All Forum Posts by: Blake Nash

I am a builder in NWA.

I have given some investors opportunities to partner in builds with me.

The deal structure is beneficial for investors because they get a newly built rental property for below retail price.

Feel free to connect with me if it is something that would interest you.

@Shawn Mayhew Are you looking for a custom home builder?

I would love this info as well!

@Simcha Davidman hey there, I am a general contractor and I’d love to do help you renovate your units.

Hey Charles, my Dad and I build houses in Bella vista. He has been a licensed GC for 25 years and I have been licensed myself for 2 years. We build custom homes, spec homes, rentals. I’d love to connect and talk about what you are looking for.

@Logan Carver Hey Logan, I am a Residential General Contractor who builds in NWA. I feel like the best option for rental properties now with the shortage in the market is to build them. I’d be happy to talk with you about some options sometime. Message me if you have any interest.

Hello everyone,

I am an experienced new construction and remodel Residential Contractor looking to connect with partners/customers.

My partner and I have shared experience of 30 years in new construction and residential remodels.

I’m looking for realtors, investors, or both to partner with on flipping rental properties or building new.

If anyone is interested or has any advice, feel free to reach out to me.

Thanks,

Blake Nash

Thanks for the reply Ryan. I believe NWA to be one of the best places to be for many reasons, including the appreciation here. I think the Northeastern Oklahoma rental option could be more of a back up plan if I can't get financing to cover the construction in NWA. 

Hey Everyone,

I am looking for the best financing options for my plan, but if there are any better plans someone might have a suggestion for, I would love to hear them as well.

Your goals and story: I am a newly licensed General Contractor in Northwest Arkansas looking to start real estate investing. I would like to build rentals to have a monthly cashflow. I have built 4 spec homes over the last 4 years with my Dad, learning the ropes from him as he is a GC with many years of experience.

Type of property: I would like to build a 1600 sq ft Single Family Home for my wife and I to live in as well as build as many single family home rentals that I can. )

Location of property: Our house would be in Bella Vista, AR, but I am considering 2 options for location of rentals; Bella Vista, AR or VInita, OK. In Vinita, OK my mom and step dad own rentals there that do well. The cost of land and labor there are cheaper than in Northwest Arkansas. There are also houses that have potential to be flipped in both locations

Purpose of financing: Construction of our own home, Construction of rentals, purchase of our own homes and purchase of rentals

Type of financing sought: More than likely Construction loans for home and rentals, Conventional Loan for purchases, but I am open to suggestions of anything that might work better

Current or prior ownership of real estate: I have not owned any real estate, only built and sold

Occupancy: investment with traditional long term leases

Value of property at present and/or your offer price: Our home we build estimated appraisal $225,900, estimated appraisal of rental in Bella Vista, AR: $170k-175k, Estimated appraisal value in Vinita, OK: $145k-150k

Anticipated or actual appraisal issues: no

Fair market rents per month: Bella Vista, AR: $1200-1500 , VInita, OK: $700-$1200

Down payment or equity: Anything I build, I project to have 18%-20% equity at completion of construction

Source of down payment funds, if applicable: Possibly HELOC after we complete construction of our house

Income Source: Salaried in Data Cabling Industry, 2 years

Gross monthly income (optional): $7,000

Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $700 debt, $850 rent

FICO: Good-Excellent

Credit issues: N/A

Questions: If I go to a bank to get a construction loan to build my own house to live in, would I still have the borrowing capacity to get another construction loan to build, at minimum, one small rental to purchase with intent to rent out?

If the buy in for a Vinita, OK rental is cheaper than the buy in for Bella Vista, AR buy in, would this give me a better opportunity to get started?

Hey Everyone,

I am looking for the best financing options for my plan, but if there are any better plans someone might have a suggestion for, I would love to hear them as well.

Your goals and story: I am a newly licensed General Contractor in Northwest Arkansas looking to start real estate investing. I would like to build rentals to have a monthly cashflow. I have built 4 spec homes over the last 4 years with my Dad, learning the ropes from him as he is a GC with many years of experience.

Type of property: I would like to build a 1600 sq ft Single Family Home for my wife and I to live in as well as build as many single family home rentals that I can. )

Location of property: Our house would be in Bella Vista, AR, but I am considering 2 options for location of rentals; Bella Vista, AR or VInita, OK. In Vinita, OK my mom and step dad own rentals there that do well. The cost of land and labor there are cheaper than in Northwest Arkansas. There are also houses that have potential to be flipped in both locations

Purpose of financing: Construction of our own home, Construction of rentals, purchase of our own homes and purchase of rentals

Type of financing sought: More than likely Construction loans for home and rentals, Conventional Loan for purchases, but I am open to suggestions of anything that might work better

Current or prior ownership of real estate: I have not owned any real estate, only built and sold

Occupancy: investment with traditional long term leases

Value of property at present and/or your offer price: Our home we build estimated appraisal $225,900, estimated appraisal of rental in Bella Vista, AR: $170k-175k, Estimated appraisal value in Vinita, OK: $145k-150k

Anticipated or actual appraisal issues: no

Fair market rents per month: Bella Vista, AR: $1200-1500 , VInita, OK: $700-$1200

Down payment or equity: Anything I build, I project to have 18%-20% equity at completion of construction

Source of down payment funds, if applicable: Possibly HELOC after we complete construction of our house

Income Source: Salaried in Data Cabling Industry, 2 years

Gross monthly income (optional): $7,000

Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $700 debt, $850 rent

FICO: Good-Excellent

Credit issues: N/A

Questions: If I go to a bank to get a construction loan to build my own house to live in, would I still have the borrowing capacity to get another construction loan to build, at minimum, one small rental to purchase with intent to rent out?

If the buy in for a Vinita, OK rental is cheaper than the buy in for Bella Vista, AR buy in, would this give me a better opportunity to get started?