All Forum Posts by: Ruchit Patel

If you are open to moving, why not house hack, right!!

Otherwise, either you find an experienced investor to help you with everything or you go through the journey of learning all, analyzing all. Networking in local meetups would be a good start.

I personally invest out of state ( I am in CA ). 

Scott, love the story and dedication at such as young age. I would hate to see you not getting a good deal or not being able to get a loan.

Yes, the traditional loan might not work for you, but there are enough lenders with creating financing strategies. 

$30,000 can do wonders if managed right. Please message me and we can discuss details. I can give you a jump start and save you months of research in one phone call. 

If you have found deals that cash flow that much for the price you are putting as down, I would not care if the market dips as long as the tenant is paying!! 

Where are you investing?

I think you should do everything you said. I tell people, do your diligence till you can have a good night's sleep!! 

People who don't want to do the hustle or can't trust out-of-state contractors, go for turnkeys from the trusted providers! That still gives 20+% return on the downpayment. 

Of course BRRRR will have way more returns.

I am in Cape Coral and Ocklawaha. 

Florida!! Closed 3 deals in last 18 months there.

I have experience in investing out of state. The peace of mind of investing out of state depends on how transparent and educating the team you get. 

My mantra was simple: I should be able to vibe with them well and I am willing to walk away even if I have 1% doubt. I spent 18 months doing that before I trusted someone with my hard-earned-saved money. 

Feel free to message me to learn more. 

What are your goals? Out of state BRRRR?

Just my two cents:

I have understood that only experienced and big players are able to do BRRRR in the bay area anymore.

Now there is a trend of investing out of state for bay area investors. 

 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.