Rent To Retire

[Murray Reginald]

Hello,

I was listening to the BP Podcast and heard a commercial about a company called Rent To Retirement, I was wondering if this would be a good investment strategy to obtain a good cash flow, ROI has anybody ever used a company like this? They have all of the numbers calculated however, I am not sure how accurate they are. I am new to investing and would like to know your thoughts.

[Zach Lemaster]

@Murray Reginald

Thanks for the interest!

We've found turnkey to be a great way for people to get started investing to build a strong foundation, especially if you are looking to invest out of state for any reason. It provides an opportunity for you to tap immediately into a network that you can expand on over time, learn the rope & ultimately apply systems learned to your own deals if you so choose. Obviously make sure you are investing with a reputable team, and that the overall investment opportunities meet your goals.  Regardless of where you are buying investment properties (TK or otherwise), always make sure to go through all normal due diligence with proper inspections, appraisals, title work, etc.  Also, make sure to always run your own numbers, but also know why you are putting the numbers in your calculations that you are, especially for things like insurance, taxes, rents, maintenance, vacancy, etc.  My best recommendation for you is to speak with multiple teams & explore a few different markets to determine who you feel the most comfortable working with. Then it's all about taking action and staying consistent. Many people start with TK & go on to build their own portfolios to be a more active investor & many people continue to keep investing in TK across multiple locations if they prefer to be less of an active investor. Nothing wrong with either strategy as long as you are growing, learning & staying down the path to reach your investment goals.

Here are some other forum threads that talk about TK in general and RTR that may be useful if you want to continue down that path.

Feel free to reach out anytime with questions & best of luck to you on your investing journey!

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/44/topics/1058814-first-time-with-new-construction-cape-coral-fl?highlight_post=6055029&page=1

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/co/RentToRetirement