BiggerPockets Real Estate Podcast

626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster w/Zach Lemaster

4 snips
Jun 23, 2022
Zach Lemaster, a former optometrist turned real estate investor and CEO of Rent to Retirement, shares his transformative journey from six-figure student loan debt to thriving in real estate. He discusses the appeal of turnkey rental properties, which let investors enjoy passive income without management hassles. The conversation dives into overcoming traditional employment mindsets, financing strategies, and effective tenant management. Zach also highlights a luxury short-term rental deal, offering insights into successful negotiations and the importance of teamwork in real estate.
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ANECDOTE

Consistent Growth

  • Zach Lemaster's real estate journey began with a house hack duplex using a VA loan.
  • Every year since then, he has consistently bought more real estate, leading to significant portfolio growth.
ANECDOTE

From Wholesaling to Turnkey

  • Zach Lemaster used wholesaling to fund his rental property purchases and gain deal evaluation experience.
  • After negative experiences with turnkey providers in Chicago, he started his own turnkey business.
ADVICE

Financial Commitment as Motivation

  • Financial commitment can be a powerful motivator for taking action.
  • While courses can be helpful, much of the information is available for free online or through networking.
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