Homeowner · East Wenatchee, WA · Member since 2024 · 9 posts · 7 votes
My wife and I are new investors and just closed on two properties with Rent to Retirement. Our investment strategist with RTR, Melissa, was super helpful through the entire process. She was quick to answer any questions and provide invaluable advice. I highly recommend Melissa and the Rent to Retirement team if you are wanting to get into real estate investing. It is obvious that they are here to not only help you find the best deals and incentives, but to teach you how to invest and analyze properties on your own. I also strongly recommend joining the RTR academy. It goes into depth on what real estate investing is and how to analyze properties as an investor. Zach Lemaster is a great teacher. He takes time to walk you through each step of investing.
CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
2mo
@Weston Knudtson, One thing worth getting ahead of now that you've closed: with two properties acquired together, it's worth thinking through how you want them structured and depreciated from the start, rather than treating each one separately or waiting until tax season to figure it out. Cost segregation is also worth a look on both properties if you haven't already discussed it, new acquisitions like these are usually a good candidate for it, and getting it modeled early can meaningfully change your first year or two of cash flow from a tax standpoint. Congrats again, and happy to connect!
I’m glad to hear the acquisition process was a positive experience. That said, the purchase is only the beginning of the investment journey.
I’d be interested to hear an update in 12 months: Did the property perform as projected? Did the actual numbers match the pro forma? How did expenses, vacancy, repairs, and cash flow compare?
Those are the details that ultimately determine whether an investment was successful — and they’re impossible to know immediately after closing.