Rent to Retirement-- Florida New Builds

[Don Tarinelli]

I have seen several great reviews on BP of Rent to Retirement.  I am looking to see if anyone could give me a review on their Build to Rent program in Florida.  I am a busy professional looking to build my rental portfolio, so this option is very appealing.

TIA for sharing you experience.  

[Zach Lemaster]

Everyone on this thread please read this.  If you have lending questions, please reach out to your RTR rep to discuss the best options available for you.  Not everyone can qualify for the same financing options.  If you have construction or investing experience you likely will have better options available to you w/ less down than if you have minimal experience.  Also the state you live in has an influence on what financing is available.  For example, CA residents are restricted from joining local credit unions that offer some of these 10%-15% down options.  How you plan to use the home also has an influence on loan terms.  People that would build these for a primary residence or second home would have different options than pure investment property financing.  Your RTR rep will direct you to the best lending options based on your scenario so you are not spinning your wheels going down financing paths you would not qualify for.  That provides the most efficient and effective way to assist everyone that is interested in building with us in this location.  It would be important to know that if you are qualifying for a construction loan in for a property <$300k with ~$70k down (and you are not a builder yourself), that is exceptional construction financing made available to you!  If you don't have experience in the construction field, you would likely not qualify for most construction lenders, or they would want 50%+ down in many cases with unfavorable terms.  Hopefully this adds some clarity to what loan options are available.  Your RTR rep will be able to guide you down the right path based on what they know about your situation & goals for the property.