All Forum Posts by: Diane Trotter

Thank you Allison!  I understand that Conway is growing by leaps and bounds.  I have wanted to buy a waterfront property for myself but have been looking in Hot Springs Village and Pulaski County.

Thank you for the notification!  I have one property in Little Rock.  I'm making note of your information.

Hi Donetta!  Make sure you participate in weekly free webinairs.

Hi Ryan!  Welcome!

Curtis, your response was far more information than I expected.  Thank you so much for taking the time to respond.

Manly, I thank you also.  The both of you have made it real to me that I can't afford to invest in Hawaii.

Geez, James!  I wish you were in Little Rock, arkansas

Curtis, can you give pros and cons of buying property in Hawaii?  Thank you!  Diane

Bill, how did you select Bentonville, Arkansas?  Probably Walmart is the largest employer there.  Are you satisfied with your properties there?

I am not an attorney. I do know that there is a minimum tax that corporations have to pay to make sure that you are not trying to avoid paying taxes. The fact that it is a limited liability corp might also cause others to not want to do business with you. Everyone knows the purpose of the LLC. I'm trying to think of the name of the HUD website that explains the pathway for a first time buyer as well as possibilities for investors. HUD has loans that cover the cost of rehabilitation and only require 3% down.

Looking for grants might take a while. With HUD, $3K plus closing down should get you a property that could cover purchase and rehab. If you have a credit card that has 0% interest for a year, that is less hassle than meeting requirements for a grant.

I grew up in the Central High School Historic District in Little Rock.  There are grants for people who are first time homebuyers and possible residents of the revitalization zones.  I don't know if a multifamily dwelling would qualify because the tenants are not stakeholders and usually move on rather than invest in the community.

If you purchase a historic building, you can get a grant to restore it but you are limited in what you can do to it and with it.