89: Most Landlord-Friendly State in U.S? Little Rock, Arkansas Market Profile

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 24 June 2016

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

#89: Little Rock, Arkansas is the capital of what some have called “The Most Landlord-Friendly State in the U.S.”

Brian Teeter and Jeremy Veldman from LittleRockTurnkey.com tell us about the market drivers, management, and properties.

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Listen to this week’s show and learn:

03:48 Keith made a field trip to investigate the Little Rock, AR income property market.

09:14 Market drivers - medical, finance, capital city, population growth, low cost of living, short commutes. High economic diversity.

13:47 Kiplinger’s recently rated Little Rock as the #1 Place To Live.

15:05 Employment, job growth, population growth.

16:32 Is Arkansas the most landlord-friendly state in the U.S.? 21-day eviction.

17:53 Provider’s buying criteria: neighborhood, desirable amenities, safety, property age.

21:04 Better areas, better finishes, better tenants = better investments.

21:52 Price point often $85K - $100K. Rent-to-value ratio.

23:33 Appreciation rate.

26:18 Character of renters.

30:16 Management structure.

31:45 Tenant qualification.

34:12 Extent of turnkey renovations: often new roof, HVAC and water heater. HW floor, LVP, vanities, bathrooms, etc.

40:03 Warranties. Not many Section 8 tenants in their portfolio.

43:52 Little Rock Turnkey offers tours.

44:33 LittleRockTurnkey.com | (501) 951-7100 | [email protected]

Resources Mentioned:

Little Rock Turnkey

Corporate Direct

Norada Real Estate

Mid South Home Buyers

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Transcript

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0:00.0	Get Rich Education is brought to by Norad of Real Estate, Corporate Direct, and Mid-South Homebuyers.
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1:00.8	We look forward to assisting you at CorporateDirect.com.
1:08.9	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 anything else, and can provide you with more wealth and happiness than you ever thought possible.
1:30.0	Now, here's your host, investor,
1:41.0	entrepreneur, business owner, and educator, Keith Weinhold. Welcome to Get Rich Education. This is episode 89. I'm your host, Keith Weinhold, but you're not here for me,
1:45.7	you're here for you. Today we've got the kind of learning for you that can really build
1:51.7	your wealth in an actionable way. And this stuff right here excites me, providing value for you.
2:00.2	When you have enough passive income that you can
2:02.5	essentially buy time and fill that time the way that you want to, that's freedom. And
2:08.6	you start to realize the difference between merely living and being alive. I mean,
2:14.8	why merely live when you can be alive? Today, I'm bringing you a market profile of
2:21.5	Little Rock, Arkansas. That's a market profile as it relates to real estate investing interests,
	...

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