All Forum Posts by: Ruchit Patel

Congratuelations

I have found enough bad stuff about Morris's investment online. So definitely not worth trying that. 

I can talk about services of rent to retirement, rootstock, doorvest from my experience. 

Why buy stocks where one tweet from Trump or Elon can dramatically reduce your net-worth!! That's the headache not worth it. 

You can easily buy $1.2M worth of cash flowy properties with $300K cash with 25% down and makes an ever-increasing steady income. 

Even if you don't want to spend time learning about real estate, you can simply buy from high-quality turnkey providers. That's what I do. If you want, I can share my experience. 

Congratulations on the website. Looks great. There are some discrepancies in numbers between the website and the downloadable excel sheets, but I am sure you are aware of it and it will be fixed. 

I think big turnkey companies must be paying a lot to Google to keep their website on the top page, so I don't think it would be wise to compete there, but here on biggerpockets, you might have some luck gaining the attention of investors. 

Hello Troy,

I was in the exact same boat, 2 years ago, and I got overwhelmed by the information available on the internet till I found a good turnkey provider who educated me on relevant things. 

I can summarize all 3 questions with one answer: as a new investor, you need someone with you who has done the same thing many times in the past. Turnkey providers are literally that. That's how I started.

Feel free to contact me personally to learn more. I enjoy talking with new investors. 

Sounds like you want to keep risk almost 0 as you don't want to use leverage. That is totally understandable, however, houses might not be very appealing at $150,000.

Maybe you can find the sweet spot, where you put 40 to 50% down, and get something decent in a good neighborhood. Just saying. 

Another way to minimize risk would be to start by buying from a turnkey provider. Because they do all the homework, so you get a headstart. That's how I started. 

Hello,

I own a brand new shiny 3bd 2ba house in Ocklawaha and looking for a rent-to-own tenant. 

Logic is simple: the renter gets to live in a house like an owner from day-1 without paying any closing cost while I don't have to be the landlord fixing their issues as a tenant will take care of the house because they will be the future owner. 

If any agent or broker can bring this type of tenant, I am willing to give an assignment fee. In return, I am looking for foot-on-the-ground as I don't live there.

--Ruchit

One of the ways to start with a cash flowy deal can be buying turnkeys out of state. That's how I did it. You can think about that! 

Empirical rules don't always work, and that's why they are called empirical, otherwise, they would be called fundamental laws of thermodynamics!! 

We live in pretty unique economical times, and of course, we just had a global lockdown due to the pandemic! We should be expecting normal times!! 

Now coming to your question, you can forget empirical rules of 1% or 2%, and simply start looking for a property that would at least break even, and then you hold forever praying you never get unlucky with your tenant! 

That's what I have been doing during these times. The future will be bright if you own real estate, but the present might just look normal. We can talk more if you wish.

You might have to buy something in Ohio with that money. I have seen cash-flowy properties at that price point. 

AZ would be challenging.