All Forum Posts by: Nathan Olds

Well, I live in the Bentonville area and am in the process of building a STR in Branson on Lake Taneycomo. I think both are great and am continuing to look in both places. Broken Bow is nice as well, but prices are insane there.

Derek - Is this a monthly event?  I can’t attend this meeting, but I’d like to in the future. 

The marijuana argument doesn’t really hold any weight. Marijuana is still illegal at the federal level while owning a firearm is legal at the federal level (for most people). If you have a loan on your rental property it’s most likely with a federally regulated bank that must follow federal laws. If they found out you were renting a property that they provided a loan for, for something illegal at the federal level, there could be some issues!

Michael Stamps I was surprised no one has responded yet. I invest in Lawrence, but I live out of state, otherwise, I’d love to come!

Agreed. Try a local credit union. You may have to create an account there, but I just got a 95% LTV HELOC on my personal residence at my local credit union in Colorado. I’m not sure how they determined the value because they didn’t do an appraisal and I also paid no fees for the HELOC.

Don’t forget about the new Home Office that Walmart is building too! I think they said they planned to invest $1 billion and it would take several years to build. I moved from Bentonville last year and there is a lot of development going on in that area. I like the area!

Agreed, most people will mess this up, but not all and it can be a great way to access cheap money IF you’re disciplined. One of the credit cards I carry recently offered me a cash advance special where I could access up to 95% of my credit limit ($35,000) at 0% interest for 13 months. I went to check out how much the fee was and it said 3% or $75, whichever is less. I was surprised, because typically they say whichever is more. I wrote myself a check from that credit card for $33K and paid $75 to have that money and use it for one year. That’s like .25% and even if I just threw that money in a one year CD paying 2% interest, I’m making money on the deal. It did cause my credit score to tank, but that’s only temporary!

@Henry Washington - Small world.  We'll have to grab lunch or something next time I'm back in town.

@Martha Nowlan - Thanks Martha.  I sent you my info. I'm sticking in the mid-west for now, but thanks!

@Mike D'Arrigo - Thank you.  I'll probably reach out at some point!  As you stated, my primary objective is cash flow.

@Garry C. - Sorry to bring this post back up, but I am also in the Denver area and was considering Lincoln.  What did you decide on this and are you happy with the management?

@Larry Fried Thanks, I appreciate it!