Little Rock, AR or Augusta, GA??

Question

I'm looking to invest in SFH/small mulitfamily within the $250000 range. They both seem like great markets. I'm having trouble deciding on which one to go with. Can you provide me with some information about the areas?  I also want to connect with realtors in the area who work with out-of-state investors. TIA

Donato Callahan · Answer

Margaret,

Both look like good markets - here's how I do it.

Compare Population Growth, Job Growth, Income Growth, Rent Growth, Crime, Appreciation, Development, and available On & Off-Market deals.

For example in Little Rock, AR...

In the zipcode 72205, income has grown almost 24% (I look for 10% minimum) and there are a few off-market, single family houses between $200K and $300K that are also absentee owner owned and high equity.

This is a great way to cut through having to call a bunch of agents and get the answers you want immediately and without bias. Just my 2 cents and happy to help.

Katlynn Teague · Answer

Hey Margaret, there is an investor I work with and she has done a lot of projects in Augusta! So far, everyone she has done, she has profited on. Might be worth a trip to take a look at both markets with your own eyes, get a better perspective, and meet some agents face-to-face!

AJ Exner · Answer

Hey Margaret,

Great opportunities for sure. From the lenders perspective, there is slight hesitation on the GA side of things, as there are some intricacies within Georgia law when it comes to landlord liability that makes lenders a a little more hesitant in lending there. They definitely will continue to, as the markets in and around Atlanta are very good right now, but I would lean Little Rock as there are a lot of good opportunities there with good property values and rental income.

If there is one that you frequent more, that could also be helpful as you could check on your property a bit more that way.

Margaret Bickerton · Answer

Thank you!

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Taz Zettergren · Answer

@Margaret Bickerton welcome to the forums and congrats on the first post! I don't know much about Augusta other than the Masters and that's no help here. I work with hundreds of investors who purchase homes in Little Rock. They're very fond of the market because of the amount of government jobs and the logistics make it ideal for a rental. Not only is it the capital of Arkansas but there's also a couple military bases north of town.

Feel free to reach out if you have any questions. Best of luck investing!

Little Rock, AR or Augusta, GA??

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