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Old 12-29-2006, 07:50 AM
 
480 posts, read 2,613,697 times
Reputation: 167

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I am entertaining the idea of purchasing residential real estate somewhere in Arkansas; renting it out, and eventually selling it in about seven years.

My concern is the growth rate in Arkansas. I don't want to buy a house then sell it for the same price that I purchased it for.

What areas of the state have realistic sustainable long-term growth, enough to propel housing prices upwards over the next seven to ten years? Should I focus on the obvious, Little Rock and Fayetteville, or are there other untapped resources?

Thanks.

Last edited by Check123; 12-29-2006 at 08:05 AM..
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Old 12-30-2006, 12:20 AM
 
266 posts, read 833,327 times
Reputation: 120
I've done the rental property thing.... got one left and I'm selling it as soon as the current lease is complete. Most of my rentals were in Little Rock, but I had much better tenants in the 2 rentals I had in Hot Springs Village.

Many of the renters in HSV are in the process of building a custom home, or are planning to build in the next few years. They are typically older and treat your property better, so fewer repairs and hassles. They pay on time too!
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Old 12-31-2006, 05:29 PM
 
5 posts, read 29,363 times
Reputation: 15
I am familiar with the rental market in some parts of the state. I would honestly suggest NWA. The appreciation rate is faster there than in any other part of the state.
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Old 12-31-2006, 07:50 PM
 
Location: GOSHEN
2 posts, read 7,154 times
Reputation: 10
Nwa Is A Great Place To Invest Into Rental Property. If You Have Time To Wait On Return On Investment.
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Old 01-03-2007, 02:30 PM
 
Location: The Rock!
2,370 posts, read 6,867,141 times
Reputation: 803
I think the last article I read on the RE market at nwanews.com indicated there were about 2000-3000 unoccupied single family units in the metro region with a huge number of permits issued. Sounds like it's about to bust to me. Sorry, but I don't have a link to the specific article.
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Old 12-20-2007, 12:52 PM
 
Location: Jacksonville Arkansas
1 posts, read 3,110 times
Reputation: 11
Default Rental property

A good place would be Cabot & Jacksonville Arkansas. This is near the Air Base. Always a need for a good rental house. I have 2 in Jacksonville. Moderator cut: comments edited...wrong forum for this
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Old 12-20-2007, 03:00 PM
 
Location: Bentonville, AR
5 posts, read 14,843 times
Reputation: 10
Don't read the papers about the Real Estate market, good news doesn't sell newspapers.

Talk to me or Andrew Caudle.
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Old 12-20-2007, 04:29 PM
 
14 posts, read 48,301 times
Reputation: 14
Default NWA Rental Property

Northwest Arkansas is always a good "bet" for investment property. Fayetteville in particular with the University is particularly lucrative for Landlords.
Condos or other "multi-family" units are a good investment. Moderator cut: see Terms of Service

Last edited by Sam I Am; 12-20-2007 at 06:00 PM..
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