New investor, anyone investing in Little Rock from OOS

[Jennifer Figueroa]

Hi there - After much research, learning and observing, I am ready to get off the side lines and start building my portfolio!

I am primarily interested in creating passive cash flow though buying SF rentals and have been very intrigued by Little Rock. While it may not offer as much appreciation growth as other markets, it does seem to be a fairly linear market with opportunity for solid cash flow. There also seems to be a good amount of affordable properties out there that are being bought/rehabbed/sold as rent ready, which is primarily what I am looking for as my first (maybe few) purchase.

Anyone out there doing the same from outside of AR? I am in the SF Bay Area and would love to connect with other investors already in the market or interested in it, like me.

I am also appreciate general recommendations on neighborhoods that are good to consider as well as ones best to avoid.

Thanks in advance!

[Jean Marx]

Hi Jennifer - 

I live/work in the Sacramento area and invest in Little Rock. We lived there for 5 years about 10 years ago. The areas that we keep an eye on are Benton, Bryant, Little Rock near UMAS, West Little Rock, 72211, Sherwood, and parts of NLR. We occasionally consider Mamuelle, Cabot, or areas of Jacksonville that would be the most desirable for people stationed at the Air Force base.

We interviewed a local property management company who has criteria that revolves around neighborhoods where properties typically rent for around 1k+. We stick with that general rule since we don’t plan to manage anything ourselves but I’m sure there are other companies with different criteria.

-Jean