Is it a good investment to buy a second property in Arkansas?
Answer:
Great place to live and cheap to buy but don't expect a huge profit when you sell. I will give you an example. I bought my first house in 1999 for 90,000. Great school, brand new 1300 sq house will a few upgrades. The lot was 80 ft by 110 ft. I sold it for 105,000 in 2004. Now I bought my second house in 2004 with 2300 sq BEAUTIFUL craftman style house for 158,000.00 today I could sell it for about 180,000.00. I am in the Little Rock area but I believe Bentonville, Rogers and Fayetteville area would be better investments due to Walmart Coorporate offices located in the area.
If you like Arkansas, than it is...it's the country life.
I doubt it is a good investment to buy anything in Arkansas.
That's entirely up to you. But I would stay away from *anything* real estate related until we see the extent of the implosion.you'll get far better deals after the real estate bubble collapses.
No, at least not in my opinion. But that also depends on where you are looking to buy. Remember, the economy in Arkansas is very low, in most areas. I would consider buying only in the bigger cities: Little Rock, Hot Springs, Jonesboro, Searcy, just to name a few. There are some bigger towns in South Arkansas. Also in the Northwest part of the state there is a tourist town. So it really depends on what kind of investment you are looking to return. Good luck!!
sometimes the decisions are from one extreme to the other be careful what you want you just might get it. know and write down how u have the illusions of grass is greener on the other side of the fence, it may be cheaper but is it going to place you where you can further your opportunities. if table rock has still got water go see what you like and what it does to your pocket book and check what else is in the east coast near the water, and south where it is warmer too. find a place where the opportunities are endless
In most ways Arkansas is the opposite of New Jersey, so you might want to check the area out real good before you make an investment. It looks pretty in pictures, because it's always damp or raining. This kept me from wanting to go outside and caused a lot of illnesses in my family. I'm happy in Florida now.
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