All Forum Posts by: Ruchit Patel

I have made out-of-state investments. I know the mental dilemma and challenges of it. As a beginner, you better find good people to lead you as I did. Message me and we can connect. I will share my story and then you can see if you want to go with that path. 

If cash flow is a priority, definitely midwest win over Texas. But which deal is passive and safest with good cash flow, that's where having experience is essential. 

--Ruchit

Yes, there has been a good number of companies providing services for out-of-state investment. Having a call with them is a good start, however, as a beginner, it's also challenging to ask the right questions!!

But that's how I learn most things I know now, by talking with more experts!! Keep doing that. In the end, I decided to trust the one who was most transparent and educative and now I invest with that company. 

We can connect more over messages if you are interested. 

For land, mostly you have to purchase with cash unless the builder is giving financing.

For construction, most of the traditional lenders are ready to fund full if you are planning to live inside. 

I think it sounds normal. Go for it. 

I don't see any questions or concerns here!! 

-- Happy wife, happy life

-- House hacking definitely boosts networth.

Both boxes are checked!! 

Hello Mandy,

Out-of-state investment can be scary, and also hard to manage. I do with reliable people I trust. Message me and I will share my story and see if that's the path you want to explore.

--Ruchit

Hello Garrison,

I don't know much about that market, however, I know people who know a lot about it. Have you tried talking with a company called RentToRetirement?

@Zach Lemaster

--Ruchit

Congratulations on a great deal. Yes, HELOC snowball is real, you will be on a ride of buying free houses!! ( but yes, can't get greedy with it )

Depending on your future goals and preferences, people can advise you. Can you please briefly talk about that? 

If you are looking to invest completely passively and learn while doing it, I know excellent people I work with.

Congratulations on having that much cash which puts you in a position to ask this question! 

Now speaking of your question, I say, better to ask how to achieve what you want, instead of asking what can be done with the money. Luka summarized this in an excellent one-line! 

Never forget, there are tons of people online offering great turnkey investments, passive investments, etc. So what to do with money or what to do in real estate is an easy problem, however, what you want or what will make you fulfilled in a few years or what you won't regret doing/trying is the right question to ask.

Anyhow, enough of me being philosophical, now to your question:

If you are not very risk-tolerant, I say cash-flowy turn-key properties, recently repaired and fixed is the way to go to make good passive income. Reach out to me if you have more questions.

Few things:

- growing pains,

- happy wife - happy life, 

- 60% salary hike will cover all extra expenses.

I would move out.

(I won't mind hopping on a call if you need someone to listen to or need an independent opinion)

--Ruchit

Looks like you are already in Florida, one of the great markets in recent years. You will see plenty of great opportunities around once you dig deep. While you are doing that on your own and expanding your knowledge, feel free to message me, and I would like to educate or help, and if needed, connect you with the team who helped me when I was a beginner to invest. 

@Zach Lemaster

--Ruchit