All Forum Posts by: Eric Nguyen

@Brandon Terrazas

We have purchased over 10 properties with RTR over the past few years so I think we have a pretty good perspective on actual performance.  Generally I can say that most numbers have panned out as expected.  There are always going to be some variability in performance.  The biggest variable is probably the tenant, but I think they do a very good job leasing properties quickly & keeping tenants in place which is the most important aspect in my book in a successful portfolio!  Lending rates are always changing, and taxes may vary year to year, but this is going to be the case with any property you purchase.  Some of our properties have done way better than projected, and a couple have slightly underperformed, but nothing dramatic.  This is why I feel it's important to have multiple streams of income across multiple properties as it all balances out over time.  Pro formas are just projections for numbers, not guarantees, so go into it knowing that.  Ultimately if you have a solid team in place that helps you navigate issues that arise you will be successful.  We are still buying with RTR, and still recommend them to anyone considering buying with them.  The ongoing assistance, mentorship & guidance has been tremendous throughout the years I've been investing with them!

Our biggest advantage right now is how good financing is with such low interest rates.  Downside is it makes it kind of a seller's market so cap rates are compressed some!

@Eileen Wang

I'm happy to help, and I'll gladly recommend anyone I've had a good experience with like rent to retirement because I feel it's actually quite rare to find people that really go above and beyond for customer service.  Once you find the right people to work with, your success has no limits!

For us this is a pretty passive process, and that is why we decided to invest with rent to retirement in the first place.  We are busy professionals focusing on our careers so we really don't want to be involved in the day to day.  We are always kept up to speed on how the properties are performing, but it's minimal time involved.  Every month we get a detailed statement of accounting & performance of our properties, and we can easily reach out to management if we have any specific questions.  If there are ever any maintenance or tenant issues they simply handle it, and let us know the situation & how it was resolved.  So pretty hands off, and that is the goal.  We do have our CPA that does all our taxes for us, and we simply forward the management reports to our CPA.  As mentioned previously in this thread the RTR team will assist with all aspects of investing from tax, legal, accounting, financing, SDIRA investing, 1031s & overall strategic planning to scale over time, and that is at no additional cost to investors.  We have found that to be extremely beneficial.  Even our CPA is a professional real estate investor, and was referred to us from the rent to retirement team.  They are an invaluable resource! If you haven't already, I would recommend reaching out to them directly to ask some of your specific questions about how much time is involved as I'm sure this can vary, but feel free to message me with any questions as well.  Just forewarning though, I'm likely slow to respond. 

@Bobby Gill

Actually seems like pretty cheap hard money to me.

Overall losing population, but a great area to invest for opportunity zones, cheap MF & other tax benefits like 15 tax abatements.  Depends on your strategy

@Jake Tolton

Overall very good experience working with rent to retirement. I've purchased many turnkey rentals from them, and have no plans to stop anytime soon. Good communication, quality rentals, growing markets, etc. All the right things I'm looking for to build a rental portfolio in a market. All tenants are paid in full on time every month so no affect from covid thankfully. We have a total of 16 doors with them at this point. Let me know if you have any specific questions.

@Gohar Shafiq

We've seen fairly decent appreciation in these areas, and have successfully done a 1031 on a few properties to expand our portfolio.  No real different in buying off the mls vs TK in terms of being priced at market value.  If you want to find below market prices on properties you will likely need to put in some work on them, or inherent an unfavorable tenant, so it really depends what you're looking for.  Rehabbing homes to force equity can be another full time job, and have a lot of risk.  I like being more hands off & letting homes naturally build equity over time through appreciation & debt reduction as the tenant pays the loan down.  Add the cash flow & tax benefits/depreciation to RE investing & the returns are very attractive, even with modest appreciation.

@Vina Real

Please keep us updated how things are going, especially on the legal side.  Unfortunately, I just lost my entire $50k I put into a PPM (syndication) with a company that is telling me the deal went south.  I don't even know where to start in terms of verifying their story or trying to sue them.  No attorney seems to want to take the case on, so if you have recommendations please do share.

Likely a home $140k and below if looking to put 20% with conventional financing.  Might want to consider the midwest for this price point.

2nd wholesale we ever did in 2012.  Did a double closing on a property we locked up for one week at $260k.  End buyer bought for $380k, closed in 3 days all cash.  Although maybe I should have kept it as I looked it up the other day, and it's now worth over $800k...win either way!

@Michael Nguyen I've purchased multiple TK properties through RtR over the years and have been overall very happy. We were able to come into a few of the properties with equity, and the rehab on them seem to have been done thoroughly, and appropriately for the neighborhood class. I know they work in SFR, MF & new builds in a handful of different locations. Communication & mngt is prompt, which is important for an out of state investor. I've never worked with MemphisInvest, but what I gather from other threads they also seem to do a good job on rehabs & mngt. I think they both work in different markets.