All Forum Posts by: Zach Lemaster

@Paul Choi

Thanks for the mention.  As you have seen we have investment opportunities in over 12 markets throughout the US that we've identified as being an excellent investment market based on cash flow, appreciation, equity, legislation, taxes, rental demand, job & economic growth, etc.  WE take a very strategic approach in determining the best markets to invest in long term based on this criteria & the goals of our investors.  I'm happy to answer any specific questions you have at any point in time.  Here are some excellent resources to check out as well.

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

No preference in name. Go with what you like. It won't matter on the lending side if the LLC part of the name or not. It will matter how your business is structured. Conventional lenders do not lend to businesses, they lend to individuals so you would have to take financing in your own name anyways.

@Sean Delagrange

New construction is the way to go!  Are you doing a construction to perm loan, or regular conventional financing upon completion?  If the latter scenario I would advise against any sort of long term lock.  No one knows for sure, but my best guess is that rates will stay low for quite some time.  New construction that is still positive cash flow is an excellent way to get started!  I have many excellent lender resources I'm happy to share for all types of loan options.

We don't have new builds in GA, but we have new builds in a few different locations that offer cash flow, appreciation, immediate equity (home is worth more than you pay for it upon completion) all in an A class location that serves an affluent tenant demographic! I'm happy to answer any questions you have on these.

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

@Jimmy Chao

Very nice to meet you Jimmy & thanks for the question. The answer is yes. If the property has equity you can access it via a HELOC or cash out refi regardless of the property location. This is a common strategy that many of our investors follow is to grow equity in a property through appreciation & debt reduction over time, and then usually within a few years you can either sell the asset to reinvest via a 1031 exchange, or access the equity to use as a downpayment on more rentals. It's all about scalability over time! You do need to have a good lender in place that can offer decent terms on rentals, which we have plenty of recommendations of lenders. Please let me know if I adequately answered your question, and if you have any other questions I can address.

@Matthew Laurin

My name is Zach Lemaster (owner of RTR).  There is a ton of discussion already on this topic going back years.  I've pasted some links below that might be helpful in answering your question.  Feel free to reach out with any specific questions you have at any point in time!

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/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/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/users/ZacharyCole/references

@Joseph Schweizer

Thanks for the mention!

@Steven Nguyen

Yes, we have new builds that fit your criteria to offer cash flow, appreciation, immediate equity (home is worth more than you pay for it upon completion) all in an A class location that serves an affluent tenant demographic!  Many new builds we've done in the past have been hard to cash flow well, or offer attractive returns, but we do have some interesting opportunities now that do offer good cash flow on the new builds in a few different locations.  I'm happy to answer any questions you have on these.  Here are some other BP threads from investors that have personal experience with the new builds.

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

Hi @JD Mims

No question it can be daunting investing outside of your local area for the first time.  It is a strange concept investing in an area you are unfamiliar with, but sometimes that is what is required to purchase rental real estate that actually cash flows.  Plus if your local area is outside of your price range you may be forced to look in other markets.  I personally think being well diversified across multiple markets is a great way to go, but of course you need an excellent local team to ensure the property will be successful long term.

Here are some things to consider to address your concerns:

You can verify everything.  Lenders are licensed and have their licensing number in their signature on their email.  Properties can be found on county websites to show actual legal description to verify it's an actual home.  Your lender also requires appraisals, and having home inspections are the best way to verify the home is in the condition you anticipate & is priced appropriately for the market based on actual comps.  PM is licensed too!  So all these things can easily be verified publicly, but as previously mentioned speaking with previous clients that have actually worked with the company is the best way to vet a team!  I've posted some more forum references for you to see below.  Come visit if you would like for a property tour.  We look forward to working with you!

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

@Pinank Parikh

Very nice to meet you!  Yes, of course, I am more than happy to set up a time to talk you about the new builds we have in multiple locations.  Just shoot me a message or email to set something up.  All my contact info is below in my signature.

I look forward to connecting with you!

@Cj Powderhorn

I'm going to assist you a little here to connect with previous clients that can help answer your questions.  I've attached some links below to discussion threads that might be useful for you to review.  Some of these focus on new builds, some on traditional TK.  For your questions on insurance, flood insurance is not required.  The canal system allows for water level control, and the way the lots are developed assist this with property grading.  These lots are not in flood zones.  We do accurately account for typical insurance coverage that includes wind/storm, etc.  So all those numbers are included already.  No gotchas, ; ).  Closings costs are more expensive in FL than most states, but again we've accounted for that in our calculations.  A couple lots have had turtle nests be relocated safely & in an environmentally friendly way which delayed permitting a month or so, but that is it so far.  Hopefully some of these below threads will also be helpful of past investors.  Of course, I'm available with any other questions you have.  @Joseph Schweizer do you have any insight on this?

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/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

@MarieChele Porter

This is a hard one sometimes.  In my experience if the price is too high you don't get showings.  So the fact you are getting showings means that you likely have it priced correctly, but there is something else that is turning people off that they don't know about going into the showing.  On the other hand, the sure fire way to rent the home out quickly is to price it below market value.  Renting it a few weeks earlier by lowering the price may actually net you a higher return than waiting out for a higher rent & having more vacancy.  Just my thoughts.