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Updated over 3 years ago,
Is anyone familiar with buying SGH or MFHs in Little Rock AR
As a newbie, I have defined my area of greatest potential in Little Rock Arkansas. My research suggests that I can leverage the greatest amount of my own money to buying Single Family Homes and Multifamily homes for the greatest cash flow as well as home values compared to other states. I understand there may be more savory and hotter state markets with greater ROI, but that also means having greater competition and fewer house inventory, which could mean lead to bid wars, i.e. Austin, TX and Orlando, Fl.
As a long-distance investor, I want to test my theory that this is the right market for me. So, if you have experience either as a long-distance investor or as a local investor, I would appreciate your advice. In your opinion what are the greatest advantages to invest there and some of the worse reasons not to invest there?
Also, I have defined my type of investment as a buy and hold investor where Cash Flow is king and House valuation is second but they go hand in hand.
Second, have you defined your core 4: You deal maker, property manager, loan officer, and construction person?
I would really appreciate anyone who can suggest a strong property manager and deal maker - because they are the most important people for long-distance investment.
Thanks!
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