All Forum Posts by: Dustin Davis

Jerry Hill I’m in your area and can put you in touch with someone who knows a little about navigating the zoning landscape. I’ll shoot you a PM.

As far as time frame is concerned, couldn’t you do a reverse 1031? Find the property then post yours for sale? I’d think that’s the best way to do it in a sellers market. Just a thought, good luck!

Thanks to everyone who came out! Was a fun time and lots of good information was kicked around. Look for the next one coming in March! 

@Daniel LaMontagne... @Andrew Johnson is pretty accurate in saying that dirt appreciation is limited to the "core" areas... I'll detail it a bit more just to keep us all on the same page... I view the 2 cores in NWA as the University of Arkansas and downtown Bentonville/WM Home Office. These are areas where some of the appreciation we are seeing currently will continue and maintain (it's where the money is)... Just to note on a quick exception, housing in DT Bentonville cannot continue to demand $200+ /sqft long term, just sayin'.

Then you have working class cities like Rogers and Springdale where a lot of blue collar folks live and need affordable housing... You won't see the appreciation in these areas continue very long because wage rates for the hourly folks are not following the same upward path and that will naturally keep the balance. 

If I had the money and the time, I'd be looking at Tulsa first, then over to Ft Smith... 2-3 years ago would have been the time to jump on NWA property, now with the inventory level about to correct and values WAY over what they should be caution is highly advised. 

@Daniel LaMontagne feel free to reach out when you get into town. I will tell you for the reasons you mentioned above (Walmart & Tysons) the entry level rental market (residential and commercial) is pretty saturated and there is a lot of folks over paying for property. Not to say there aren't still deals out there but most I've seen actually get listed get run up to where the numbers don't make sense. I think there will be more opportunity here in the new 2-3 years but right now people are being silly with money... I'd encourage you to do some research into whats going on here in regards to building and where we are in the cycle as well as vacancy of some of the newer apartments that have been built in Rogers and Springdale. Don't get me wrong, I'm not telling you to not invest here just advising caution and due diligence. PM me if you have any thing I can help with. 

Bump! Just as a reminder, everyone is invited even if they aren’t part of the BP community.

Liesel Griffin your best bet is to contact a few of the local lenders. If you’re looking at property around Beaver or Table Rock they should be familiar with the best fit financing. I’d also be reading up on the best way to classify it as there may be benefits one way or the other. If you need a contact I can most likely dig one up. Good luck!

Welcome Mike Spicer ! I’m a neighbor to the south. We’re having a meet up next week and your more than welcome to join us. It’s in Fayetteville, just do a quick search and you should find it.

You might talk to Cain Wright ... he may be able give some direction.

@Braden Jones what @Joe Mclain says to do is the fastest way to try and gain ownership but I would take it a step further and call your title agent to have them do a quick search and see if there are other liens or if there is a different address for the owner... I don't think in Arkansas you can just pay the taxes and gain ownership unless it is at auction, and even then there is a 90 day period before you can file for quiet title and actually take full possession. There are ways to gain it through adverse possession but it will take a LONG time and the owner can come in and take it back at any point. 

@Paul Younger ... Anything I'm misstating or missing?