All Forum Posts by: Will Ostransky

What does everyone think about buy and hold investing in Little Rock, AR? And what resources/websites do you like use to analyze a market for things like: job growth, population growth, unemployment rates, crime rate, what big companies/firms are there/moving in, etc.? 

We have some connections in Little Rock and are considering purchasing, but obviously want to do our homework first. Our goals are more long-term (buy and hold) and lean more toward appreciating markets, but are not opposed to more CF markets, if it's the right deal. I realize Little Rock won't appreciate like some other larger markets, but wondering if there's some potential here. Does Little Rock have a lot of crime too (this would be a deal breaker)?

Hi @Nicole Heasley Beitenman! Good clarification - yes, I meant what other operators on FF are listing comparable properties for. I don't think I've used the landlord resources. 

I have been compiling comps from FF and Air BnB/Vrbo for similar properties (that I'm considering) in similar areas and averaging them. The trouble I'm experiencing in South Denver, specifically Highlands Ranch, is the averages I'm getting aren't enough to even breakeven. I've listened to a lot of @Jesse Vasquez's content and my plan would be to develop relationships with agencies, hospitals, corporations, and other businesses to 2-3+ X my revenue and hopefully create long-lasting partnerships. It seems like the averages I'm finding from FF and Air BnB are on the lower or more conservative end compared to what you can get using some of Jesse's tactics. But I'm not sure what is realistic in my area or if it's too saturated. Knowing that it wouldn't breakeven with the conservative estimates though obviously make me nervous to jump in. I've also considered properties where I could create two units to increase my revenue that way, but those types of properties are very expensive here. 

I'm consider buying a property in South Denver to use as a MTR but am struggling to determine the appropriate monthly income in my underwriting. In listening to others speak about MTRs, it seems like the monthly revenue from Furnished Finder is on the lower end. Obviously, this is a safe estimate to use but the numbers don't really work in today's current market (in South Denver at least). The plan would be to partner with local hospitals, insurance agencies, businesses, etc. and incorporate great amenities, where I would imagine I could make a better return, but that's where I'm struggling to determine how much better than listings in Furnished Finder. I would love any advice on how to better calculate MTR revenue in South Denver. Similarly, does anyone have any other thoughts on how to run a successful MTR in the South Denver area (purchasing in today's market)? I appreciate the feedback!