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All Forum Posts by: Roy Covert

Roy Covert has started 5 posts and replied 12 times.

Post: Northwest Arkansas Investing

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

@Ryan Blackstone

Where does the monthly group meet and at what time in NWA ?

Post: More rent vs. good tenant

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

@Jorge Espinosa I had the same scenario, great tenant, but under Mkt value rent. So I compromised and offered the tenant a small rent increase if they signed a 2 yr lease vs going to full rent and losing a tenant that takes care of my property. I win/ they win. I now have a 2 yr lease that goes with the property if I decide to Refi or sell vs an “empty” property with no cash flow .Every scenario is different and there are many who would think my decision foolish, that’s ok, the deed has my Llc’s name , not theirs 😄

Post: First crack at a purchase has been discouraging.

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

@John Kernen

John,

Have faith brother, what you described has been experienced by at least 85% of the investors reading this. If it was easy, everyone would do it. In time, with persistence and lots of due diligence you WILL find that 1st deal and you will be so happy that you waited for it. Look up Independence Realty Group on IG, hit the link in his bio for a program that will show you multiple ways that he has purchased 60+ properties using small banks and different loan options ( this is NOT a get rich quick scheme) Henry is a solid guy that’s been on the Bigger Pockets podcast with Brandon and really knows his stuff.

I hope this helps you or who ever reads it.

You don’t have to go into huge debt to by RE if your educated about the ways banks work.

Best of luck,

Roy

Post: Nola BP Convention 2020

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

I was bummed to learn of the BP Convention being postponed in NOLA this year, we were psyched to attend for the 1st time. Any chance you could do the breakouts virtually ( I mean, it’s not like we aren’t all mostly working from home anyways) ?

Post: Looking for a CPA in Northwest Arkansas

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

Looking for a CPA in Northwest Arkansas that you would recommend based on your personal experiences. Looking for one that understands RE investing.

Thanks

Roy

Post: Bigger Pockets in Arkansas ?

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

Thank you Devin, I look forward to meeting you. We are already members of REI and attend several of their meetings monthly.
I had heard that there’s a “Bigger Pockets NWA” group that’s meets also, I’m looking for info on that meeting.

Thanks

Roy

Post: Bigger Pockets in Arkansas ?

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

Can you let me know if there is a Bigger Pockets group for NWA ?

Thanks

Roy

Post: Renters application software recommendation

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

Thank you all for the ideas and suggestions !

Roy

Post: Renters application software recommendation

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

@Kenny Dahill

Thank you Kenny, I appreciate your help

Roy

Post: Renters application software recommendation

Roy Covert
Posted
  • Rental Property Investor
  • Arkansas
  • Posts 12
  • Votes 2

I’m looking for recommendations on what’s the best software for prospective tenants to apply with in your opinion.