All Forum Posts by: Michael Ward

Buyer Beware. That said, did the seller provide a property disclosure? If so, can you prove the seller knew about it but didn't disclose? Or, did the contract not require a property disclosure (in which case, "buyer beware")?

Hi @Bhanu Vardhan. I'm a broker in Northwest Arkansas. Indeed, Bentonville and the NWA region is a very strong market. That said, finding cash flow can be difficult. I'd be happy to chat more about what you're looking for specifically, and which towns might be best suited for your investment goals. All the best!

Hi Aden, nice to see you in the BP forum. Just to clarify some of the other comments, as an agent, you are not a wholesaler. Period. Wholesaling refers to putting a house into contract and assigning the contract for a fee. An agent/broker cannot do that and should not attempt it. But you can effectively achieve the same goal by finding off market properties and charging a commission fee for bringing a buyer. Similar kind of work, different deal structure. 

Learning how to negotiate off market deals as an agent is an extremely valuable skill. So, in other words, do the same kind of hustle as a wholesaler, find those off market deals, build up a buyers list, and sling some houses for commission fees. But make sure with your broker that you have all the right paperwork in place (like Ryan described above). And if you do find a great deal but don't have a buyer, reach out to @Ryan Blackstone or me! ;)

@Brennan Vaughn are you still hunting for opportunities in Northwest Arkansas?

Welcome to the world of investing in NWA! Feel free to reach out anytime if you have questions. I'm a broker, and we work with investors all the time.

Do you own the 40 acres (as opposed to wholesale)? That's a substantial amount of land, and Bentonville is hot. I'm not a developer, but I could probably put you in touch with someone. DM me with more details if you can.

The folks at Simmons Bank can be good for commercial lending. Depends on exactly what you need. Send me a PM with some details if you'd like more info. 

Hi fellow agents and brokers. Do any of you use Carrot for your Real Estate Agent website? I'd love to get your feedback. Thanks!

Quote from @Ruel Salvador:

Quote from @Michael Ward:

Hi Ruel. There are several people here on BP investing in Fayetteville, AR, myself included. I am also a broker here in Fayetteville, so I can't speak out of state investing experience but would be more than happy to stay in touch. Congratulations on purchasing a property here!

Hi Michael!

Thanks for the reply. How is rental Market in Fayetteville? What is the average turnover? I just want to ask from someone who is there other than my realtor and property manager.

Thanks,

Ruel

Generally, the rental market is super strong. Very low vacancy. I don't know about average turnover, but it will depend on your tenant base. Families and working professionals have lower turnover obviously than the student population and other young singles. But the main point is you have found a property with decent cash flow in Fayetteville, then kudos to you. That is difficult these days. 

Hi Ruel. There are several people here on BP investing in Fayetteville, AR, myself included. I am also a broker here in Fayetteville, so I can't speak out of state investing experience but would be more than happy to stay in touch. Congratulations on purchasing a property here!