All Forum Posts by: Chris Searcy

I'm looking at homes in and around Little Rock, AR and it seems that there are countless homes under 40k that could rent for 550-700 per month. Even factoring in unfavorable expenses, many of the nicer homes in that price range are showing a cash on cash ROI of more than 25%. The numbers just seem too good to be true.

Someone, please enlighten me about the market in Little Rock. 

@Raphael Gomez

I don't have a system yet, but I'll certainly take your suggestion into consideration when I start rolling.

Best of luck to you, as well.

@John Cohen

Thanks for the encouragement. Earlier in the thread, @Russell Brazil and @Elizabeth Nourse made really great arguments for investing in SFH in the NoVA area rather than multi-family. There's still a lot of research to do, but I think I will heed their advice.

Thanks to everyone for the warm welcomes and the advice. Less than 48 hours in and I've made substantial changes to the way I see real estate opportunities in my market.

I got an email from BP offering 20% off of an upgraded account. Is it worth the money considering I'm just starting?

@Ned Carey@Russell Brazil @Elizabeth Nourse

I really appreciate the guidance. After reading several of the most popular books, which emphasize multi-family investments, I was really stuck on that idea. I'm seeing a lot of great SFH opportunities in and around my area, I may shorten my timeline for my first purchase.

@Russell Brazil

Thank you for the detailed breakdown. I hadn't considered the real estate taxes.

I'm out of the country for the next few months, so I can't start investing until I return. I would like the opportunity to personally inspect any property before I make the leap.

@Paul Santos

It didn't occur to me to read the show notes. Thank you for the suggestion.

@Bradford Myatt @Ryan Billingsley

Thanks for the recommendations. I ordered the book and will start reading it tonight. I have listened to 4-5 of the podcasts, trying to absorb as much as possible.

@Russell Brazil

Thanks for the advice. What do you think about 10-15 unit buildings? I've had my eye on a few in Baltimore, but haven't done a great deal of research on the areas yet.

@Rubelyn P.

Thank you for the warm introduction. I look forward to meeting lots of people and making lots of great deals. Hopefully, I'll have great success stories to share with the community.

@Michael Galesky

Thanks for the advice. I read "The ABC's of Real Estate Investing" a few days ago, that's what made me want to go into apartments rather than single family homes. I hope to leverage the tribe for advice and support in the coming months.

Thanks!

Chris