Mid South Home Buyers - Little Rock

[Sarah Spinosa]

Hi all, 

I am coming up on the list to purchase my first SFR from MSHB :) I am familiar with the Memphis area but not so much Little Rock. What zip codes to stay away from? Any other advise for a first time investor? Thanks!

[Mary McMillan]

@Sarah Drinkard

I am a first time investor, too, but have lived in Little Rock for 20 years. Look at Markham street (it runs West to East).

North of Markham has had higher appreciation and neighborhoods are generally safer. There are pockets of awesome areas, but the current prices in those hot spots are high. So, cash flow per door will be less, especially in SF.

South of Markham has the highest crime. (You can look up crime rates to see). That being said, lots of people invest there because the properties are cheaper and can cash flow better. The trade off would be the quality of your tenant and how they will take care of your property.

Hope this helps!