All Forum Posts by: Zach Lemaster

@Patrick Bavaro Thanks for the mention!

@Tammy Lewis We are active in AL along with other markets as well.  I'm happy to answer any questions you have.  Patrick & many other investors have been very successful investing in SWFL new construction as he mentioned.  It's all about finding the right fit for you and, of course, doing your research.  Here are a few threads about RTR if you are interested to learn more.

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

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

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

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

@John Douglas

Welcome!  There has been a lot of discussion already on this topic.  Let me assist by providing some links that might be useful to read through.  Feel free to reach out at any point with questions.

Threads to read through:

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

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

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

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

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

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/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

@Chase Cannon

Thanks for sharing your experience! I love the idea of using your SDIRA to invest in REI to take control of your investment options within a retirement vehicle. We look forward to working with you on many future properties as you scale your portfolio. Well done Sir!

@Shilpa Ga

We are happy to connect with you to discuss your goals, and to answer any questions you have.  

Please see the contact information in my signature to reach out to schedule a time.

We look forward to connecting with you.

Everyone on this thread please read this.  If you have lending questions, please reach out to your RTR rep to discuss the best options available for you.  Not everyone can qualify for the same financing options.  If you have construction or investing experience you likely will have better options available to you w/ less down than if you have minimal experience.  Also the state you live in has an influence on what financing is available.  For example, CA residents are restricted from joining local credit unions that offer some of these 10%-15% down options.  How you plan to use the home also has an influence on loan terms.  People that would build these for a primary residence or second home would have different options than pure investment property financing.  Your RTR rep will direct you to the best lending options based on your scenario so you are not spinning your wheels going down financing paths you would not qualify for.  That provides the most efficient and effective way to assist everyone that is interested in building with us in this location.  It would be important to know that if you are qualifying for a construction loan in for a property <$300k with ~$70k down (and you are not a builder yourself), that is exceptional construction financing made available to you!  If you don't have experience in the construction field, you would likely not qualify for most construction lenders, or they would want 50%+ down in many cases with unfavorable terms.  Hopefully this adds some clarity to what loan options are available.  Your RTR rep will be able to guide you down the right path based on what they know about your situation & goals for the property.

@Jorge Siverio

Thank you for the kind words & positive feedback Sir!  SWFL is an excellent market to come into immediate equity, high cash flow & appreciation in new construction.  There is a tremendous amount of rental demand in this area.

We look forward to working with you!

@Jabran Khan

Thanks for the mention.  Plenty of good markets still where you can cash flow, have strong appreciation & come into immediate equity.  SWFL would be one of these.  There is no doubt this is a seller's market, but there is always opportunity to invest when you know where to look, or the right people to guide you.  We invest across the country, and there are different market dynamics in different locations.  We are happy to answer any questions you have at any point in time.

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

@Bhavya Shah

Thanks for the question.  I understand your concern when you are seeing many people investing in the outstanding opportunity in SWFL.  The simple fact is that all the builders combined cannot keep up with the demand for housing (both rental & retail sales).  There are a tremendous amount of people moving to the area, and generally the state as a whole.  Simply supply and demand shows that there is an increasingly higher demand year after year for housing beyond what supply can keep up with.  Once you gain a better sense of the growth happening in this market it will be clear to see that this is the type of market you want to invest in to be in the path of progress.  We are seeing the least amount of housing inventory on the market than we have ever seen in this area, and the houses that are on the market (for rent & sale) are on the market for the shortest amount of time that we've seen in recorded history.  There are over 1000 people moving to FL a day currently, and this isn't slowing down.  We are only making a small dent in the overall housing supply to try to keep up with demand.  We often see a waitlist for rentals, and tenants signing leases before the home is even at CO.  Even over the past year we have seen rents increase by an astonishing 15% - 24%, and values consistently increasing by over 20% in many of the areas we focus on.  This is an exceptional place to live, visit, and most importantly invest!  @Stetson Miller shared some great stats supporting this information.  Here is another good article to read: https://www.dailymail.co.uk/ne...

Hopefully this helps to answer your question.  Feel free to reach out with any other questions.

@Jin Park

Congratulations on another acquisition Jin!  It's great to work with you on another property.  Strategically scaling over time to grow your portfolio is the key to success.  Let's keep this momentum going!

@Prasad Ma

Thanks for the clarification.  Yes, that post has limited information, is outdated & would be irrelevant in this case.  Let's get you back on the phone to help clarify things for you, which we are always happy to do.  We do have rent comps on recently completed projects, recent appraisals, etc. that we are happy to share with you directly.  Just reach out to have us send these things over email.