All Forum Posts by: Ruchit Patel

Yes, buying from saved income from W2 is challenging and takes time. All have to go through that in their early phase of investment. The grind is real!! 

Speaking of price point: Yes, not all markets are affordable to everyone. I am in the bay area, California. I spent 6 months trying to buy something which make sense, and nothing did. So, then I spent one year looking for people I can trust to invest out of state while saving money aggressively.

Dave Ramsey says, when you can't afford a house, go 30 min far from work, find a not-so-good home and live in it. The goal is not to get your dream house as the first house, but the goal is to use other houses to boost your net worth which catapault you towards your dream house. 

Text me and we can connect for more questions and insights. 

Are you going out of state or you are local? 

Regardless, having an experienced team and people you can trust is important. If you are looking to buy turn-keys or some cash-flowy new builds, let me know, and I can connect you with relevant people. 

Love that idea! You sound committed to long-term wealth. I think one of the deals I recently did would work perfectly for you. Message and we can connect over private message, I will tell you about it and see if you want to take that route.

Long-term appreciation means you would need a good deal in a high-stars neighborhood with the expected job and population growth. Also, build to rent or build to sell works great for equity/appreciation play. 

We will discuss further details. 

Can you share the location of it? 

1000 people will have 1000 different answers, for general knowledge, please go through Biggerpopckets podcast and website, there are enough resources. 

Are you looking to invest currently? Out of state? Do you have any specific questions? 

If it's local, you can literally talk to people around, if it's out of state, you can call local agents to get more confidence in your estimate. 

For out-of-state investment, way more diligence, and a trustworthy team will be required. Is it the case?

Tyler,

Are you still looking to invest in the US market? 

--Ruchit

Came across this post, were you able to make your first investment, Theresa? Since this post, 3 months ago. 

Everything depends on what you want out of the deal and what's your long-term vision. Would you like to elaborate what you are looking for?

Without knowing your future goals, your risk-tolerant, and the amount of money you save every month, very hard to answer your questions.

In general, better to start out with at least $30K+ cash to be able to buy basic cash flowy property in the midwest. 

If you can reach $60K+ saving in next year, then better to wait and do a much better deal with that money in some of the 4 out of 5 stars neighborhoods in Florida.