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Updated 10 months ago on . Most recent reply
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Feedback on RentToRetirement and Zach Lemaster
We're just starting to look at out-of-state investment options, turnkey providers being one choice, and I am wondering if anyone has had any recent experience they'd like to share about Zach Lemaster and his company, RentToRetirement, specifically in Birmingham and Memphis. We are in Vermont and would love to hear from anyone who has purchased from afar and if you had a good or bad experience with Zach. Thanks!
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@Timothy Swaan My plan isn't overly complicated, but I think where most people fall short is simply not CONSISTENTLY following their plan year after year! Right now I have 8 SFRs that cash flow $250-$350/month net (actually more when I don't have any vacancy or maintenance). I also have 4 SFRs I own outright with no mortgage that cash flow $700-$1,000/month net. Three of these I bought through my SDIRA, and the other one I've used the cash flow from my whole portfolio to aggressively pay down the mortgage on over the past year. This accelerated debt pay down strategy really helps to increase cash flow without having to own a huge portfolio. My plan for this year is to acquire at least two more homes, and to pay one more property off. Each time I add another property to my portfolio & pay another one off, my income increases to be able to use as a downpayment for another home, or to put towards paying another one off. It becomes easier & easier every year as my income increases. Within a few more years I should be at $10K to $12K per month from passive income, which is the goal I've set for myself to quit my job and actually retire! Zach & his team have been an essential part in helping me to develop this strategy, and most effectively execute it to make my passive income goals a reality!! I Never would have thought I would be where I am today a few years ago, but it all starts with that first investment property. Can't thank these guys enough!