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Northwest Arkansas Festivals and Events

by David Tyler Mills

With spring arriving, it seems Northwest Arkansas has finally awakened from hibernation, and it’s about time!  Sure, I love snow as much as the next guy, but it’s the festivals and various events that cause NWA to thrive.  Believe me; spring is delivering this year.

 

War Eagle Craft Fair

On May 6th through the 8th, the War Eagle Craft Fair begins.  You’ll have the opportunity to meet a variety of craft men and women and see their different creations of watercolor and oil painting, folk art, pottery, wicker items, clothing, quilts, candles, and much more.  Don’t worry about leaving hungry.  There are an assortment of unique breakfasts, lunches, and dinners being served throughout the day.  Click here for more info.

 

University of Arkansas Graduation Ceremony

On May 14th, come celebrate with all the new graduates at the University of Arkansas.  If you don’t know anyone who is graduating, you can congratulate me as I receive my bachelors in marketing.  I’ll be the one in the black gown.

 

Comedian Ron White at Walton Arts Center

On May 25th and 26th, Ron “Tater Salad” White will be gracing Fayetteville with his presents at the Walton Arts Center.  Best known for his Blue Collar Comedy debut, this comedian also claims two Grammy nominations, a Gold Record, two of the top rated one-hour specials on Comedy Central, a New York Times Bestselling book, and a number of CDs and DVDs.  For more info, click here.

 

Wakarusa at Mulberry Mountain

On June 2nd through 5th, the annual Wakarusa Music and Camping Festival will be taking place at Mulberry Mountain.  This four day camping event features over 100 bands that will be performing non-stop.  This festival is great for music and nature lovers that just simply need a break from the stresses of life.  Click here for more info.

 

It would be a real shame to miss out on these awesome events just because you don’t have a place to stay.  Yeah, you could stay at an over crowded, boring hotel, OR you could check out our condo on 2130 Garland! It has everything from a queen size bed, a pull out sofa bed, towels, all your linens, plates, dishes, a stove, a microwave, and a dishwasher, washing machine, dryer, an outdoor pool, and a flat screen television.  Also, this condo is only MINUTES away from Baum Stadium, the university, and Dickson Street!  Call for an appointment at (479) 442-9099 or visit our website at www.McNaughtonRealtors.com.  

What Kind of Real Estate Investor Are You?

by David Tyler Mills

Real estate investing has the potential to be a complicating process, but just like any type of investing, there’s a learning curve.  With a little bit of help and research, anyone can be a real estate investing guru. According to the Certified Investor Agent Specialists, there are the five different segments of investors in real estate investing.  See which segment you might be included in, and take note of each tip within the segment to help you with all of your future endeavors.    

First-Time Investor

Being a first time investor can be intimidating due to the complexities of the investing process.  Nevertheless, the vastness of knowledge should not deter anyone away.  Everyone must start somewhere, so taking baby steps is pivotal.  First-Time Investors are starry eyed individuals who have never purchased an investment property in their life.  These investors can easily be overwhelmed with information and unfamiliar with investing terminology and processes.  Here are some tips to help ease the burden: 

  •       Use free online tools, such as investopedia.com, to become familiarize with terminology.
  •       Find a REALTOR® who can provide reassurance and can update you frequently.
  •       Understand that First-Time Investors have the potential to be the most important investment type for real estate firms.  In other words, these investors have leverage. 
  •       Be prepared to have questions ready before meeting with a REALTOR®. 

Move-Up Investor

Move-Up Investors can be the same as First-Time Investors in regards to that they may have never purchased an investment property.  However, these investors already own a home with payments low enough to support it as a rental property.  Over time, a Move-Up Investor can build a portfolio of rental properties that can generate wealth.  Here are some tips to consider: 

  •      Continue to learn terminology and some basic financial formulas.
  •      Incorporate a rental strategy that is long term.  Focus on using cash flow and equity to purchase another rental.
  •      Find a REALTOR® who can provide assurance, give frequent updates, and show the potential of a home in the current rental market. 

Portfolio Investor

Investors who have previously owned property and plan to continue purchasing property every one to three years are called Portfolio Investors.  These investors incorporate these properties in their long-term investment plans.  Most real estate firms strive to acquire a loyal group of Portfolio Investors to give stability and predictability to their databases.  Consider the following guidelines: 

  •    Be comfortable with investment concepts and terms.
  •    Be knowledgeable of the local market.
  •    Find a REALTOR® who maintains constant contact, understands your specific needs, and assists with input on property management strategies.
  •    Be aware of your importance to the real estate firm.  If you’re not treated like a valued customer, find a new firm. 

Performance Investors

Performance Investors are the “Ferraris” of the real estate investors.  These rare investors purchase at least one property to hold each year.  They are usually high net-worth individuals who understand the value of large cash-flow real estate portfolios.  Also, they are highly experience and most likely have refined investment goals.  It is important for Performance Investors to find a REALTOR® the meets their specific needs.  Real estate firms will give up their left leg if that demonstrates value to these customers, so be sure to find a REALTOR® that genuinely cares.  Look for the following characteristics that your REALTOR® should possess: 

  •       Demonstrates value through thorough property evaluations, calculations, and portfolio managers.
  •       Actively and strategically utilizes networking and marketing tools.
  •       Maintains constant contact. 

Rehab and Resell Investors

The Rehabilitation and Resell Investor, also called R&R or “flippers,” purchases property, makes quick improvements, and then resells it.  These investors are not interested in buying and holding property.  They would rather make a sell within six months at the most.  Since R&R Investors are usually highly experienced, it is important for them to find a REALTOR® that: 

  •       Understands the REO, short sale, and probate process.
  •       Understands the specific buying, selling, advertising, and rehabilitation tolerances.
  •       Uses marketing and networking tools in a timely manner.
  •       Networks with contractors and R&R team members. 

One thing you might notice is the importance of a real estate agent in each market.  No matter how experienced you are, a high-quality real estate agent is essential in minimizing the risks in this recovering market.  The McNaughton Real Estate Team takes pride in extraordinary customer service and their persistence in researching real estate. If you want to dabble in the real estate market or need a loyal business consultant to help manage your portfolio, call McNaughton Real Estate today at (479) 442-9099, or visit us at 3422 North College Ave., Fayetteville, AR 72703.  We will be more than happy to help you.

 

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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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