no problems. (unless your tenant goes bankrupt)