All Forum Posts by: Ray Fisher

Another area in Arkansas booming is the Jonesboro area. Conway Area, University city's.  

T thinking of moving to Arkansas?

In my opinion , buy and hold properties, build long term return on investment and wealth, I have done turnkey properties And made quick money, only to return to the market to try to find another deal , took me about a year .to find the next one to fit in my parameters that I have chosen for myself. If I would have kept the property I would have had my investment returned in three years. and I would still have owned the property continuing to produce income and wealth. Leon, no one way is right! Someone with lots of experience can look at a deal in so many ways you can about make anything work. Rod

leon, there are ways of investing in buy and hold properties and even flippers with no money down , If you have a decent credit rating, A job and someone with experience helping you, all things are possible. I have been doing it for years, don't listen to the naysayers , you just have to find your way. At 61 my job provides the insurance that would cost me 900 a month. My salary provides me with the income to service my expenses, And the purchase and repairs of the properties are within the loans, So Far (knock on wood) I haven't had to reach into my funds. I just keep saving for a future cash investments.

In Romance, not in wholesaling , buy buy and hold here.  welcome to the mess! lol

Another thing not reported on is the city of Jacksonville, will charge you $100 on your taxes for each time , the yard gets over (I THINK) 6 or 8 inches. and they send someone over to mow it. They give notice to the renter. Do you think the renter gives a damn if you get charged?

I just bought a house in late November, was charged $500  for the last owners negligence ,  wasn't posted to taxes until December After I bought . wasn't caught by title company because of late posting.

Welcome to Arkansas!

a lot of one sided reporting going on! depends on the medias and apparentl a couple of professors agenda!

depends on the projects. A lot of the time I hire someone to do a project and learn from the experience of how to , or the process of, or where to get the materials.  nothing like learning from an experienced contractor.  Also depends on how long I am going to be,  getting the job done. (holding Costs).

https://www.americasmosthauntedhotel.com/

Cresent hotel in eureka springs AR has embraced it, and uses it for advertising, been cashing in on it for years.

Personally, I have never met a ghost!, had a paranormal activity that I know of.  But the one thing I do on each house. On the way out after the rehab is done. and I am ready to put it on the market.

It's time to sit down and ask the good lord to bless this house, protect it and its inhabitants with a shield of peace and goodness. I ask to bring me a good family that will appreciate the hard work and efforts that has brought them to this home.  I am a Christian and I believe that good is among us.

transferring personal to llc, can be a nightmare.  have done it but second deal we pulled out resubmitted  under private ownership. partner wanted to buy house for personal use.

mine was bought under llc then I decide to keep it and make it my residence.  transferred to personal.  almost gave up before I got it done.

Peter, I don't know your living situation, single?, married?, family?.

option 1

mortage                                                     3508 month

front house potential income                2950 month

difference                                                     $558  month expense to live in 1 bedroom ,

currently paying   1858 month

less potential           558 month 

savings of               1300 month, x 12 months  = 15,600 annual savings toward the next investment.

this is a payout of  558 x 12 = $6690 year

Option 2

rent front house     2950 rental income

rent back house      1650. rental income

total rental income   4600, month

less mortage              3508.

positive cash flow     1092.00 month. x 12 months  = 13,104 positive cash flow income.

option 1

now take that 1092.00 month toward another purchase  in that less expensive market and live rent free....

option 2

or use to drop rent at preexisting house 

2020.-1092.= 928 rent and two others are paying off your home .

that is the options I see in 15 minutes of planning.  There are probably a hundred other options out there,

by the way "Nice deal" .