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All Forum Posts by: Sarah Hansen

Sarah Hansen has started 10 posts and replied 79 times.

Post: Rookie from Northwest Arkansas

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
Welcome! NWA is a great place to invest, but the secret is out. 😉 You can still find deals, but it's not as easy as it used to be due to the area's growth. Definitely make it out to the REIA group if you can. We are members there and have found it helpful. Let me know if we can be of any help! Great meeting you!

Post: Newbie from Northwest Arkansas

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
Welcome! We are investors in NWA as well! It's an amazing place to get started. Let me know if we can help! I also second going to the local group. They are a great resource.

Post: Getting on my feet in Northwest AR

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47

Hi Coleton! Sorry, I just saw your response. Feel free to message me if you need REIA meeting details. I've shared the website in posts before and had my post taken down for self promotion... even though I was promoting the REIA group with no benefit to myself other than adding to my network. :) I also post the the meeting info in the events section from time to time, so you can also find the info there.

We just had our monthly meeting last night. You know you're an investor when you spend Valentine's Day at a REIA meeting talking about real estate taxes! At least my hubby was there... so I guess that's kind of like a date... To be fair, we did go out afterwards for a late dinner.

Good luck in your investment goals! 

Hi Jennifer. Feel free to reach out to us if we can help. My husband is an investor / realtor in NWA and is happy to set you up on an MLS feed. ☺️

Post: Realtors in Arkansas

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
Sorry... I meant pre-approval letter from lender, not pre-qualification letter. The pre-approval letter caries more clout. ☺️

Post: Realtors in Arkansas

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
You can use Zillow sold listings for rough comps. Find similar square footage homes, similar land size, and same bed / bath count no more than a mile from your subject property. I would also suggest joining a local REIA group and meeting investor-friendly realtors. Take them out to lunch, share your vision, and find a way to benefit them. From a realtor's perspective, doing a lot of CMAs (time), and then showing a lot of houses (gas money and more time), and writing a lot of lowball offers (more time) that most likely won't be accepted (we all know it's a numbers game) means a lot of effort with the final result - if they're lucky - of scoring a very low purchase price property and getting a tiny commission that they divide with their brokerage. In contrast, if they work with serious retail buyers, they are often writing more realistic offers on larger-ticket, pretty homes. Most realtors work with retail buyers over investors because they get paid more for much less work. However, if you can show the realtor they will do more sales because you're an investor (volume purchases vs one-time retail purchase), you may be able to change their mindset. For flips, if a realtor were to bring us a deal (low purchase price means low commission), we would make sure to use them as the listing agent after we've fixed it to a retail price when we sell it (better commission is reward). That way we win on the low acquisition price and they win on the retail price as a listing agent... as well as sell the same home twice. My advise (as both an investor and wife of a realtor), would be to use Zillow sold comps as your first analysis tool. Also, ask an investor-friendly realtor to set you up with an automated MLS email based on your specific buying criteria. (This should take them very little time.) From this list research homes that may work, then drive the neighborhood and drive by the house to make sure you're still interested after seeing the outside. If the numbers and property drive by work initially, then ask a realtor to run comps and, if those still work, to show you the property. Or, if you are doing a lot of low offers with very little chance of acceptance, instead of making the agent show you every home first and burning them out, just have them submit offers for you contingent on inspection / financing / partner approval, etc and estimate a worst-case rehab into your offer price based on the pictures, MLS notes and disclosures, age of the house and square footage. Once an offer beats the odds and is under contract, if it's somehow even worse than you estimated and the numbers don't work, you can always pull out because you've worked that escape clause into your contract. I would also get a pre-qualification letter from your lender. Realtors want to know you can close; and having financing lined up shows you're serious. Be respectful of the realtor's time, show them how working with you brings them more business (volume / referrals / retail sales) and it will go a long way to keeping them engaged. Good luck!

Post: Annual Real Estate Investors Vendors and Expo Social

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47

Hope you all can join us! 

For More Info, Contact Kathleen at 479 601-3472 or

Post: Commercial Building For Sale or Trade in Carmen, OK

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47

We had a seller contact our company today trying to trade this closed high school in Carmen, Oklahoma for land in Northwest Arkansas, or just to sell it. It's a 37,500 square foot commercial building with another 5,352 square foot storage building. It sits right in the center of Carmen on Main Street. It covers an entire city block with plenty of parking. They are wanting about $250,000 for it if they can't do a NWA land trade. If you know anyone interested, please let us know. You can message or call me at (479) 431-8297 if you have more questions. Thanks for looking! Here's a link with more info and pictures. https://alfalfacountyrealestate.com/

Post: Excited to be a part of the BP community!

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
We are closing on our first new development deal hopefully next month (ground up new construction) and are actively seeking our first rehab as well. My husband is a realtor, so he's actively working the MLS and we are marketing direct to off-market sellers. It's a fun adventure. We love it!

Post: Excited to be a part of the BP community!

Sarah HansenPosted
  • Specialist
  • Tampa, FL
  • Posts 84
  • Votes 47
Welcome! We invest in Northwest Arkansas! Nice to meet you!