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Lehigh Acres - Renttoretirement (RTR) projections were a scam

Posted Feb 14 2024, 12:43

I bought  a new construction with the Renttoretirement (RTR) platform in Nov-Dec'23 and regretting it big time! The numbers forecasted by them come nowhere close to reality. I took out a mortgage at ~7% and now simply burning cash. I have a property manager in place (one recommended by RTR) and he suggests (i) new build supply is way higher than demand (ii) realistically (if at all we find a tenant) we should target a rent of $2100 vs $2500 projected by RTR. For context, my mortgage alone is ~$2k/month. I feel duped and stuck. Anyone else with similar experience? Thanks 

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