New Member in Fayetteville, Arkansas

[Ryan Russell]

Hello All! So happy to have found Bigger Pockets a few days ago. I'm just going to dive right in as encouraged. My name is Ryan Russell and I have been a licensed RE agent/broker since 2003. My market area is Benton and Washington Counties in Arkansas.

I have a 4 person REO (foreclosure) listing team. I list homes for Fannie Mae, Bank of America, Chase, and several other banks and asset management companies. It's been a wild 5 years in my market with the high volume of REO's. I've averaged selling about 140 per year since 2009. Hopefully I may be able to contribute to this community when it comes to REO acquisition, negotiations, etc. The inventory is now down to a more normal level and I spent a great deal of time in 2013 planning my business next move(s).....which led me to concentrating on flips.

I've flipped 12 homes over my real estate career. One of my 2014 goals is to ramp up my flip business and complete 12+ flips (I've currently got 3 in escrow). I feel I've got a decent foundation in most areas of a flip but am most interested in learning more about avenues of acquisition and the marketing side of things. I just need to consistently find more deals!

My retirement plan predominantly consists of owning rental properties. I've currently have 15 properties (17 units) and am always interested in acquiring more. I am a frequent visitor to the courthouse sales and have purchased several flips and/or rentals there over the years.

In 2012 I also started investing in some spec home construction which has gone well so far. 2014 will kick off a large project (at least for me). Myself and a partner are closing on an unfinished s/d this month and will be completing 100+ residential townhomes. It will be a 2-5 year project depending on absorption. My partner is handling engineering and construction and I'll be responsible for sales and marketing. It's in Fayetteville Arkansas and among other, I'll be marketing to parents sending their children to the University of Arkansas (Go Hogs!). It is an exciting project and I'm pumped for 2014!

Sorry for being so long winded. I look forward to networking with everyone here. I've barely scratched the surface of all the information provided here and I'm so excited to jump in and learn.....and hopefully be a resource to others here.