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Updated over 8 years ago on . Most recent reply

User Stats

3
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0
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Gregory Eastwood
  • Real Estate Professional
  • Rogers, AR
0
Votes |
3
Posts

multifamily home investing for first time investor

Gregory Eastwood
  • Real Estate Professional
  • Rogers, AR
Posted

Hello, I am very interested in investing in a multifamily home in the Northwest Arkansas area. I have found what I believe would be a great investment, but would like some feedback on what you guys think about the property. I have attached the following link for the property: http://www.zillow.com/homedetails/2673-N-Miranda-Ave-Fayetteville-AR-72703/2146094178_zpid/ 
I would be putting a 20% down payment on this property.

Most Popular Reply

User Stats

30
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12
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Brenda E.
  • Dental hygienist
  • Fayetteville, AR
12
Votes |
30
Posts
Brenda E.
  • Dental hygienist
  • Fayetteville, AR
Replied

I think that's a pretty nice area and it's close to the Razorback Greenway and U of A which is a plus.  Have you been in it yet?  Have you seen the rent roll?  Price seems a little high to me.  Don't know if you are aware, but we have a real estate investment group that meets in Fayetteville once a month.  Lots of investors there with tons of experience.

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