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David Tyler Mills

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Displaying blog entries 1-10 of 218

Ever Thought About Real Estate Investing?

by David Tyler Mills

With the economy still fighting to recover, investors are struggling to find profitable opportunities for their money.  Even in the midst of foreclosures, would you believe that investing into real estate is a valuable option?  That’s ok.  Roll your eyes, but let’s take a moment to consider the facts. 

Foreclosures are prominent.  People are simply not making enough money to pay for their homes.  They are being forced to move.  Immediately buying a new home is out of the question.  Moving out of town comes with high costs, both financially and emotionally, especially if the owner has a job and a family. 

The only financially viable option for most victims of foreclosure is renting.  As an investor, an important factor comes into mind.  What counties have the most foreclosed homes?  According to www.RealtyTrac.com, Benton County contains the most foreclosed homes in Arkansas with Washington County coming in at third.  McNaughton Real Estate’s website, www.allNWAhomes.com, has accounted for over 1,000 foreclosed homes in Washington, Benton, and Madison County.

The availability of foreclosures are evident, but what about the demand?  Having multiple, massive corporations such as Tyson, JB Hunt, and Wal-Mart stationed in Northwest Arkansas creates a significant inflow of rentals.  In addition, Arkansas’s flagship university, the University of Arkansas, in Fayetteville continues to pull renters throughout the world with this year being a record-breaking enrollment count for the university.

If the demand isn’t enough incentive to invest, then consider the quick return a rental property can provide.  With historically low interest rates, hovering around 4%, and low prices, NOW is the time to buy.  The increase in demand has also provided a healthy increase in rental prices. 

Inevitably, real estate investors gain a sense of pride in owning something tangible like land and/or a house compared to owning a small sliver of a corporation that stocks give.  These investors also have greater control in managing the value of their assets with the option to enhance, add-on, and renovate their property.  In addition, many real estate investors feel compassionate about offering an affordable home for families in need of shelter during this economic dip.

For everything that has a pro, there is always a con.  Many investors find it difficult to make time to search for quality tenants, have access to a network of contractors for maintenance, and be available for major and minor emergencies.  Fortunately, McNaughton Real Estate can alleviate the stress with their expertise in property management.  With McNaughton Real Estate you can expect:

  • A Property Management Team with 25+ years of experience whose primary focus is to protect your investment.
  • A vast network of local contractors, which can help you find the most cost-effective bid.
  • A quality tenant due to helpful insights with our credit and background checks.
  • Inspections to ensure security in your investment.
  • A 24/7 maintenance request line.
  • Abundant leads with our strong presence on the Internet and with our 35 years worth of referrals. 

We want to help maintain your focus on building your portfolio.  Allow us to protect what is yours and to advise you on any new opportunities that hit the market.  A professional Certified Investor Agent Specialist will be here to help you every step of the way.  

How to Buy a HUD Home

by David Tyler Mills

Here at McNaughton Real Estate, we are asked everyday on how to buy a HUD home.  Rightfully so, HUD homes are the hot topic in terms of getting the most value out of your investment.  Believe it or not, it is surprisingly easy to buy your own.

  1. Get a Pre-Approved letter.
  2. View the Property with a McNaughton Realtor®.
  3. Submit your Bid.
  4. Submit your Contract Package to Asset Manager.

Not only is it that easy, we’ll do steps 3 and 4 for you!  Don’t let the buying process keep you from a great investment.  Check out all the HUD homes in Northwest Arkansas at www.allNWAhomes.com and give us a call!

RD Loans

by David Tyler Mills

Luckily for Northwest Arkansas, banks offer a financial loan option known as Rural Development Loans (RD).  In many areas, this loan allows you to have 100% financing (meaning NO MONEY DOWN), and sometimes it allows you to finance your closing costs.  Give Kelly Franks a phone call at 479-387-4387 to find out if you qualify for this product.  It only takes 15 minutes!


