All Forum Posts by: Jamal Baker

Jamal,

Welcome to the forums and to real estate investing.  As with anything, you will find what you seek.  I say that as it applies to RTR as well.  Within the BP community you will find a number of ringing endorsements, success stories, and numerous 5 star reviews.  As with anything that seems too good to be true on the surface, it usually is. Dig deeper and you will find that RTR orchestrated new builds for clients in Cape Coral with a builder who was unable to perform.  RTR severed ties with the builder and never relayed this on to their investors, who ultimately were left holding the bag.  There are hundreds of people who have lost in excess of $100k per property, have builds that are incomplete after 2+ years (yes, years), lost life savings, etc.  Somehow throughout all of this, RTR is unscathed.  They still have a 5 star rating on BP (weird, huh?), they have somehow not had a class action law suit filed against them, and are still deploying the same "look at all of these happy customer" tactics in the forums.  

As I'm sure you can tell, I got burned.  However I consider myself wildly lucky.  I saw the writing on the wall and got out before my building permit was approved (albeit 2 years in) and only lost $20k.  

I'll wrap up by putting it into context for you.  I am a career automotive dealer manager (not the most respected profession) and RTR makes me feel dirty.  

I have lost close to $100k on a new build that they sold to me in Cape Coral. It's been over 3.5 years and the property still isn't done. This is the same story for I would guess to be around 50 - 100 investors (maybe even more) who worked with them to build homes in Cape Coral, Florida. I would never recommend them or work with them again.