All Forum Posts by: Matthew M.

Without doing anything illegal i would like some crafty advice on incorporating losses incurred on the failed acquisition of another property, into my expenses for 2021.

Background: I have only one rental property which ill be deducting the standard expenses from the income.

I have a loss from the failed acquisition of another rental property in the form of 50% of an earnest money deposit being held. I would somehow like to incorporate this into my expenses for 2021 somehow.

Any ideas?

Good afternoon BP community!

Currently looking to purchase my second investment property in Little Rock, Arkansas! I currently own a property in Jacksonville AR just north of Little Rock and it's been great to me thus far. 

I'm trying to evaluate the neighborhood for reliability and if you will an overall crime to rentability ratio. 

It's S.W. Little Rock area code 72209. More specifically off of Baseline Rd. and Scott Hamilton Dr close to I30. Can any of you investors familiar with the city comment if you have any knowledge of this area. 

I'm hearing rent is always on time from my property manager. Houses are flying off the shelves in this area in this market. Although a quick google search shows an F neighborhood and poorly rated schools. Any input would be greatly appreciated!!

Any Real Estate agents in this thread?

@Damon Cluck

$1200

@Damon Cluck

At $149,000 and 1640 sq ft aroun $90. Im rrying to get them to come down 10k

@Damon Cluck

Im also up in NY so turn key is beneficial to me especially with competition where it is and supply being so low nationally.

Cash flow is my goal so this all sounds like a good market to me

@Damon Cluck

Thank you so much for the in depth reply you gave. Very informative. Im looking at a turn key property so its a premium 150k but renovated. Will cash flow close to 12%

Jacksonville cutoff road

@Damon Cluck

I would say my main questions would have to do with the strength of these sub markets. Its their growth of any kind?

Its there high demand, job growth, rent growth?

Has appreciation been favorable?

Last thing i want to do is enter into a stagnant market. Even with supply being so low nationally.

I'm reaching out to the bigger pockets community to find out about the Sherwood area and the Jacksonville area just outside of Little Rock Arkansas. I'm looking to purchase a single-family home as a rental unit that has been rehabbed on the border of Sherwood and Jacksonville. Jacksonville cut off road.

I would just would like to know if you guys and gals own any single family homes in this areas or any rental properties for that matter and if you can lend some of your experience

I'm reaching out to the bigger pockets community to find out about the Sherwood area and the Jacksonville area just outside of Little Rock Arkansas. I'm looking to purchase a single-family home as a rental unit that has been rehabbed on the border of Sherwood and Jacksonville. Jacksonville cut off road.

just would like to know if you guys own any single family homes in this areas or any rental properties for that matter and if you can lend some of your experience