Mm-hmm

... and that means underwriting a lot of deals, making a ton of offers, exploring markets outside of your local market.

One of your previous questions I didn't answer is, like, who's, who's the right person for out-of-state investing? Um, candidly, I think it'd be everybody, um, at some point, and should be because you need to diversify, and I think it's worth exploring.

But really, the people that, like, if your local market's too expensive and you're beating your head against the wall and haven't taken action because it's too expensive, it's too regulated, it's too taxed, whatever the case is, look at other markets.

If you're a busy professional and, like, you don't wanna manage the property anyways, there's no ad- you know, advantage for you to invest locally, then maybe you should start looking elsewhere and find a place that attaches your, your goals, right? But today's market, you have to be creative to underwrite deals.

Unless you wanna put, you know, 30, 40, 50% down to make things cash flow, you can still get very good deals.

Where we see the best opportunity, and this is just our own experience internally, is working with new construction.

So, like, what deals are you doing right now, outside of your personal investing, with Rent to Retirement that might be interesting to our community?

having some other assets aside just, you know, an S&P 500 index stock, what would be the best way to get started in the rent retirement and maybe expound on that on some of the many benefits of real estate investing?

Yeah, certainly.

So, and cut me off at any time because I can go deep on some of these, especially the tax side.

But look, I think everyone needs to own real estate, hands down.

It's just in whether it's a few houses, one house, whether it's a large portion of your wealth like it is for us because that's what we know, you know, and that's our competitive advantage to get ahead.

But Real estate is just it's the most proven asset class over time.

I mean, since people need a place to live, which has always been the case, real estate has been an investment.

right and this is not really so much for me i'm 63 but my son who is 31 32 something like that i look at it as a way to really transfer um wealth uh for him and my my other kids

Can you explain what that means and, and who turnkey investing would be right for?

Certainly.

And so our objective at Rent To Retirement, Jim, is to make the best deals across the country available to every- everyone, where our team handles everything for you.

And this doesn't mean it's 100% passive, but it's, it's about as passive as it gets in the actual property ownership.

So our investors come in, they're usually...

I mean, this just goes under the question of who's this right for.

Um, they're either someone who's a busy professional.

What's unique about Rent To Retirement, and why should somebody come to your company instead of another turnkey company out there? What sort of deal structure incentives do you offer and, and what are you guys really good at?

right

it really boils a lot down to supply and demand we see a big population shift down to the southeast there's a significant deficit in housing so a lack of supply we have a lack of 7.2 million homes in the u.s and that's not getting any better there's an affordability crisis We try to be in areas where we're below the median house price point.

So the median house price point is roughly 400K in the US.

We want to be in areas where you can get a brand new four bedroom single family house between two to $400,000.

And that's going to rent out at a high enough number to be able to have positive cashflow at 10 or 12% returns, whatever.

But in addition to that, of course, we want to be paying attention to the economy in that specific area, what jobs are going into that area, having a diversity of industries like we talked about.

But a lot of it is driven by supply and demand.

How do you mitigate that stuff as an entrepreneur?

But bringing things up a little bit and touching on some of the things that you covered, how long did it take you to exit the optometrist career while buying real estate? How long did it take you to actually be able to successfully exit?

Yeah.

I'll, I'll talk about the timeline with that because there's, like, different kind of levels of financial independence is, is the way that I, I view it.

And just to be clear, this was never our goal.

I never had the intention that I wanted to own this large portfolio of real estate, run this active business in real estate.

Um, you know, we just liked investing in real estate, and we just always were trying to be better investors and find better opportunity, and we just never stopped.

And so it kind of fell into this just through consistently investing.

So if you could share and shine a light briefly on what it is that you guys are doing and how are you guys still moving forward within this current environment.

Bringing things up a little bit and touching on some of the things that you covered, how long did it take you to exit the optometrist career while buying real estate? How long did it take you to actually be able to successfully exit?

Yeah, I'll talk about the timeline with that because there's like different kind of levels of financial independence is the way that I view it.

And just to be clear, this was never our goal.

I never had the intention that I wanted to own this large portfolio of real estate, run this active business in real estate.

You know, we just liked investing in real estate and we just always were trying to be better investors and find better opportunity and we just never stopped.

And so it kind of fell into this just through consistently investing.

I never had the plan to retire myself.

So if you could share and shine a light briefly on what it is that you guys are doing and how are you guys still moving forward within this current environment?

And so, but yeah, Bringing things up a little bit and touching on some of the things that you covered, how long did it take you to exit the optometrist career while buying real estate? How long did it take you to actually be able to successfully exit?

Yeah, I'll talk about the timeline with that because there's like different kind of levels of financial independence is the way that I view it.

And just to be clear, this was never our goal.

I never had the intention that I wanted to own this large portfolio of real estate, run this active business in real estate.

You know, we just liked investing in real estate and we just always were trying to be better investors and find better opportunity.

And we just never stopped.

And so it kind of fell into this just through consistently investing.

So if you could share and shine a light briefly on what it is that you guys are doing and how are you guys still moving forward within this current environment?