All Forum Posts by: Ruchit Patel

Are you saying, you are looking to purchase cash flowy properties out of state?

--Ruchit

Hey Lukas, I think you are killing it with your mindset and drive. Keep it up, the way you are navigating through life, I have no doubt that you will find the best possible answer by yourself.  

If rent can convert the mortgage, yes, house hacking would make sense even after you leave your primary house for schooling. As a beginner, BRRR can be tricky especially if your 18 hours of a day are occupied with a job and sleep!

I came to the USA on an F-1 visa, it's been almost 5 years, and on the same path of having income outside my job. Glad to connect. 

Definitely, with rise in the interest rate and government printing money ( appreciating hard assets ), it's been challenging to see as high cash flow as it used to be a few years ago. 

Search this on YouTube and you will find plenty of people walking you through the calculation. 

For specific advice, you can message me. 

--Ruchit

Hello Antonio,

Congratulations, that is remarkable and worth celebrating. Real estate can definitely begin a 20+% per year, overall net worth boost, almost guaranteed in a good neighborhood, because of leverage. With more patience and hustle, people are able to get 50% or even 100%+ returns in two years' time. 

I have dabbled in a few things over the past few years, and I can provide my perspective from my story. Let's connect via message and then set up a time to connect via Zoom.

--Ruchit

If you are a "take action" type of guy, then you can try learning by doing it. I mean letting turnkey providers do the background work, you purchase, you enjoy the passive cash flow, and pick their brains constantly to learn more. Is that something that works for you?

I can answer all those questions. Message me and we will connect. Texting works for general advice, but not for specific Q&A. 

In general, total interest throughout construction should be calculated and kept in mind before signing a deal, it's not much. Don't forget, interest is only on the money borrowed, so first few months, you barely pay $100. 

Hello Mustafa,

You have the right mindset. With the right people, it is possible to invest in the USA being an international buyer. However, good properties under $100K prices are tricky to find, especially in an emerging neighborhood. If you are young, leverage is a great tool to boost net worth. 

Message me and I will share some of the contacts of turnkey providers I trust. 

--Ruchit

That's a lot of equity, Anthony. Sorry for what happened to you in the past. It is in no one's control, but taking your financials into your hand for the future is!! Let's go.

The bank/lender won't allow you to cash out all, 900K. You can use the money to buy good cash flowy properties, where cash flow is more than the interest on money borrowed from your equity. That way, you don't have to sleep every night thinking about one new bill to pay. 

It's not challenging if you have time to learn online, or you can find experienced people doing the same and let them lead you.

Now, these are just general suggestions, for specifics, a lot needs to know about you such as, how much money you need to quit your job, in how many years you would like that, and how's your risk tolerance. Do you have any other debt right now, etc etc? 

Managing money is an art and I would be happy to hop on a phone to discuss details and also share how I invest out of state to eventually quit my job. 

So hard to answer without knowing your risk tolerance, and future goals. 

However, signing the construction contract after buying land in a high-star neighborhood, generally will have the greatest ROI over two years.

I did one last year. 

Jake, just wanted to come back and ask if you had any progress or luck on buying an out-of-state rentals.