Question about Little Rock market and areas to invest

[Brandon Baker]

Hello Little Rock folks, I've just begun in my investing journey and have started in Little Rock. I"m doing so remotely and have closed on 3 properties thus far. As of now I haven't visited the city but plan to do so in the next couple of weeks. So far, I've been focussed on the numbers but haven't taken enough time to learn the market itself, instead I've leaned on a turnkey provider. 

What I'd like to hear from this group is what areas within LR should I focus on, or avoid? I"m good with Class C or B properties, would like to stay around 100K or a little higher as long as I can get 1%, or small multi-family properties. Any help is greatly appreciated. I plan to tour the city in the coming weeks...

[Thomas Chapin]

Welcome to Little Rock. The turn-key companies that we see in the area that are actually doing full remodels are selling at just below 1% and down to as low as .78% for their deals. Talking with several over the past couple months, and knowing two hedge funds moving to town, I am expecting the ratios to drop further. That said, there are quite a few Class C turn-key less than 100K. Most folks have avoided NLR South of I-40, and LR South of 630 between Harrison and Woodrow. Two companies are investing more and more in both places, so expect that opinion to change or become further entrenched over the next 18 months.