All Forum Posts by: Ruchit Patel

Hello CJ,

Excellent question, I know many people in the same boat, including myself a year ago. How I overcame that barrier, I can explain and help you. Let's connect.

Speaking of analysis/paralysis; I strongly believe that it's better to be in that zone instead of being reckless with money. Don't worry, you just need proper guidance and someone to lead the way at the beginning. 

I am no expert, but I can share my story of overcoming and taking the leap, and I believe @Zach Lemaster would be the proper expert to lead the way. 

Good luck, Ruchit Patel

@Zach Lemaster and his company have excellent deals in exact same city! I suggest you should connect with him and get educated, and if make sense, invest with him. 

Hello Christian,

Are you looking to learn to invest now or in the future? Yes, there are more than enough resources online to learn, but if you are also looking to invest, then you don't necessarily need to wait till you master real estate. There are enough experienced people, you can be partnered with or pick their brains or let them manage your money at first, and that's how you can learn by doing it. 

--Ruchit

If you don't mind, can I ask what is real estate mailers?

Thanks in advance.

Hello Nicholas,

That's a good question. I can answer that in two ways, one long and one short.

Long answer: First, you would need to understand all the parameters that affect real estate pricing, historic patterns, micro and macro economics, federal policies, and more. Then once you realize what is considered good for real estate, then you explore the entire country to see where those parameters are happening, and then you look for good deals. It can take months if not years. 

Short answer: You, simply, find people who have done this 100s of times and pick their brains :)) such as @Zach Lemaster and his company. That's how I learned, btw. 

What would you prefer?

--Ruchit

Hello Rachel,

By law, can't buy a house without a 20% down payment unless you buy a primary or secondary house, or you buy with some of the lenders that offer a 15% down option. 

Looking at the overall market in general, you would need an extremely good and rare deal to get what you are looking for, however, renting it by room or short-term rental in a good touristy area can definitely give you high cash flow for the price range you are considering. 

If you have the required knowledge, BRRR is the way to go to have juicy numbers with every deal. If you want, I can show you or connect with people who deal with high cash-flowing properties in different markets and see if you like something.

Good luck,

Ruchit

Hello,

House hacking is a great way to start. I think you have the right mindset. Speaking of having a good US credit score, that takes only 6 months after you purchase your first credit card as long as you pay it fully every month. 

To qualify for traditional loans, one does need two years of W2 history, you can find an expert online to check if the job in Canada counts towards getting pre-approval. 

Florida is one of the fastest growing states in recent years, I strongly believe that investment there will make you good money, I personally invest there. However, in the beginning, I strongly recommend having contacts and the support of experienced experts. Yes, it's best to learn by doing it, however, doing it with a mentor saves you immense time and money. 

That's how I started, and if you want, I can provide you with the contact info of some of the very educative and transparent real estate mentors I know. 

Good luck,

Ruchit