I've been studying Real Estate Investing for a few years now and I'm ready to make my first purchase (mostly). I'm active duty military and just moved to the area. I will be here for a few years to come. I'm looking to buy a house I can live in now (and possibly rent rooms to friends ...I'm unmarried) and then keep the house as a rental property when I move to other assignments in the future.
Post military I would really like to do this full time and want to get some experience now!
I've been searching in the NLR and Sherwood areas! I think ~$150,000 3BD 2BTH is a good place for me to start. The biggest input I need is on location!! If you all have any advise for this rookie please share! All advise welcome.
@Daniel Fresella smart move. Repeat this strategy at every one of your assignments and you'll be very well off.
I've been told Sherwood and NLR are good areas for rentals but I'm sure some of the local Little Rock investors can give you more insight. Best of luck!
@Daniel Fresella Welcome to the area and THANK YOU for your service. The Jacksonville office of Century 21 has a very active property management presence near the Air Force Base. One of their agents told me that they manage over 500 properties in the area. You might visit with someone from there to get a feel for areas where they tend to have lower turnover, lower vacancy rates, and fewer headaches.
@Daniel Fresella, I concur with what @Hadar Orkibi says! Welcome to LR, it's a great place to live! Sherwood and NLR are nice (second the 72118 comment), Cabot has great schools if you've got family considerations!
@Hadar Orkibi Yes! That was my primary plan.. still is. Granted my only source right now is zillow but I'm having trouble finding du/triplexs for sale no less viable ones for me to own. If there are any other sources of listings I can look at that'd be great!