149: Investing with Little Rock Turnkey featuring Jeremy Veldman
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 40 minutes
🧾️ Download transcript
Summary
#149: When real estate markets heat up, some investors are tempted to invest in tiny towns with few industries.
With 700,000 in the metro area, Little Rock, Arkansas is substantially larger.
Little Rock's diversity of industry includes government, health care, education, and military.
Arkansas could be the most landlord-friendly of all 50 states. Landlords aren't even obligated to make repairs.
Little Rock Turnkey rehabilitates a property, places a qualified tenant, puts the property under management, and then sells it to you. It is expected that this "turnkey" property produces cash flow for you on Day 1.
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Listen to this week's show and learn:
02:22 Pay attention to your monthly Property Manager statement.
05:08 Helping your profits: estimates vs. quotes.
07:37 Jeremy Veldman interview begins.
09:37 Little Rock's job sectors.
11:00 Is Arkansas still the most landlord-friendly of all 50 states? 15-day evictions.
16:35 Single-family houses, typically brick houses of 3 BR / 2 BA. Renovation extent explained.
19:14 Tenant-supplied appliances.
20:41 3515 Green Drive: $1,050 projected rent, $105,000 purchase price, 1,570 sq. ft.
23:56 Rent-to-value ratio. The next most important numbers are property tax, mortgage interest rate.
25:30 Tenant profile.
28:52 Affordability: Arkansas is #1.
31:55 Property management.
33:47 Neighborhood character: 2/3rds owner-occupant.
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Norata Real Estate and GRE Turnkey.com. |
| 0:10.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than |
| 0:22.1 | anything else, and can provide you with more wealth and happiness than you ever thought |
| 0:27.3 | possible. Now, here's your host, investor, entrepreneur, business owner, and educator, Keith |
| 0:35.3 | Weinhold. |
| 0:39.4 | Here it is. Hey, welcome to GRE. Get Rits Education episode 149. I'm your host, Keith Wynhold, |
| 0:45.1 | and I'm back to help you build your wealth, and I'm coming to you from St. Louis, Missouri |
| 0:50.6 | today. I plan to talk to you about that. Some more down the road here. Today we're going to |
| 0:55.5 | discuss turnkey real estate investing in Little Rock, Arkansas. And, you know, I was just thinking |
| 1:01.2 | about something that GRE's own business developer, Marcus Wayland here, told me the other day that |
| 1:06.3 | I think you're going to like. It kind of made me laugh. Marcus is a savvy real estate investor. |
| 1:10.8 | He said, I like the stock market. It's a great place to sell a company. I love that. |
| 1:18.7 | Yeah, that might be about the only way that the stock market is really going to help you. |
| 1:23.9 | Well, hey, the real estate market has seen some healthy appreciation over the last six plus years |
| 1:29.1 | and usually appreciating it what actually are historically sustainable rates, too. |
| 1:35.9 | And it's been great. |
| 1:37.3 | More importantly, we've been enjoying high rental occupancy rates, |
| 1:41.7 | as the national homeownership rate is at multi-generational lows, |
| 1:46.1 | well then those would be homeowners are instead, our renters. Now, I'm not trying to pour too |
| 1:53.0 | much vinegar on top of your honey here, but just because things are generally going quite well |
| 1:59.6 | for us as real estate investors today, that doesn't mean |
| 2:02.6 | that we stop paying attention. That doesn't mean that we become complacent. Okay, when things are going |
... |
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