Newbie from Little Rock, Arkansas

[Kristi Patton]

Hey everyone! I I have been listening to the BP podcasts and figured it was time to jump in and meet people. My husband and I are currently looking for our first buy and hold property and look forward to learning from the experts here! Our very first goal - which I stole from the podcast/episode #2, is to acquire 5 rental properties over the next 2 years with the intent of having them paid off by the time we retire so we can use the income to supplement our retirement and pass on to my daughter someday. I am writing this on a rainy Sunday afternoon after watching my beloved Razorbacks shut out #8 Ole Miss - so to to any fellow Arkansans out there: Woo Pig Sooie!!!

[Paul Thompson]

In this area I've found locations where rent is >$750 begins the transition from low end rentals to the next rung of rentals (at least for now and in this market). Obviously that's a moving target as rental prices in general climb over time. Houses/neighborhoods whose FMV are between $75K-$125K seem to strike the best balance of price-to-rent-ratio, potential appreciation, better tenants, lower crime rates, and lower vacancy rates.

You can get the 2% rule, I've even seen deals that are the 3% on paper but actually collecting the rents to make that happen would be a tough job.

PM or email to talk specific neighborhoods.