A new member from Little Rock, AR

16 Replies

Hello Guys!

My name is Murad and I live in Little Rock AR. I work as an active CPA here in the city.

I just wanted to thank all of you for being so great and generous with your contributions. I joined Biggerpockets not that long ago, but it feels like I have learned so much already.

Thanks again!

Murad

@Murad Nurmukhamedov

Welcome to Bigger Pockets. BP is full of resources. You will find resources here from blogs to pod casts and forums. You can also send messages to members. This is one of my favorite features of Bigger Pockets especially for asking specific questions.

Originally posted by @Murad Nurmukhamedov :

Hello Guys!

My name is Murad and I live in Little Rock AR. I work as an active CPA here in the city.

I just wanted to thank all of you for being so great and generous with your contributions. I joined Biggerpockets not that long ago, but it feels like I have learned so much already.

Thanks again!

Murad

Welcome. Just know that investing in Arkansas, you're already ahead because Arkansas is the most landlord friendly state in the country by a huge margin. Evictions last only 10 days. After 10 days, the tenants can face jail time. Crazy.

I was looking at an apt building at this address:   510 Beech St, Helena AR 72342.  Is this a bad area?

Thanks

Yooch

Welcome, Murad.  I am originally from Little Rock myself.

@Yoochul C. , That address is much closer to Memphis than Little Rock.  Helena is a very small town on the Arkansas border across the river from casinos in Mississippi.  I've only passed through the area, but this link shows very high poverty rates in the area.  I'd take the hassle of dealing with that tenant pool into consideration before investing.

Originally posted by @Murad Nurmukhamedov :

Hello Guys!

My name is Murad and I live in Little Rock AR. I work as an active CPA here in the city.

I just wanted to thank all of you for being so great and generous with your contributions. I joined Biggerpockets not that long ago, but it feels like I have learned so much already.

Thanks again!

Murad

Originally posted by @Jared Larry :

Welcome, Murad.  I am originally from Little Rock myself.

@Yoochul Chong, That address is much closer to Memphis than Little Rock.  Helena is a very small town on the Arkansas border across the river from casinos in Mississippi.  I've only passed through the area, but this link shows very high poverty rates in the area.  I'd take the hassle of dealing with that tenant pool into consideration before investing.

 thanks for the info Jared.

Hi Murad! Welcome to BP! This is actually my first post. How has your investing experience been thus far? What is your investment strategy? Any tips you have for an even newer newbie?

@Murad Nurmukhamedov

Welcome.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP's newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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