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Diana Jing
  • Rental Property Investor
  • Dallas, TX
100
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47
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Rent To Retirement Review

Diana Jing
  • Rental Property Investor
  • Dallas, TX
Posted Oct 19 2019, 16:32

Hi BP! I recently just closed on my first 3 turnkey homes with Rent To Retirement after being referred to them from a colleague of mine who had invested with them for a few years now. I thought I would start a forum to let others share their experiences, and to keep a log of how my experience is going since I see a lot of people asking questions about working with them. So far I've had a great experience. Communication is very important to me! I worked with Zach who is very responsive, knowledgeable, and willing to assist throughout the process as I was new to purchasing out of state. All my homes are rented, and I'm off to the races in building my passive income portfolio! They put me in touch with lenders to finance the properties that had better rates & fees than any other lender I checked with, which was great. They also had recommendations for insurance providers, and referral for a legal team to assist in setting up my LLC, which I am currently working on. Overall the closing process was very smooth, and did not take up a ton of my time. This was exactly what I was looking for since I still work my full time job. I've done a few flips in the past, which was a huge time commitment & definitely more headache than I cared for. Not to mention I lost money on some of my past flips or barely broke even. I got discouraged with real estate after the long and stressful time of trying to flip real estate on my own while balancing my full time job & family life. So I was very relieved in how easy they made this process to invest in cash flowing properties where the returns were significantly better than anything I found locally, and the process is much more passive! I look forward to continuing to invest with them in the future! I'll share more updates as I grow my portfolio. Big thanks to Rent to Retirement for getting me back into the game of real estate investing where I'm not doing everything on my own!

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Qiang Chen
  • Specialist
8
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Qiang Chen
  • Specialist
Replied Nov 30 2021, 05:48

@Diana Jing

hi Did you use the private loan they recommend?

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Timothy Stripto
  • Flipper/Rehabber
  • Charleston
3
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9
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Timothy Stripto
  • Flipper/Rehabber
  • Charleston
Replied Apr 9 2022, 05:57

I know you Run you’re independent numbers but how far off are they with there cap rates? 

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Diana Jing
  • Rental Property Investor
  • Dallas, TX
100
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47
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Diana Jing
  • Rental Property Investor
  • Dallas, TX
Replied Apr 16 2022, 08:17

@Timothy Stripto generally I would say numbers are fairly accurate, but with all real estate there is some variance.  We have over 10 properties now (most through RTR).  The majority of them perform as expected.  A couple do better than expected as they've rented out higher than expected & have had nice rent increases year after year.  We did have one property where a tenant had lost their job where we had about a 2.5 month vacancy to get them out, repair and release, but that is performing well now.  I would say that is the only property that has underperformed projections.  Otherwise we are very happy, and plan to buy more.  Appreciation has been higher on almost all properties than we expected over just a couple of years allowing us to 1031 into more properties in a short period of time.  That was a nice surprise!

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Timothy Stripto
  • Flipper/Rehabber
  • Charleston
3
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9
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Timothy Stripto
  • Flipper/Rehabber
  • Charleston
Replied Apr 17 2022, 09:33

THX for the information Diana

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1
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Replied May 16 2022, 08:35

Im curious how much is usually required for turnkey? Im brand new to real estate and figured out of state turn key would be the best way to go.

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Zach Lemaster#1 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Denver, CO
2,579
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Zach Lemaster#1 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Denver, CO
Replied May 19 2022, 19:55

@Connor Amato You should typically need around $20k to $30k as a min for down payment and reserves depending on the property purchase.  Feel free to reach out with any questions.

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Replied May 23 2022, 09:17

Stay far away from Rent to Retirement!!!! The only reason we went through them for our new build is because they're mentioned on this website and thought they had to be reputable. WRONG! One year later, still no permits, and just raised the price of our home by 20%! What's more is that they don't guarantee they won't raise the price AGAIN by the time they build it out. God knows when that will happen, already been exactly a year and still no permit supposedly. S C A M! You've been warned.

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Scott Lundgren#2 Ask About A Real Estate Company Contributor
  • Investor
  • Kansas City, MO
89
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37
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Scott Lundgren#2 Ask About A Real Estate Company Contributor
  • Investor
  • Kansas City, MO
Replied May 24 2022, 10:30

This is a fake post from a fake account. This person has never had any communication with RTR, nor done business with RTR to any capacity. This account was created moments prior to making this post. We are taking steps with BP to investigate this.