All Forum Posts by: Ruchit Patel

Have you thought of investing in US market? Good turnkeys?

There are already great pieces of advice here, so I won't repeat them. 

I came to this country on an F-1 visa, exactly 5 years ago. So, if you need to talk with a person who has been in exact same boat, feel free to message me.

The beginning is always difficult. 

That's a great way to start.

( just my 2 cents )

I highly suggest finding a group through meetup.com or Biggerpockets tools.

Also, if you already have enough money saved to invest, people will have more tendency to lead you and help. 

These are all great questions, looks like you have the right mindset. You are going in the right direction.

If you are not planning to retire in the next couple of years, and refinancing, buying a great deal in a good area in which cash flow more than your extra mortgage payment is the way to go. An extra $176K can easily give you $1500 a month cash flow passively. 

That's for passive turnkey investment. If you want to actively do business, then that's your seed funding!! 

Let's connect more if you would like to talk in detail. I always like to learn about people's journeys when they are starting out. 

It's great to see that a family is considering investment the moment they are in the USA! That shows how powerful the US market is compared to other parts of the world. 

If you are really new in real estate, I highly recommend doing deals with experienced people/mentors. 

Can you make it clear; are you looking for advice on the deal you mentioned or you are simply looking for general investment advice in real estate? 

Also, why would you pay cash for the deal when you can leverage your money and boost your net worth by a big margin? 

When people use the word "creative funding", it's just another way of saying someone else's money, and that money comes with interest and risks. As you are just starting out, I don't want to recommend any hard money lenders, etc. I really hope you find good/friendly/local contractors and lenders, to achieve your goals. Keep looking in BP forums, you will get something. 

In two sentences, can you tell, what helps you are seeking?

Please only take this kind of advice from lawyers and not from random people on forums.

If you want, I can connect you with my lawyer.

What are you planning for the first step?

House hacking? Flip? Out-of-state turnkeys?

There was never a wrong time to purchase good real estate in the history of America. The availability of a total number of good deals differs in a different economy, but they always exist and never fail to make good money! 

Message me and just from the internet, I will show you 10%+ cash flow deals and also teach you how to evaluate their conditions.