First house hack Purchase

[Juan Mercado]

looking to buy my first house hack here in Northwest Arkansas Preferably a 4plex. Have not had any luck lately. Any good strategies or advice on finding these kind of deals will be appreciated.

[Jennifer Schelkopf]

Hi @Juan Mercado, I'm buying in NWA as well. I purchased a quadplex and a SFH this year. Here's what I'm doing:

1. Have a realtor setup auto email searches for you. You can get pretty creative with these. For example: bank owned properties, keywords like fixer upper or handyman, and properties listed at least 30 days

2. Join Facebook investor groups for Arkansas and Northwest Arkansas. I’m addition to good advice and communities, you’ll find that wholesalers often post to these about their deals. Ask them to add you to their email list even if you don’t like the deal they post that day, so you’ll be notified about all their deals 

3. Let people know that you are buying. I started posting about real estate on my personal profile, and two people I haven’t seen in years sent me deals

4. Get out there and see houses, even if they don’t look like the perfect deal on paper. I’ve been surprised a few times by houses that are in much better condition that I expected from online photos, so the repair cost was way lower than I had estimated. I’m also new to Northwest Arkansas, and this helps me get to know the area.

One last thing: be ready to move fast. I’ve found that if I wait 3-4 days to see a good deal then it’s already under contract. A responsive realtor makes a big difference. I use and recommend Charles Rullmann: https://www.realtor.com/reales...

Hope that helps!