All Forum Posts by: Chris Hosier

Hey @Jonathan Dagerath welcome to NWA! It's a great area and I'm sure you'll love it. Where are you moving from? I'm an investor and would be happy to connect when you make it this way.

Hey @Cody Sparlin, welcome to BP. I'm in the Fort Smith and Northwest Arkansas market. Congrats on the start of your journey.

I do almost the same as @John Teachout. Rent is due on the 1st, late after the 5th with a $50 late penalty and then $10 per day for each additional day late. 

@James Elden yes there are homes available in that price range that are not section 8. I have a single family I bought for $45k that I rent out for $825/month. 

@Jonathan Barr I'm in NWA and would be happy to help if I can.

@Henry Washington I am a realtor in the Fort Smith and Van Buren area that invests and works with several investors. Your best bet for property management is going to be Real Property Management or Trinity Multifamily. Both are solid companies. Let me know how else I can help.

Hey @Jeff Ostrander, welcome to BP! I believe I know you from Hardscrabble, correct? Either way I'll be happy to meet up and talk about what I am doing with investments here in Fort Smith and how I am helping other clients as well.

@Jillian Jones thank you for your reply. 

Hi there, I have a question about the first SFH I bought last year and I hope someone can help me out. The home is located in Fort Smith, AR and is a 3/1. I purchased the home October 31, 2018 and financed it for 15 years at 5.49% This is a buy and hold that I have been pleased with, but I had someone tell me that I should BRRRR this property. Having not done a BRRRR before, would that be the smart thing to do? If so, what would my next step be? Do I call the lender and just let them know I want to refinance this home?

Purchase Price - $45,000.00

Down Payment - 15% / $6,750

Repairs - $12,000.00

All in - $57,000.00

ARV - $65,000.00

Property is rented for $825/month

5% Vacancy - ($41.25)

Property Tax - ($62.67)

Insurance - ($75.00)

10% PM - ($82.50)

5% Repairs - ($41.25)

5% CapEX - ($41.25)

5.49% @ 15 Years - ($326.52)

Cash Flow - $154.56/Month

Thanks in advance for any input and opinions.

@Karam A Tascoe congratulations! I am currently trying to rent out my first property as well after doing many renovations.