Rentals - Little Rock, AR

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Rentals - Little Rock, AR

Account Closed
Rental Property Investor · Brooklyn NY · Member since 2018 · 263 posts · 469 votes

Hi - 

I am new to BP and looking forward to learning a lot from so many intelligent people.  I'm looking to invest in my first rental property in Little Rock, AR and would love to hear some feedback from people in this market.  Originally from Little Rock, AR but currently based in Brooklyn, NY, something turnkey would be ideal.  

Thanks!

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Caleb Heimsoth
Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
8y
Michael P. Is Memphis invest in Little Rock now? I’ve seen rumors of that but it’s not on their website. Aaron Wade I second Alex Craig s company. I’ve got two properties with them in Memphis and my experience has been very good so far. I will likely be expanding to Little Rock in the next couple years myself.
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  • Hadar OrkibiPro Member
    Rental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
    8y

    Welcome to BP @Account Closed LR is a great solid and steady market. i like it. 

    there are some areas to watch out from, like south Little Rock and some pockets outside of the I630.

    What are you intending to buy there? SF, MFR or Commercial?

    Do you have buying criteria?

    0Reply
  • Rachel Fazio
    Rental Property Investor · Little Rock, AR · Member since 2017 · 134 posts · 71 votes
    8y

    Hey Aaron, welcome to the LR market! Let us know how we can help you out.

    0Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    8y

    Check out a company called Memphis Invest they operate in Little Rock and will manage the property for you, as you live in Crooklyn

    1Reply
  • Jennifer Zierlein
    Benton, AR · Member since 2017 · 9 posts · 3 votes
    8y
    Hi Aaron. I’m a new investor looking to buy my first property in the LR area as well. I’d love to hear about your experience moving forward buying turnkey as I’m starting to consider that route too. Good luck to you!
    0Reply
  • Peter Cung
    Rental Property Investor · SF Bay Area · Member since 2012 · 25 posts · 22 votes
    8y

    Hi Aaron. Welcome to BP! 

    I too am interested in LR and will likely go the turnkey route. So, if you're looking into investing turnkey, you should reach out to @Alex Craig. They've been operating in LR for several years now and it's worth a discussion if you want to get started there.

    Best of luck to you!

    2Reply
  • Hadar OrkibiPro Member
    Rental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
    8y

    @Alex Craig companies are solid as and have a very good management teams both in Little Rock and Memphis.

    2Reply
  • Caleb Heimsoth
    Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y
    Michael P. Is Memphis invest in Little Rock now? I’ve seen rumors of that but it’s not on their website. Aaron Wade I second Alex Craig s company. I’ve got two properties with them in Memphis and my experience has been very good so far. I will likely be expanding to Little Rock in the next couple years myself.
    3Reply
  • Account Closed
    OP
    Rental Property Investor · Brooklyn NY · Member since 2018 · 263 posts · 469 votes
    8y

    Thank you all for your replies.  I have heard of Memphis Turnkey and spoke with them a few times.  I will continue to look at the local market. 

    @Jennifer Zierlein

    @Jennifer Zierlein - What area are you looking at in Little Rock?  Personally, I would like to buy relatively close to St. Vincent and UAMS hospital. 

    0Reply
  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    8y

    @Account Closed does a great job in the LR market and we even called him a couple I years ago before exploring the market to pick his brain a bit on it.

    You can definitely find some good feedback on getting started building a turnkey portfolio there and, IMO, there are two good options for you in the LR market.  

    Podcast Guest on Show #224
    REI Nation4.576 Reviews
    WebsiteView Page
    1Reply
  • Gil Flmeinga
    Fresno, CA · Member since 2011 · 17 posts · 5 votes
    8y

    Is Little Rock a better market than Memphis?  I’m in Cali and there is no cash flow out here.  My buddy at my real estate investors club really likes Memphis

    1Reply
  • Jennifer Zierlein
    Benton, AR · Member since 2017 · 9 posts · 3 votes
    8y

    @Account Closed I've mainly been concentrating on the Benton/Bryant area so far because that's where I'm most familiar.  I'm just starting to look in Little Rock as well as Hot Springs a little bit.  I will probably avoid anything south of I-630 unless it's close to UALR or Baptist.

    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    8y
    Originally posted by @Account Closed:

    Hi - 

    I am new to BP and looking forward to learning a lot from so many intelligent people.  I'm looking to invest in my first rental property in Little Rock, AR and would love to hear some feedback from people in this market.  Originally from Little Rock, AR but currently based in Brooklyn, NY, something turnkey would be ideal.  

