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All Forum Posts by: Ruchit Patel

Ruchit Patel has started 5 posts and replied 378 times.

Post: Looking for Kansas City turn key property companies

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

Have you looked into Rent To Retirement to see if they are offering properties in Kansas?

I have invested in Florida with them.  

Post: Rehab vs turn-key for rental properties

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

There are enough threads here on BP regarding turnkeys including youtube channels. 

In brief, with a high-quality turnkey provider, yes, great passive income can be generated, however, this is not from 2012 to 2019 anymore. High cash flow without any resistance, days are pretty much in the past. 

With investors, turkey providers are also adapting. You need to deal with the right ones and still be prepared to have hot high-expected returns. 

I am from California and I have invested with turnkey providers. You can dm me if you want to know more details. 

--Ruchit

Post: Rent to Retirement?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305
Quote from @Patrick Bavaro:

@Jeffrey Ascough Happy to update! We are currently in the process of starting to go vertical. Finished the foundation about a month ago, but had some delays with Hurricane Ian. The next draw of funds just took place. According to the builder, it should take 6 months to finish. We will see. Overall, R2R and @Zach Lemaster have been true to their word and great to work with. I still have some things to work out with the builder, but its to be expected with any new build project. Progress is slower than I'd like with the builder, but its still progress. Feel free to reach out with any direct questions. Im planning to do some other new builds with R2R as well. 


Thanks for the updates. Helps a lot. Do you mind stating specific dates of when did you bought land, closed on the loan, got permits, etc. 

Thanks again.

Post: What would you do with $1,000,000 cash?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

It's all about your personal preferences and risk tolerance, and willingness to put in the hustle! So not sure, how much people's opinions will matter to you.

Still, I will fuel my fundamental human desire to advise someone to feel powerful :))

"If I were you, I would fund build-to-rent projects in high-class neighborhoods and make crazy equity."

Post: Turn-Key properties in Florida

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

Maybe check out rent to retirement, not sure about Orlando, but there are enough threads of people buying turnkeys in Florida with Rent To Retirement. 

Post: International investor looking to get started with rental properties

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

If you are not in the USA, first of all, you would need people with absolute trust and expertise!! 

That's a completely different challenge than finding the right market, deal, etc. 

I would focus on that and start there.

For you, literally, your network would be your networth! 

Post: Buying vs. Building

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

to maximize return, of course, building wins. Permits, and lenders, and coordinating with builders will require a lot more hustle, and the entire process will test your patience. 

If you have that, it's worth doing. 

I am doing in Ocklawaha, and Cape Coral. 

Post: Getting into RE Investing, Focus on Out of State Opportunities

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305
Call bunch of turnkey providers and see if you vibe with one. That's what I did, and now I invest out of state. 

Post: best areas in Florida for investment

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

Cape Coral, North Port, Poinciana, Ocklawaha.

( I own in Cape Coral, and in Ocklawaha.)

Post: House Hack in expensive SFL market, or Invest Out of State

Ruchit PatelPosted
  • Bay area, CA
  • Posts 383
  • Votes 305

Everything is harder at a 7.5% interest rate! 

But still breakeven or slightly positive turnkey deals exist in Florida.