Home Inspections

by David Tyler Mills

When purchasing a home, one of the most important steps you should take is having a home inspection.  Most home inspections cost about $275, and it well worth the money considering that buying a home is one of the biggest investments most people will make.  Many homeowners that failed to have their home inspected find that their repair bills in the thousands.  If you would like a referral to a home inspector, give us a call!

Homes are selling fast!

by David Tyler Mills

It's a buyer's market!  Homes are selling fast here in Northwest Arkansas.  Give us a call to help you find some amazing deals on any home ranging from HUD homes to short sales to quality homes to much more!


Available Rental Properties (2/21/2012)

by David Tyler Mills

The following are our available rental properties.  Give us a call at any time to schedule a showing.  Check out our website for a current list of our rentals.

1297 Deerfield, Fayetteville

rent: $895

Deposit: $700

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • Split Floor Plan
  • Covered Back Patio

Directions: Head south on N College Ave toward E Masonic Dr.  Turn left onto E Township Rd.  Turn right onto N Crossover Rd.  Turn left onto E Huntsville Rd.  Turn left onto Deerfield Way (Destination on the left.)

424 Malinda, Fayetteville

rent: $800

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Car Garage
  • Pets: Negotiable
  • Fireplace
  • Back Porch

Directions:  Head south on N College Ave toward E Masonic Dr.  Turn right onto E Appleby Rd.  Take the 1st right onto N Wayne Dr.  Turn left onto E Village Dr.  Take the 2nd right onto E Malinda Dr (Destination on the left.)

747 Richland, Elkins

rent: $825

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • Fenced Backyard

Directions: Head south on N College Ave, turn left on E. Township, turn right on N. Crossover, turn left onto AR-16/E. Huntsville Rd, turn right onto Oakwoods Drive, take the 1st left onto White River, take 1st right onto Richland Creek Road (Destination on the left.)

2245 Brookview, Elkins

rent: $800

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • Split Bedroom Plan
  • Large Kitchen
  • New Paint

Directions: Head south on N College Ave toward E Masonic Dr.  Turn left onto E Township Rd.  Turn left onto AR-16 E/AR-16 Scenic E/E Hunstville Rd.  Continue to follow AR-16 E/AR-16 Scenic E.  Turn right onto Meadowbrook Dr.  Take the 1st right onto Scenic Oaks Ave.  Turn right onto Brookview St (Destination on the left.)

103 Alberta, Farmington

rent: $675

Deposit: $550

  • 3 Bedrooms
  • 1 Bathroom
  • 1 Car Garage
  • Pets: Negotiable
  • New Paint
  • Fenced Backyard

Directions: Head north on N College toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540.  Take exit 62 to merge onto US-62 W/S Shiloh Dr toward AR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Continue onto E Main St.  Turn right onto N Broyles St (Destination on the right.)

176 Plover Cove, Farmington

rent: $550

Deposit: $500

  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Car Garage
  • Pets: Negotiable

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Take exit 62 to merge onto US-62 W/S Shiloh Dr toward AR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Continue onto E Main St.  Turn left onto AR-170 W/S Hunter St.  Turn right onto W Rainsong St.  Take the 1st right onto Killdeep Dr.  Turn left onto Plover Cove (Destination on the right.)

131 Briarmeadow, Farmington

rent: $550

Deposit: $500

  • 2 Bedrooms
  • 1 Bathroom
  • Pets: Negotiable
  • Fireplace

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540 S.  Take exit 62 to merge onto US-62 W/S Shiloh Dr towardAR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Continue onto E Main St.  Turn left onto S Hunter St.  Turn the 3rd right onto Briarmeadow St (Destination on the left.)

129 Killdeer, Farmington

rent: $625

Deposit: $550

  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Car Garage
  • Pets: Negotiable
  • Fireplace

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540 S.  Take exit 62 to merge onto US-62 W/S Shiloh Dr toward AR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Continue onto E Main St.  Turn left onto Southwinds Rd.  Take the 2nd left onto Killdeer Dr (Destination on the right.)

