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All Forum Posts by: Ruchit Patel

Ruchit Patel has started 5 posts and replied 377 times.

Post: NEW TO REI AND WOULD LIKE TO CONNECT WITH OTHER LIKEMINDED PEOPLE

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

In the beginning, while learning through the internet, also great to have a mentor or experienced person to guide or lead. 

If you want to ask question in depth, feel free to message me, and also as per your preferences, I connect you with some of the experts I know who enjoys educating. 

@Zach Lemaster

--Ruchit

Post: New Investor - Looking to Learn Specialized Knowledge

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

I see you quoted me. Like I said in one of my posts, please message me through the "inbox" portal by sending a "colleague" request and I will advise you or connect you with my mentors as per your future goals. 

Post: Deciding between Out of State Investing or a House Hack?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304
Quote from @Jordan Foster:
Quote from @Ruchit Patel:

Only two things need to be checked mostly:

If you can afford the house in your area and if after a year, rent can cover the mortgage, house hack will make you more net worth over time.

Someone like me, living in the bay area of California, neither can afford a house near my job, nor rent can cover a mortgage. So, by paying rent, but at the same time, investing savings out of state in a good neighborhood, will give me a higher net worth over time.

( small secret benefit of out-of-state investment no one talks about is; that you leave all headaches on your property manager, your realtor, your advisor, etc. I like passive income, so works for me )

Got it? Let me know if you want to talk to the team that helped me.

--Ruchit

Hi Ruchit I would love to talk more to you or the team that helped you.  From what I've seen, my market is pretty similar to the bay area, but maybe not quite as steep.  I have a couple questions for you if you don't mind.  First, do you have any favorite resources that you used for learning about investing in out of state markets?  Secondly, how will my ability to get a future loan be affected if the first loan I take out is for ~700k?  Will I still be able to get more loans down the road or will my d/i ratio be too high?

Thank you and hope to talk soon!

I like to keep my replies, general for most of the audiences in posts. For your specific case, feel free to message me and we can talk there. From there, email or call, whatever works. I just like to help. 

Post: Deciding between Out of State Investing or a House Hack?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304
Quote from @Jeff Gattens:
Quote from @Ruchit Patel:

Only two things need to be checked mostly:

If you can afford the house in your area and if after a year, rent can cover the mortgage, house hack will make you more net worth over time.

Someone like me, living in the bay area of California, neither can afford a house near my job, nor rent can cover a mortgage. So, by paying rent, but at the same time, investing savings out of state in a good neighborhood, will give me a higher net worth over time.

( small secret benefit of out-of-state investment no one talks about is; that you leave all headaches on your property manager, your realtor, your advisor, etc. I like passive income, so works for me )

Got it? Let me know if you want to talk to the team that helped me.

--Ruchit


Ruchit would be interested in talking to the team that helped you if you would be willing to pass that info along. Thanks! 


Feel free to message me and we can talk more.

Post: New Investor - Looking to Learn Specialized Knowledge

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

Message me and we can talk more in detail as per your future goal. I won't mind connecting you with the experts helping me.

@Zach Lemaster

Post: Deciding between Out of State Investing or a House Hack?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

Only two things need to be checked mostly:

If you can afford the house in your area and if after a year, rent can cover the mortgage, house hack will make you more net worth over time.

Someone like me, living in the bay area of California, neither can afford a house near my job, nor rent can cover a mortgage. So, by paying rent, but at the same time, investing savings out of state in a good neighborhood, will give me a higher net worth over time.

( small secret benefit of out-of-state investment no one talks about is; that you leave all headaches on your property manager, your realtor, your advisor, etc. I like passive income, so works for me )

Got it? Let me know if you want to talk to the team that helped me.

--Ruchit

Post: Investing in the US from overseas?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

Florida is an excellent place to invest now, and the government is foreign investor friendly and tax-friendly! 

Message me and we can connect. I will share my experience and see if you want to try that path.  

--Ruchit

Post: Suggestions on Scaling!- Second Property Opportunities

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

As New York is expensive as California, I started with out of state. 

With the right people and the right team, it is possible without obstacles. Would you like to connect? I can share my story and see if you like that path.

--Ruchit

Post: Rent to Retirement?

Ruchit PatelPosted
  • Bay area, CA
  • Posts 382
  • Votes 304

Dylan,

I also have a deal with RTR. Are you still interested in learning more about it? Are you also looking to invest?

@Zach Lemaster

--Ruchit

Thanks for sharing  Trevor. Congratulations on the big fish.

Can I ask about your motivation to sell and not to rent? Do you mind sharing your plans with that big paycheck you have!? 

--Ruchit