All Forum Posts by: Thomas Chapin

Well, not sure what double close they wouldn't do. Our company has bought on assignment, bought and resold the same day, and have seen wholesalers buy and sell to us same day. Double closings seem pretty common here.

Probably late to this request, but I would say American Abstract in Little Rock. They do both counties, and they do big volume in Pulaski county with wholesalers and turn-key companies. Good luck!

Ouch, Robert Keesler, sorry to hear about your experience in my neck of the woods. Don't let one company or agent decide your fate. Our rents have increased dramatically in several areas of LR, Jacksonville, and Saline county. It could be that you are sitting on something that would rent for a good bit more than when you purchased. Also, with the big name hedge funds buying in the area it might be worth your time to compare what you have to what they might be paying in the area. Hope it ends up well for you here!

I'm only aware of the bigger companies that do 10-20 a month in Central Arkansas. In that specific area I show 34 completed and rented projects in the last year. I consider it the second roughest of the major areas of LR and NLR, but crime and money move around every couple years. I don't have enough data yet to determine if investors are willing to stay in the area long term. I would expect by end of 2022 we will have enough to be able to see if they are still getting the rehabbed rent rate or if the instability and turnover cause the out of staters to dump them. To be fair, I had the exact same questions 6 years ago in 72209. That area became one of my favorites to work and hold, and all the big boys have done well there.

Hey Alex, I'm a realtor and investor that focuses on owner finance. On the realtor side we do sell to Mid South along with several other entities depending on the type of house and condition we find. I know of 3 groups willing to buy in that area, all with different goals: one that buys cheap and just takes the low end rent, one that focuses completely on buy/rehab/hold with primarily section 8, and one that only does full remodels. Because this is home, I am rooting on the companies that are coming in pouring money into the community. Because of the increased demand, I am expecting these companies to expand into both higher end with lower rent ratio as well as working into these lower end areas. If I add up #s of houses the companies I work with are after it comes to around 450+ per year. That is a ton for a town our size. I keep thinking there is no way it's sustainable, but then again, I was also skeptical of the first turn-keys that I saw bumping rents well above market. It's fun learning how many ways companies can use real estate to create returns.

Welcome to Little Rock. The turn-key companies that we see in the area that are actually doing full remodels are selling at just below 1% and down to as low as .78% for their deals. Talking with several over the past couple months, and knowing two hedge funds moving to town, I am expecting the ratios to drop further. That said, there are quite a few Class C turn-key less than 100K. Most folks have avoided NLR South of I-40, and LR South of 630 between Harrison and Woodrow. Two companies are investing more and more in both places, so expect that opinion to change or become further entrenched over the next 18 months.

Hello All, My lack of google ability is making me think there is only 1 Turn Key company in Springfield. Surely there are a few more that can be found. We are about to do a few SFR projects up there and our deals usually end up bringing us other leads we just don't have the bandwidth to handle. In Little Rock we pass on about 2-3 deals for every one we can work on. If you like to buy there, or know anyone who does, I would love to connect. Thank you in advance.

Kayla, we have a couple already, and have a few buyers looking right now.  We are interested in leads you have, especially if they have land within 20-30 min of LR.

Hey BP, my family has been owner financing homes to others by way of contract for deed agreements. We are looking for additional lenders to help us with loans on these homes as we expand. Our favorite bank so far has been easy to work with on terms, but is very slow. We currently have 1-6 homes that we'd like to recoup our costs so we can keep it rolling. We haven't ever worked with an out of state bank, but would love to see what's out there.  Thanks for any suggestions or help!

 Aaron, another question you may want to consider before setting this up… Do you have a title company that will provide insurance once the home is to come out of a trust? That answer may not be important to you or this situation, but it has resulted in some investors in this state to choose other options.