According to the Texas A&M Real Estate Center, we find a balanced real estate market at around 6.5 months of inventory.

Contact a couple local PM’s.

You can learn the local market without the stress of a major rehab while you start building relationships with property managers and tenants.

This often means a smaller down payment and lower monthly payments compared to a traditional bank loan, especially since the seller may not be tied to the high interest rates banks are offering.Another option is a land loan from a local credit union or bank.

Have you done any research on purchasing property locally?

While I’m not in Little Rock, I’ve found that networking with local brokers and property managers can be key to uncovering neighborhood-specific insights.

I am debating using my local lawyer vs. finding a lawyer in the state where the property is located.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

I question if you recognize the work and risk necessary to succeed in the current local market.  

I currently pay a premium price for my turnovers for a local cleaning company that specializes in STRs.