All Forum Posts by: Zach Lemaster

There are many different loan options that could assist you in this scenario.  I personally recommend checking with local credit unions along with Greg Ernst at North American Financial.  They have done many creative portfolio loans for us that have a diversity of terms.  Best of luck!

Give them an incentive to use the software IF they pay on time or especially if they pay early.  That has always worked very well for us.  If it makes things easier for them and if there is a benefit, they will not resist. 

@Jorge Barboza Jr.

Congrats on the first rental! The first rental is always the hardest to get under your belt. I personally invested in both REI heavily and small business for many years. There are different ways to invest in business. Usually those all come with much higher risk dependent on the business success, which has many variables. That is why I like residential RE! It's predictable & generally safe way to invest capital for a reasonable return if you are investing in a good location with strong fundamentals. I certainly wouldn't recommend just saving money as that is not only going to achieve the lowest return (assuming you are putting capital into a "high" interest account), but it also will delay your knowledge/experience that will allow you to progress your investing goals over time. So my recommendation is to find an investment strategy that works for you based on your goals & simply take action. Since you mentioned time is a limiting factor, then there are many passive ways to invest in REI. Turnkey can be a great way to expand & diversify your portfolio to growing markets throughout the US. It is also on the more passive end of the spectrum if time is a limitation. That is our area of expertise, so please let me know if you have any questions. The most important thing you can do is continue to learn by actually doing, applying the knowledge you have heard from the million of podcasts you are listening to.

Best of luck to you in whatever area you choose to get started with.

@Pamela Maduro 

Happy to help.  We have many software recommendations based on what your needs are.

For your Airbnb's, Pricelabs is a must for dynamic pricing, and airdna is a good place to pull comps for rents, etc.  

@Firas Basha @Levi Hall

Thank you for sharing your experience with the Rent To Retirement Academy!

We are very excited to hear that you have found tremendous value in the RTR Academy!

It is our goal to provide all the tools, resources, education & coaching any individual needs to learn how to build a sustainable investment portfolio to achieve financial independence & generational wealth through real estate investing.

It should be noted, that while the Academy is not a requirement to invest with RTR, the individuals that do join the Academy are much more successful long term since they have spent time to clearly develop their own individual investment strategy & plan!

We know that investing in real estate means building a business that incorporates the right investment strategy, tax & legal plan, financing, retirement planning, insurance & estate planning.  It is our goal to deliver all of this in the RTR Academy along with a plethora of benefits to students to include:

-VIP access to RTR inventory before the general public

-ability to earn back course fees through investing & our attractive referral program

-tax, legal & investing advice from our team of attorney, CPAs & investment advisors

-no cost SDIRA or solo 401(k) account to invest through retirement vehicles 

-lifetime membership with no ongoing or additional fees, etc.!

Our goal is to deliver as much value as possible to encourage everyone to either get started investing or dramatically expand your portfolio in the best markets to accomplish your goals regardless if this is your 1st property or 50th!

Hope this helps to clarify what the RTR Academy offers for anyone interested!

I'm happy to answer any questions anyone may have!

@Filipp Nesterov

I'm happy to help however I can.  Sounds like you have a solid plan in place to start.

Feel free to reach out at any point in time with any questions on STRs.  I have quite a bit of experience in this area with my own portfolio.  Each market is very unique however.

Best of luck to you!

@Filipp Nesterov

How confident are you in your STR numbers? Sounds like that could make or break this strategy for you in the future. STRs can vary significantly & we've found that it takes about ~3 years of STR activity to optimize income with repeat guests, online visibility/activity, etc.

My recommendation is to go with strategy two to live where you want and find a way to get into the rental game another way with a partner or another way.  Maybe you could turn that into a rental eventually?

Hope this helps. 

@Jonathan Foux

Always here to help!  ; )

Legislation changes no doubt!  That and areas that are very "seasonal."

Personally, I would recommend investing in areas that have established laws and regulations and avoiding areas that do not have any sort of legislation to avoid things changing at the drop of a hat that changes your entire investment strategy...

43% appreciation over the past ~4 years!  Definitely a market we like long term if you can make it cash flow in the meantime.  SWFL is an excellent market!  We also like Cape Coral, Lehigh Acres, North Port, etc.