All Forum Posts by: Ruchit Patel

Yes, you won't qualify for a traditional mortgage but that doesn't mean you can't buy real estate. There are many other types of loans and most importantly, there are other creative ways to get real estate. You just need to be connected with the right person. 

If you have $150K cash with you, then congratulations, you are in a great position and you will be able to tap into great deals/markets. 

The USA is filled with great deals and high-quality turnkey providers. Now it will come down to you being able to find trustworthy high-quality companies to invest with. 

I don't want to market any names, but I have interviewed enough and invested with one. If you are invested, you can message me and I will share my experience. 

There are enough deals in America to make money. If you feel like you are being exploited, nothing is preventing you from walking away and finding a better company. 

In-general, turnkey provider means, they rehab the house and make it ready for the tenant. I think you are dealing with not-so-high-quality providers. 

I invest with turnkey providers too and have interviewed many companies in my learning phase. Never saw the problems you mentioned. 

( just my two cents )

Yes, no past experience in real estate, turnkeys can be a great way to start! Why not learn by doing it with an expert!! 

I think Dallas has become enough saturated that cash flows are almost impossible, and buying in the midwest of some parts of Florida has become the new norm. 

So there are plenty of turnkey providers offering deals in the midwest but not in Dallas. 

I have invested through a turnkey provider too but in Florida. 

I live in the bay area of California and after looking for 6 months, I could not find what I could afford. So I had to look out of state. Since then I have been investing with the turnkey providers. If you wish, we can connect and I will share my experience. 

The USA is a huge county and opportunities are endless. I tell people, don't worry about area or market, worry about having trustworthy people with you experienced in the subject. Where do you have that? Invest there. 

It will be tricky to fix a house with $50K after a downpayment, but you can definitely purchase a turnkey cash flowy property somewhere in the midwest. $50K can buy you a $250K house or a $200K home with 25% down. That's not a bad price range at all except for big metro cities. 

However, Seattle might not work out. I lived in Seattle for 2 years. 

Check out some turnkey providers if they have good cash flowy deals. That's what I have been doing for the last two years. 

 Feel free to direct message me for more specific questions. Let's keep the forum for general answers.

Yes, I do have recommendations for turnkey companies. I have interviewed enough and then worked with one for two years now. 

Speaking of markets: Never forget, the USA is too big and filled with tons of opportunities. You are never buying the whole market, you are buying one house. As long as the city is growing, jobs are coming, your deal cash flows, and you know the right trustworthy people there, you won't lose. 

The best way to learn can be learning by doing it. 

In the beginning, maybe, you can buy small properties with a turnkey provider, buy & hold it, enjoy the passive cash flow, and learn from them.