Little Rock, Arkansas

Property

Sample Units:

Why This Provider?

  • They have been providing cash-flowing properties to GRE listeners since 2015
  • They offer a “cash-flow after close” guarantee
  • Each turnkey property comes with a 1-year “bumper-to-bumper” warranty

Team

Property Management:

  • Low-cost in-house property management
  • Screening process includes reviewing the highest number of applicants possible to find the best tenant for your property
  • No applicable fees for tenants, which helps increase the number of applicants

Get Pre-Approved:

Prior to contacting this provider, if you plan on conventional financing, please consider the following. You will likely need:

  • A down payment of at least 20% for single-family homes and 25% for multi-families
  • A low debt-to-income ratio
  • 2 years of job history with a U.S. company or 2 years of self-employment history
  • Six months of reserve funds
  • A credit score of at least 680 (higher, is ideal)

In order to prepare for your pre-approval, start gathering the following documents. Your lender may require more documentation, but you should be ready to provide copies of these documents, at a minimum:

  • Last 2 paystubs
  • Last 2 months of bank statements (all pages should be included)
  • Last 2 years of tax returns and W2s

GRE recommends Ridge Lending Group.

Market

Market Profile:

Little Rock is Arkansas’ capital and largest city, situated on the Arkansas river. Its existence is due to its valuable location on the banks of this tributary of the Mississippi, and its river port is still active and critical infrastructure. Two interstate highways intersect in Little Rock. The closest large city is Memphis, Tennessee, about 2 hours away. Little Rock has steadily grown in population over the past 10 years, surpassing 200,000 residents in 2021.  Major employers include University of Arkansas, Baptist Health, Little Rock Air Force Base and the Arkansas Children’s Hospital.

Quick Facts:

  • Headquarters to AT&T, Windstream Communication, Dillard’s and many other large companies
  • Home to one of the largest public employers in the state; University of Arkansas for Medical Sciences
  • Cost of living is 6% below the national average
  • The economy has a proven ability to weather economic downturns

Population: 202,591
Metro Size: 750,936
GDP Per Capita: $67,123
Cost of Living60.50
Area: 123.oo square miles
Elevation: 334ft
Region: The South
Time Zone: Central (GMT-5)

Resources

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