Investment of my 1st door

Investment of my 1st door

New to Real Estate · NY · Member since 2015 · 119 posts · 36 votes

Anyone have any opinions on the investment opportunities raising out of Bentonville Arkansa?  From some research I've done there is positive population growth and their medium household income is above the national avg.  Also, Walmart is building a mega corporate location there as well as it being noted as one of the best outdoor bike riding locations in the country. Any investors can provide some info as to how the market is there currently? 

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Real Estate Agent · Richmond, VA · Member since 2022 · 33 posts · 20 votes
4y

Sounds like you've been listening to On The Market or maybe following Henry Washington! He's a great investor.

If you haven't heard the On The Market Podcast I would definitely check it out. I think in a previous episode he talks about it as well but Henry goes over a deal in Arkansas near the Walmart development in Episode 9. Could give you some good guidance. 

Above all else, I would continue to do research (due diligence) and maybe connect with an agent or two out there to see what htey can tell you about what they're seeing in the market. 

Good luck! Can't wait to hear how this progresses for you

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  • Real Estate Agent · Richmond, VA · Member since 2022 · 33 posts · 20 votes
    4y

    Sounds like you've been listening to On The Market or maybe following Henry Washington! He's a great investor.

    If you haven't heard the On The Market Podcast I would definitely check it out. I think in a previous episode he talks about it as well but Henry goes over a deal in Arkansas near the Walmart development in Episode 9. Could give you some good guidance. 

    Above all else, I would continue to do research (due diligence) and maybe connect with an agent or two out there to see what htey can tell you about what they're seeing in the market. 

    Good luck! Can't wait to hear how this progresses for you

  • Real Estate Broker · Fayetteville, AR · Member since 2017 · 375 posts · 240 votes
    4y

    Yes. There is a ton of amazing appreciation right now. We are only seeing cashflow with STR's, or creative and off market long-term deals.

  • Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    4y

    Hi Marc,

    Not market info, but just some thoughts on investing far from home.

    Bentonville AR. is so NOT Queens, have you ever been there (you might really like it).

    Visiting in person and talking to some local brokers about the different neighborhoods and then driving them, day and night, might be a good 1st move.

    If you go, you might want to try Grits with your breakfast (kind of bland--but at least you can say you have tried some local quisene).

    You could try eating at a popular restaurant like the local Golden Corral Buffet, and get to see a good cross section of who lives in the area.

    Get to know the area, get to know your potential customers (and what they value in a rental--which might be light years different than in Queens).

    You might find a lot of people in the fishing hunting crowd too. We sure have a lot of them in Texas.

    Good Luck!

  • Real Estate Agent · Bentonville, AR · Member since 2021 · 10 posts · 7 votes
    4y

    Hey Marc,

    Glad to chat any time. Just give me a call. There are great finds here. I like Ryan, but he's wrong about the STR and off markets being the only cash flowing investments. All of mine were on market and cash flowing rn. ;) It's just a matter of running the numbers and knowing where to look. The different areas have very different pros and cons.

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