All Forum Posts by: Ryan Russell

I was just wondering if there were any active wholesalers in NW Arkansas. If so, I'm a buyer ready to look at all deals in Benton or Washington counties. Drop me a line if anyone is out there!

I don't have a first hand referral but I've heard good things about The Real Property Management franchise in Ft Smith. They may be at least worth an interview. Good luck.

Give me a call next week Wyatt. I'm in Fayetteville.

I'm a broker and investor based out of Fayetteville. I'd be happy to answer any specific questions about the market in Benton or Wash counties.

And I'm horribly embarrassed I misspelled opportunity in the subject line. Posting from phone/app and don't see where I can edit.

I have recently been approached by a local owner of a successful radio station to trade free rent in one of my rentals (for one of his deejays) in return for either an undetermined number of radio spots OR a bi-monthly real estate show. My cost to provide the free rental is very minimal. I'm a branded RE broker in my market but I'd rather use this opportunity to generate motivated sellers leads to contact me as I'm primed to buy and flip in volume. Just thought I would throw this out to everyone and maybe have some creative discussions regarding how to take full advantage of the opportunity. Spots vs Show? I'm leaning towards a show (though it's a bigger commitment). I welcome your expanded thoughts. How would you handle the opportunity?

Agreed.....all things equal then I'd go with A. I'd feel better about option A providing a better chance for appreciation (nice bonus even if a long term hold), neighborhood stability, as well as possibly a higher tenant quality. One factor I would also consider is how strong the rental market is in each. I would expect that typically a neighborhood with lower % of rentals available would create a higher demand, therefore again making option A the most attractive of the two. I wouldn't discard option B if you picked up a home at a price that makes sense and it provided an attractive cash flow.

I agree with Simon. I list REO's and most all of my clients will not entertain offers in the "pre-list" period. They wait until they have had initial services completed and market value obtained (typically an appraisal and BPO's). When I get a request from a buyer to make an offer prior to listing the bank always says it's not available for offers until listing. Many banks once listed will also wait a certain period of time before negotiating offers OR have an owner occupant only period before investor offers will be considered. In my market investors have to find other avenues to pick up deals with any consistent volume.

Mark - thanks for the response. I love Colorado. What market are you in there? I'd be happy to share any REO client info you may need. Levi - thanks for your response as well. Look forward to keeping in touch. Hope you reach your flip goals this year! Let me know if I may help.

Hello All! So happy to have found Bigger Pockets a few days ago. I'm just going to dive right in as encouraged. My name is Ryan Russell and I have been a licensed RE agent/broker since 2003. My market area is Benton and Washington Counties in Arkansas.

I have a 4 person REO (foreclosure) listing team. I list homes for Fannie Mae, Bank of America, Chase, and several other banks and asset management companies. It's been a wild 5 years in my market with the high volume of REO's. I've averaged selling about 140 per year since 2009. Hopefully I may be able to contribute to this community when it comes to REO acquisition, negotiations, etc. The inventory is now down to a more normal level and I spent a great deal of time in 2013 planning my business next move(s).....which led me to concentrating on flips.

I've flipped 12 homes over my real estate career. One of my 2014 goals is to ramp up my flip business and complete 12+ flips (I've currently got 3 in escrow). I feel I've got a decent foundation in most areas of a flip but am most interested in learning more about avenues of acquisition and the marketing side of things. I just need to consistently find more deals!

My retirement plan predominantly consists of owning rental properties. I've currently have 15 properties (17 units) and am always interested in acquiring more. I am a frequent visitor to the courthouse sales and have purchased several flips and/or rentals there over the years.

In 2012 I also started investing in some spec home construction which has gone well so far. 2014 will kick off a large project (at least for me). Myself and a partner are closing on an unfinished s/d this month and will be completing 100+ residential townhomes. It will be a 2-5 year project depending on absorption. My partner is handling engineering and construction and I'll be responsible for sales and marketing. It's in Fayetteville Arkansas and among other, I'll be marketing to parents sending their children to the University of Arkansas (Go Hogs!). It is an exciting project and I'm pumped for 2014!

Sorry for being so long winded. I look forward to networking with everyone here. I've barely scratched the surface of all the information provided here and I'm so excited to jump in and learn.....and hopefully be a resource to others here.