    Thanks!

     Welcome to the site Aaron. I am not form AR but just wanted to drop some kudos to you for picking a turnkey market that you have a competitive advantage in. Seems so simple to invest in the market that you have ties to, local connections & most importantly market knowledge of. However I see folks fail to do this all the time. You get tons of folks who move away from a typically turnkey market to live in some big city then they go & invest in some other turnkey market they know nothing about down the road. Always leaves me scratching my head.

    0Reply
  • Sean Thomson
    Investor · Dallas, TX · Member since 2016 · 21 posts · 3 votes
    8y
    Would a property within walking distance to UofALR, tenanted, fully remodeled, with management in place be the type of property you would want?
    0Reply
  • Grant Rothenburger
    Investor · Taylor Mill, KY · Member since 2016 · 2k+ posts · 964 votes
    8y

    @Account Closed Have you searched the events here in BP? Might be helpful to attend one near you and network!

    0Reply
  • Alfred Litton
    Rental Property Investor · Valley View, TX · Member since 2018 · 174 posts · 87 votes
    7y

    I grew up in NLR but moved away when I went to grad school several years ago. I recently came back and was completely shocked by the changes in some of the neighborhoods, esp'ly near UALR.  As a college professor, I have many friends who teach there, and the story is all the same. That university cannot grow because the location is so bad. I was shocked by how much it's in the hood! My sister and brother-in-law went there, and when we all drove around there, they said they wanted to lock the doors.  You couldn't pay me to invest there.  Benton, Bryant, Cabot, Lakewood (NLR) are all much better bets in my mind. 

    0Reply
  • Account Closed
    OP
    Rental Property Investor · Brooklyn NY · Member since 2018 · 263 posts · 469 votes
    7y

    @Alfred Litton 

    I wouldn't label this entire area as "the hood." 

    0Reply
  • Diana Muresan
    Lender · Chicago, IL · Member since 2018 · 352 posts · 147 votes
    7y

    I can advise you on the financing part if you will need a loan

    0Reply
  • Alfred Litton
    Rental Property Investor · Valley View, TX · Member since 2018 · 174 posts · 87 votes
    7y

    @Aaron Wade. Sorry, but it's run down and according to my friends who work there, crime has become a significant problem.  It's affecting enrollment and business development. It's a neighborhood in decline right now.

    0Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    7y

    What y’all think of investing in jacksonville

    0Reply
  • Account Closed
    OP
    Rental Property Investor · Brooklyn NY · Member since 2018 · 263 posts · 469 votes
    7y

    @Account Closed

    There are pockets in Jacksonville that work.  The Air Force base is there too.  

    0Reply
  • Ryan Marx
    Rental Property Investor · Little Rock, AR · Member since 2019 · 5 posts · 1 vote
    6y

    Hi Aaron - I'm the Acquisitions Director for SFR3 Fund in Little Rock. We are buy-and-hold investors, focused on homes that need a little TLC. Clean, all-cash offers with fast closes. Feel free to send a direct message and we can discuss further.

    0Reply
  • Dustin TurnerBusiness Member
    Real Estate Broker · Little Rock and Hot Springs Arkansas · Member since 2020 · 55 posts · 62 votes
    6y

    Hi @Account Closed. There are some solid opportunities for long term rental in the LR metro. Turn key could be a good option for convenience, but I caution you to look closely at the value of the homes being sold. As a local broker and investor, I'm often shocked by the price the turn key companies sell their homes to out-of-town investors. Those properties are often sold way above neighborhood value. Reselling them will be a challenge. 

    2Reply
  • Zul BudhwaniPro Member
    Investor · Grapevine, TX · Member since 2016 · 78 posts · 39 votes
    6y

    @Ryan Marx would love to connect 

    0Reply
  • Matt T.
    Investor · Pensacola, FL · Member since 2015 · 56 posts · 16 votes
    5y

    I have one rental in Jacksonville AR, near Little Rock AFB. Had it for 7 years. It does ok. Been thinking about selling in the next year.

    0Reply
  • Dustin TurnerBusiness Member
    Real Estate Broker · Little Rock and Hot Springs Arkansas · Member since 2020 · 55 posts · 62 votes
    5y
    Originally posted by @Matt T.:

    I have one rental in Jacksonville AR, near Little Rock AFB. Had it for 7 years. It does ok. Been thinking about selling in the next year.

    Hey Matt, I can help with that when you're ready. 

    0Reply
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