Rent To Retirement Ad is Bait and Switch?

Question

I regularly listen to the BP Podcast with David and Rob and for months an Ad has been running about 2.9% Financing from Rent to Retirement. It sounded too good to be true, but I thought I should check it out. I expected that they would tell me it was a short term thing, and the rate would go up after a year or two. When I had my meeting with Matthew Seyoum from RTR, I mentioned why I contacted them. He asked me where I heard the Ad and then said "Oh that was a limited time program where a builder was offering that incentive." He further informed me that the program was over a while ago and the rates are more in line with prevailing rates. That was over a month ago, but I heard the Ad again today on the BP Podcast. BP, please pull the Ad, it is hurting your credibility, especially you Rob, since it is you narrating it.

Matthew Seyoum · Answer

I'm sorry there is confusion on this.  Allow me to clarify.  One of our builder partners is offering a seller financed rate of 2.99% on select inventory.  This is an interest only loan for 2 years with the option to extend another two years.  Again, this is only on select inventory.  Once the inventory is reserved, we need to wait for more inventory to become available.  As you can imagine, we've had extremely high demand for this program and this inventory moved very quickly.  There will be more available in the future, we just don't know exactly when yet.  This is a recent program with many investors taking advantage of this program & closing on properties with this loan product as recent as last week.  Hopefully this helps to clear up any confusion for you.

Here are other creative loan options that ARE still available as of right now.  We have many new construction properties where there is a builder rate buy down in the 5.5% to 5.75% range on a 30yr fixed loan.  We also have a credit union that will finance up to 5 investment properties with as little as 5% down (assuming you qualify)!  That allows you to stretch your capital to multiple properties and scale quicker.  For example, you could purchase 5 similar homes with the same amount of money as it would take to put 25% down on just one.  Of course, you need to run your numbers to see if this makes sense for you, etc.  We also have a conventional lender that will finance up to 10 conventional properties with fees at a fraction of a cost of typical lenders & they will waive all refinance fees if you refinance within 2 years.  That is huge as there is a high likelihood rates will be much lower within 2 years where it would make sense to refi to access equity or to simply cash flow more!

Please understand lending is a very dynamic space & things are constantly changing, sometimes daily!  This is the importance of taking action quickly when you find a loan program that works for you before it disappears.If you have any other questions, please don't hesitate to reach out.  We are always here to assist however we can.  We always do our best to bring the best investment opportunities in the nation to our investor community paired with the best financing options available at that point in time.-To your success!

Here are some additional resources on BP as well where investors are sharing their experiences about investing with these various loan products, and in general.

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirement

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?

https://www.biggerpockets.com/forums/92/topics/1162779-rent-to-retirement-academy-experience?highlight_post=6630770&page=1highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?highlight_post=6413855&page=1

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/forums/92/topics/929410-rent-to-retirement-updates?highlight_post=5508807&page=1#p5508807

https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

https://www.biggerpockets.com/forums/311/topics/915728-experience-with-rent-to-retirement-turnkey?page=1#p5345200

https://www.biggerpockets.com/forums/92/topics/808479-rent-to-retirement-experiences

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster?highlight_post=6192149&page=4&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification_V2&utm_channel=28426&utm_content=Marketing

https://www.biggerpockets.com/forums/67/topics/952977-turnkey-in-indianapolis-through-rtr-case-study

https://www.biggerpockets.com/forums/12/topics/997350-lessons-learned-from-buying-my-first-rental-property?highlight_post=5748036&page=1#p5748036

https://www.biggerpockets.com/forums/12/topics/533693-anyone-worked-with-renttoretirement-turnkey

https://www.biggerpockets.com/forums/92/topics/581730-rent-to-retirement-zach

https://www.biggerpockets.com/forums/48/topics/874096-reviews-on-r2r-and-nch?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5123754

https://www.biggerpockets.com/forums/311/topics/883772-turnkey-investing-renttoretirement-feedback-reviews?highlight_post=5171720&page=1#p5171720

https://www.biggerpockets.com/forums/92/topics/950188-rent-to-retirement?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5535505

https://www.biggerpockets.com/users/ZacharyCole/references