All Forum Posts by: Riley Schaefer

Has anyone ever done a cost segregation study for a portfolio of SFRs?  Is it worth it, and if so, in what circumstances?

I will likely be making more in the next 5 years than I will after that as I plan to partially retire and live mainly off of rental income in the next 3 to 5 years.  I make good income now that I want to try to maximize my tax deductions as much as possible while I have high income.  Any guidance would be appreciated!

@James Runkle I wouldn't focus so much on the 1% rule as much as I would cash on cash ROI. AL has such low taxes in many places that you can have very high returns & cash flow with less than a 1% rule. In other locations where taxes and insurance are much higher, you could easily have a home that is way above the 1% rule, but it's negative cash flow or even break even. My point is there is so much more to consider than simply the 1% rule. Hope this helps!

@Diana Jing

I've also had a very good experience working with them.  I've posted my experiences on the thread below:

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster?page=1

Definitely has helped me come a long way in becoming a more successful investor.  Rent To Retirement and their team has assisted me with SDIRA investments and executing a 1031 exchange which has a lot of working parts so navigating that can be quite confusing.  I've been able to acquire multiple properties to dramatically increase my passive income portfolio!  Big thanks to the rent to retirement team, and I look forward to continually working with you all!  I highly recommend to anyone looking to expand their rental portfolio in markets that offer cash flow properties!

@Ben Feder Call the county to ask them Ben as it varies in different areas.  Got to put some work into investigating it.  I can't tell you everything.

@Ben Feder you can pay for lists from companies that mine that information like list source or lead list, but most everything is public knowledge so you can also find it in county records with some digging.  Good luck!

Yes you can refinance in less than 6 months but it is stricter.  You also won't be able to pull out more equity than the 75% of the purchase price, regardless of the appraised value.  After 6 months you can finance up to 75% of appraised value.

@Matthew Gray I would say simply saving the 20% to put down is the safest method, but if you invest in locations where homes are more affordable, the 20% down doesn't have to be a huge amount of money.  You can also use a line of credit to purchase homes and refinance later is a good strategy.  Let me know if you have questions on this, or need recommendations for people that can help.

@Trecia Benjamin What part of Ohio?  I've invested in TK properties in a few areas of OH and have been very happy with them!  Low taxes, landlord friendly legislation, great cash flow and still getting some appreciation!  Great state to invest in my opinion.  Just need to find the right team to take care of the property.  That is why I chose to go TK.  Happy to provide any recommendations if you would like.  Let me know!

@Farris Roach III @Casey Wheeler I've used them for a couple years now to purchase multiple turnkey homes, and generally I'm very satisfied with their service, communication and quality of homes.  I would say they are among some of the best in the industry.  My opinion is to always take advice from people have actually worked with a specific company, and not someone who does not have first hand experience, like anything in life.  I personally have, and have had a great experience, and plan to continue working with them.  Feel free to pm me with any specific questions.

Here is a link to a post with other investors that have also worked with them:
https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster?page=1

I would say you always need reserve first, then when you have ample savings it would be a safe time to invest.  Usually $20K will get you into a decent investment in the midwest, and still leave you some reserves.  Hardest part is always getting started.  Good luck!