The Little Orient - SFH purchased, Rehabbed & Staged

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The Little Orient - SFH purchased, Rehabbed & Staged

Jason Nazarenko
Rental Property Investor · Cotter, AR · Member since 2019 · 20 posts · 5 votes

Investment Info:

Single-family residence buy & hold investment in Cotter.

Purchase price: $75,000
Cash invested: $10,000

2nd SFH purchased, rehabbed, and set up as Vacation rental - walking distance to the other homes I have

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  • Will Fraser
    Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
    5y

    Way to go, @Jason Nazarenko!  What's primarily pulling vacation people to Cotter?  Is it the fishing, the floating, or something else?

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  • Jason Nazarenko
    OP
    Rental Property Investor · Cotter, AR · Member since 2019 · 20 posts · 5 votes
    5y

    ...

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  • Jason Nazarenko
    OP
    Rental Property Investor · Cotter, AR · Member since 2019 · 20 posts · 5 votes
    5y
    Originally posted by @Will Fraser:

    Way to go, @Jason Nazarenko!  What's primarily pulling vacation people to Cotter?  Is it the fishing, the floating, or something else?

    Willl, the biggest draw to Cotter is the Fishing and the outdoor activities! We are on the rise and since getting out of the Army a bit over a year ago, I have jumped on board with the city to help promote our area by setting up movies in the park and other events - even through COVID.

    Our portfolio grew very rapidly (sometimes it felt too fast) but luckily I have a good W2 & Army Retirement that has helped with holding/rehab costs. Once we are finished with the two projects we have underway currently (Cotter Downtown Church & Commercial Hotel) my projections show that we should be doing very well by spring/summer! We need to Hemorrhage some more funds into the projects to get them finished and staged (all FFE) once we do, we will be able to really make a turn up and right!

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  • Will Fraser
    Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
    5y

    Awesome to hear, Jason!  I grew up further down the White River and love the area!  Thanks for putting effort and intentionality into improving the Ozarks as a whole and growing Cotter!

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