Investing in Fayetteville, Arkansas

[Ruel Salvador]

Hi BP community!

I just purchased an out of state SFR in Fayetteville,Arkansas. Are there any members here that are investing in this area too? Would be glad to hear from you.

What are lessons that you learned on out of state investing?

Thanks,

Ruel

[Ryan Blackstone]

@Ruel Salvador I am an investor and broker here in NWA. The only out of state I have done was a JV, but I do know it is all about being connected with the right people. You should check out the Multi-family skyline report and it will give you the real data. We are around 4% vacancy. Typically, I get $250 more per unit than what all of the property managers are getting in the area. This is the case with most of my buddies as well. Just make sure the unit is fresh and clean, your PM does professional photos, and make the unit accessible when showing.