Fayetteville, AR · Member since 2021 · 18 posts · 13 votes
Hi everyone,
My name is Alex Fairman. My family just moved to Fayetteville, AR (where my mom is originally from) from San Diego, CA, and I am looking to get into real estate investing. I currently go to college in Massachusetts and do some web development work as well. I have read a majority of the Bigger Pockets books as well as some others and listened to a fair amount of podcast episodes as well. I am hoping to get my first buy and hold rental before mid-August and continue to build my portfolio from there. It would be awesome to connect with other investors and individuals in the area, as well as any investors in general.
@Andreis Bergeron Thanks. I am very interested in Texas and will probably look at investing in the market in the near future. It would be great to stay in touch. I'll follow your profile.
@Ryan Blackstone Thanks for reaching out Ryan. I am going to try and attend the meetups in the next week or two. What is the best way to get notified when the meetups start again?
@Alex Fairman good to hear from you Alex! I'm an investor in Russellville like some others on here. It's a great buy and hold market with the college being here! Feel free to reach out if you have any questions about your first deal. I started two years ago and things have compounded quickly. I've got a SFH, duplex, four plex and commercial storage units as well. Best of luck to you, have fun with it!
@Alex Fairman I like it quite a bit. Prices are skyrocketing, but I think thats on par with everywhere else. Prices are significantly lower than NWA, but the demand isn't near as high.
Hey Alex, I'm not in Arkansas but I'd be happy to connect as a fellow new investor. Best of luck with your endeavors - how are you planning on getting started?
@Austin R Jones Thanks for reaching out Austin. It seems like Russellville will be a good place for me to look at once I have a little more experience. As far as my first deal, which property type has been the easiest for you to work with and how do you like working with the commercial storage units? Thanks for the help in advance.
@Bradley Dosch Thanks for responding. I'm planning on starting with a SFH and then scaling from there. Do you have any specific advice for identifying and purchasing the first home? Thanks for the help.
That sounds like a great plan! Well first off make sure the property fits your goals and what you're looking for. A tip that has helped me is to look at properties that have been on the market for longer than usual. In this crazy market, you'll have less competition and more negotiating power with these. Alternatively, if you find a place you really like that hits the market, make sure to move quickly on these!