First Time Investor in NWA
Hey BP! My wife and I are excited to be under contract on our first investment property. As two Razorbacks living in Dallas, we started looking locally, but found the market particularly difficult down here to meet our goal of 10-12% COC ROI on a long term rental property. Our next choice was to look in the Fayetteville area for similar SFH to rent out. We're under contract and hoping to close in mid-April.
Our long-term outlook is to pick up a property each year in markets within ~5 hours of DFW. We're excited to start our journey and I wanted to take the time to solicit any or those in a similar situation who want to bounce ideas around. Thanks for reading and hope to talk to some in the community soon.