All Forum Posts by: Nick M.

@Will Fraser & @Account Closed thank you both for the reply.

@Will Fraser I’ll send you a dm for your lender details, always looking to compare. 

@Account Closed are you buying new and then renting out? Effectively trading some cash flow now for lower capex and maintenance in the years to come?

Hi everyone

Nick here - 1 deal in Cabot (SFH) and looking to do another one in the next month. Would love to chat with anyone who has bought in the last 2-3 months and hear what you found.

I'm looking for SFH in good condition in either Cabot / Austin / Ward / Sherwood / Benton / Bryant / Alexander.

But also beginning to think about MFH in Little Rock metro for the first time.

Best

Nick

Vicki @ Rainey Realty

We bought out first property in October this year in Arkansas.

A 3/2 SFH in Cabot, AR. Buy and hold.

Found on the MLS, conventional 20% down, in 'ready to rent' condition.

Had it tenanted <1 month after closing. Monthly rents are at 0.9% of purchase price (including closing costs).

@April Vogt @Lindsay Buchanan

Nice to meet you both, will shoot you a private note.

Thanks for the reply and feedback @Lana Sheta. For room rentals does everyone use Craigslist or are there other services that are more popular?

I'll shoot you a DM to setup that coffee :)

Hi everyone

I'm Nick - reasonably new to the game with 1 deal in Arkansas.  I'm looking to relocate to Reno in the next few months and do a house hack. I've carved out some time to do some 'boots on the ground' exploring in the first week of October.

I'm very keen to connect with others who are active in the Reno market and may have looked at multi-family properties in the last ~12 months and discuss pros and cons and help me dial in my numbers. I'm also trying to wrap my head around which way the path of progress is heading and had a few questions.

Anyone up for a coffee? Either in person or virtual?

A few of the questions I have right now are:

1. Midtown looks like its booming, and pushing east towards S Wells Ave, and south towards Plumb Ln? Do I have this right? Is there a line in either direction that people generally don't want to go beyond?

2. North of 80 seems near the university to have a lot less multi-family, is it all students splitting SFHs?

3. Ballpark rents for a 1/1 look to be about $1000-$1200, or a 2/1 maybe $1200-$1400. There seems to be a pretty big gap between property prices and rental rates (very few properties get close to the 1% rule) which I guess means that either rents need to catch up a bit or values have appreciated due to a lack of supply.  Bit of both or are there other forces at play?

Cheers!