Lately I've been given the option to move back to Chicago, which I believe I'll end up doing at some point since my family is up there, but for the moment it still makes sense to have a place in Little Rock.I'm interested in finding a house hacking deal in west little rock, or perhaps maumelle or similar, so that I can maintain a "pied-a-terre" down here without the expense of an apartment.In Arkansas I'm interested in real estate agent recommendations, wholesalers who have properties that match my needs, and generally to connect with any other BP members in the area, please take this as an invitation to PM me if you are interested in getting together.I'm also interested in similar contacts in Chicago, particularly in the Naperville area, possibly the Evanston/north side area, and possibly across the border into indiana near hammond, etc.Best wishes,David

Now I'm looking at places like Little Rock AR, Shrieveport LA, Tulsa OK, smaller places near an airport.  

To demonstrate the process, I will compare the overhead costs of Texas, Florida, Arkansas, and Nevada.

actually that way of sending direct-mail it's a great response really just depends what market that you are in, I sent out a direct-mail campaign about a month ago using yet little letters like that in the Little Rock Arkansas area response was great!

The lender must be registered and even banks in AR are subject to usury, for being such a red state they have tough usury laws.He also needs to put the loan in servicing, you can find mortgage servicing companies on line.If I knew what area he was in I might give some more info. :)

I'm located near the Ozarks in Arkansas and the area I'm looking into doesnt have a lot of "neighhborhoods" - houses are much more spread out or they're single streets off of the main roads with 15-20 houses.

Hey everyone,

My husband and I have recently become interested in real estate investing. We have been using this site for about 2 months and love it. We have read the Ultimate Beginners Guide and also Rich D...

Also, how is the market in Arkansas these days?

I'm actively looking in SW Missouri and Arkansas too.

@Brandon Hall From an accounting perspective yes that would be the "operations view," but from a lending and banking point of view the cash flow statement is the most important aside from the profit and loss statement since the earnings could be stored in current assets or accounts receivables and the turn time on converting that AR/asset into "cash," may be many days out.I guess if you're doing your P&L on a cash basis and this is only rental real estate then that could be used, however there are other deductions we add back that aren't typical that affect qualifying income such as .23 cents per business mileage (IRS rate for depreciation for bus. miles) claimed on line 44A of schedule C, home office use, we give the borrower back half of the SE tax since a normal wage earner would only have to pay half we try to put the SE borrower on the same playing field and more.