Real estate is one of the greatest investment opportunities to create wealth, and a great market to begin generating that positive cash flow is in Little Rock, Arkansas. According to Kiplinger Magazine, Litle Rock, Arkansas is the “#1 place to live in the United States.” Not only is this the best place to live, but one of the best places to invest.
High annual cash flow and excellent ROIs are common in the real estate market of Little Rock, which is why we explain the 3 reasons to invest in Little Rock, Arkansas.
We’ll get to the those reasons, but first let’s reiterate the true value you can achieve from investing in real estate from experts weighing in on this wealth-building opportunity. At Epic Professionals they believe real estate is the “greatest vehicle for creating wealth. Real estate is accessible, appreciable, leverageable, rentable, improvable, deductible/depreciable/deferrable, stable and livable.” Those words share so true when it comes to why real estate is a powerful money-making opportunity. At Platinum Properties Investor Network, Inc., we acknowledge these benefits of creating wealth by sharing experts advice, tips and inspiration to live a stable and livable lifestyle while running a successful investment company. Tune in to our Creating Wealth show to hear from other experts and the latest news and advice in real estate.
“Successful investing requires decision making that’s objective, not subjective” – Jason Hartman
Now, for the 3 reasons to invest in Little Rock, Arkansas:
1. 4th Strongest Economy –
According to Business Week (2009) Little Rock, Arkansas was the fourth strongest economic city in the United States. Today they continue to rank high because they have held strong to their low unemployment rates and continue to see an increase in their housing prices. Their job growth is also high, ranking in at number 11 in the U.S.
Trulia recently posted their market trends of the median sale prices for homes and Little Rock, Arkansas properties was listed at $178,000 (June 2014 to Sep 2014). This represents an increase of 2% ($3,550), compared to their prior quarter results. Stay tuned, as these results are only the beginning to the rise in economy for Little Rock, Arkansas.
2. Low unemployment –
The unemployment rate in Arkansas went down to 6.3 percent in August, 2014, with three major industry sectors adding jobs last month. Nearly 2,800 government jobs were added in Arkansas with education and health services adding another 1,300 jobs in August. The employment in construction also increased with 1,300 jobs being added last month. Needless to say, employment is available in Little Rock, which is all the more reason to buy property for employees and their families searching for residence in homes.
3. Low Property Taxes –
Sorting through home property taxes, the Modern Survival Blog lists the states by median price per county, then averages the property taxes of all combined counties in each state. Findings on this list for Arkansas showed each home paying an average of $684 in home property taxes. These low prices are great for investors as property taxes are unavoidable and an expense you need to consider when determining the monthly price on your rental property to reveal any concerns for positive cash flow.
As a real estate investor you might have other concerns over vacancy on your property, however 21.39% of all home ownerships in Little Rock are rental properties, confirming there is a demand for renting homes. So your concerns can be put to rest as our highlights of why investing in Little Rock is a great way to generate wealth. Take a look through the Little Rock, Arkansas properties listed with the Empowered Investor, Inc. and see which home you can begin your investments.
Join Jason Hartman, along with Empowered Investor, Inc., for the upcoming Little Rock Investment Property Tour this September 27-28, to gain further education in real estate and first-hand experience with one of the best investors in the Little Rock market.
