All Forum Posts by: Ruchit Patel

I will tell you about my journey. 

Spent 6+ months, trying to figure out make a deal work and make money out of it. Even in 3% interest rate area, nothing ever made sense.

So hard way, I had to learn that I would have to invest out of state. Then I started interviewing turnkey providers so I don't have to reinvent the wheel in other states. 

Of course, you won't learn details of renovation in out-of-state investment, but decide why do you do investment. For me, it's clear, it's about money. My goal is to be wiser businessman and not more skilled in construction or renovation. 

Quote from @Tamara Aglaure:

Park City, Utah

 Tamara,

I had a deal in Cape Coral, most lenders bailed out on it, but one finally came forward and took the opportunity. He would be perfect. Message me, and I will share his contact information. 

Two ways to learn, slow and fast.

Learn from your own mistakes, I call it reinventing the wheel.

Learn from other's experiences, pretty fast learning curve!! 

if you don't have experience and you are overleveraging yourself, I would be very cautious and I would not do anything out of my area of expertise. 

Maybe a good turnkey investment could be an opportunity. 

Quote from @Joshua Amezcua:

Quote from @Ruchit Patel:

As long as you have money, and right network, don't worry about saturation. USA is too big and has too much money, everybody can win for now. 

Thank you for the encouragement! What would you say is the most effective/efficient way of growing my network?

networking is different than getting deals. You can connect with enough people through here, but when it comes to deals, you just need one good provider that fits your preference. Most people go turnkey route at beginning. 

Even at the beginning, it would cost $4000 to $5000 for everything. That's how much I paid. If you really want to do it, message me with your email address, and I will share my contacts.

As long as you have money, and right network, don't worry about saturation. USA is too big and has too much money, everybody can win for now. 

Yes, high interest rates are making almost everything unattractive. There are still some turnkey providers able to give good cash flowy deals. 

I invest out of state too. I love to talk about real estate. We can connect if you want. 

In-general, it's less about deal and more about people you work with. 

Well, to be honest, deal also has to be good, but my point is, never sacrifice working with good people over few % extra return. 

what type of business you are starting in real estate?

buy & hold or BRRR or management or something else?