3838 Lilac, Fayetteville

rent: $795

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • Fenced Backyard

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Take exit 62 to merge onto US-62 W/S Shiloh Dr toward AR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Turn right onto S Camillia Ln.  Turn right onto W Lilac Dr (Destination on the left.)

3092 Essex, Fayetteville

rent: $750

Deposit: $650

  • 2 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotialbe
  • All Appliances
  • Wood Floors

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540 S.  Take exit 64 for Wedington Dr toward AR-16 W/AR-112 E.  Turn right onto AR-16 W/W Wedington Dr.  Take the 1st right onto N Shiloh Dr.  Take the 1st right onto Giles Rd.  Take the 1st right onto W Wildflower St.  Take the 1st right onto N Pine Cone.  Take the 1st left onto Essex Dr (Destination on the right.)

2833 Peg, Fayetteville

rent: $795

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • New Paint
  • Fenced Backyard

Directions: Head south on N College Ave toward E Masonic Dr.  Turn right onto E Appleby Rd.  Turn left onto N Peg Ln (Destination on the right.)

1655 Timbercrest, Fayetteville

rent: $750

Deposit: $650

  • 2 Bedrooms
  • 2 Bathrooms
  • 1 Car Garage
  • Pets: Negotiable
  • Real Hardwood Floors

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540 S.  Take exit 64 for Wedington Dr toward AR-16 W/AR-112 E.  Turn right onto AR-16 W/W Wedington Dr.  Take the 1st right onto N Shiloh DrN Shiloh Dr turns slightly left and becomes W Dorothy Jeanne StW Dorothy Jeanne St turns right and becomes N Florene St.  Turn left onto W Anne St.  Take the 1st right onto Timbercrest Ave (Destination on the left.)

Coming Soon!

3720 Huntsville, Fayetteville

rent: $650

Deposit: $550

  • 3 Bedrooms
  • 1 Bathroom
  • Pets: Negotiable
  • New Carpet
  • New Paint
  • Must Schedule Showing
  • Available March 1st

Directions: Head south on N College Ave toward E Masonic Dr.  Turn left onto E Township Rd.  Turn right onto N Crossover Rd.  Turn left onto E Huntsville Rd (Destination on the left.)

3738 Lilac, Fayetteville

rent: $795

Deposit: $650

  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Car Garage
  • Pets: Negotiable
  • Fenced Backyard
  • Must Schedule Showing
  • Available March 1st

Directions: Head north on N College Ave toward Millsap Rd.  Make a U-turn at Joyce Blvd.  Slight right onto US-71 BUS S.  Keep left at the fork and merge onto I-540 S.  Take exit 62 to merge onto US-62 W/S Shiloh Dr toward AR-180 E/Farmington/Univ. of Ark.  Turn right onto Martin Luther King Jr Blvd.  Turn right onto S Dinsmore Trail.  Turn left onto Crape Myrtle Pl.  Turn right onto Chinaberry Ln

 

How's your Home Search Going?

by David Tyler Mills

If you see a home that interests you, let us know!  We will be more than happy to show it to you!  Happy President's Day!

Thinking about Leasing your property?

by Shonnie Gilbreath

Housing Crisis to End in 2012 as Banks Loosen Credit Standards

by David Tyler Mills

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.

The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.

Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.

However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.

Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.

Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”

In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.

While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.

Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generation actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.

Source: Krista Franks, dsnews.com, 1/24/2012

Luxury Treehouses

by David Tyler Mills

I bet you wish you had these when you were a kid...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Displaying blog entries 1-10 of 218

Contact Information

Photo of Don McNaughton Real Estate
Don McNaughton
McNaughton Real Estate
4299 W. Persimmon
Fayetteville AR 72704
479-442-9099
Fax: 479-442-0948
       

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