All Forum Posts by: Matt Turner

Just listed my first property.  Thanks to everyone that responded. Wish me Luck!

Hey @Paul Thompson thanks for the information!

@Jeff Fuller I happened to come across one of your rentals on the web that was posted 7 days ago.  How long would you expect that house to be on the market?

@Jeff Fuller thanks for the information.  Mine is located in the Rolling Oaks subdivision towards the back of the Blvd.  It is a house built in 96 but the inside looks new and i have updated the landscaping.  It is not on the market yet but just wanted to get some info before i took the plunge!

@William Porterfield glad to see someone else in the Little Rock area on here!  My house has pretty good curb appeal and also a big fenced in back yard.  is $1100/ month too high for 1300 sqft?  Also, is my mortgage too high to be considering renting my property out?

thanks @John Suralik!  I've sent you a message.

I have been going back and forth on if i should put the current SFH that i currently live in up for rent. I bought the house back in November of 2014. I am currently paying $797.88 monthly for my mortgage (Principle, Interest, & Escrow). My house is 1300 sqft and was completely renovated back in 2014, new appliances, laminate wood floor, new cabinets and a lot of other small stuff. The lot is also a corner lot and is 15 minutes away from downtown Little Rock, AR. The area is considered one of the nicer towns around the Little Rock area.

I have done my research and the houses in my area are going on average .85/ sqft.  And these houses have not been updated.  That comes out to be around $1100.00/ month in rent.  Is that reasonable to charge for this house?

Am i missing something else that i should be looking into?

Thanks everyone!

My name is Matthew Turner and I have been really interested in getting involved in the real estate market. I have no experience in the real estate market beside owning my own home. I have always lived in the Little Rock area.  I currently work in taxes at a large investment bank in Little Rock. I would love to have a steady income from a few buy and hold properties. The first house I would like to have on the market is the current house I live in. I have done my research in the area and feel like this would be a great opportunity. Does anyone else have experience with putting a house you currently live in and pay a mortgage on up for rent? How did that work out?

My farther has dipped his hands in the real estate market and have learned a lot from him and now I am wanting to get started.

I've been a member of BP for a while now but just now introducing myself.

Thanks!