Can You Really Make Money Wholesaling In Arkansas?

Want to work directly with me to close more deals? Go Here: https://www.titaniumu.com
Want the Closer’s Formula sales process I’ve used to close 2,000+ deals (FREE) Go Here: https://www.kingclosersformula.com/close


If you’re new to my channel my name is RJ Bates III. Myself and my partner Cassi DeHaas are the founders of Titanium Investments.

We are nationwide virtual wholesalers and on this channel we share EVERYTHING that we do inside our business. So if you’re looking to close more deals - at higher assignments - anywhere in the country… You’re in the right place.

Who is Titanium Investments and What Have We Accomplished?

Over 10 years in the real estate investing business
Closed deals in all 50 states
​Owned rentals in 12 states
​Flipped houses in 11 states
​Closed on over 2,000 properties
​125 contracts in 50 days (all live on YouTube)
​Back to back Closers Olympics Champion
Trained thousands of wholesalers to close more deals

_________________________________

With over 2,000 Videos, this is the #1 channel on YouTube for all things Virtual Wholesaling. SUBSCRIBE NOW!    https://www.youtube.com/@RJBatesIII

_________________________________

RESOURCES FOR YOU:

If you want my team and I to walk you through how to build or scale your virtual wholesaling business from A to Z, click here to learn more about Titanium University: https://www.titaniumu.com

(FREE) If you want to learn how to close deals just like me, The King Closer, then download the free King Closer Formula PDF: https://www.kingclosersformula.com/close

(FREE) Join our exclusive FB group community for real estate investors and wholesalers: https://www.facebook.com/groups/titaniumvault/

(FREE) Click here to grab our Titanium fleet free PDF & training: Our battle tested strategies and tools that we actually use… and are proven to work: https://www.kingclosersformula.com/fleet

Grab the King Closer Blueprint: My Step by Step Sales Process for closing over 2,000 deals (Only $37): https://www.kingclosersformula.com/kcblueprint

Grab Titanium Profits: Our exact system we use to comp and underwrite deals in only 4 minutes. (Only $99) https://www.kingclosersformula.com/titaniumprofits

Want to know what the best markets to wholesale in are? Grab my breakdown of all 50 states here: https://www.titaniumu.com/markets

Support the show

Episode Transcript

Speaker 1 (00:08):
Welcome back to Wholesaling Around the World.
Today we are going to betalking about Arkansas and my
feelings around virtuallywholesaling in the state of
Arkansas and I have to tell you,if you had asked me back in
2020, prior to the first 50deals and 50 states and 50 days
challenge, I would haveanticipated that Arkansas would

(00:30):
have been one of my leastfavorite states, just purely
based off of my knowledge ofArkansas the lack of population
and kind of really the lack of amajor metro area.
I know we have Little Rock, butoutside that it's really pretty
rural throughout the state.
But since 2020, arkansas hassurprisingly been one of my

(00:54):
favorite states to virtuallywholesale in.
Now Arkansas comes in with apopulation rank of 33rd, with
just north of 3 million peopleinside the state and, like I
said, we have Little Rock, whichis, I guess you consider it,
the major metro city for thestate of Arkansas, but in
comparison to other major areasand other larger states, it

(01:18):
doesn't really compare.
But on the wholesaling side, wehave the perfect ingredients
for what we are looking for andthat is there is a significant
number of motivated sellers anda large enough buyer pool
throughout the state thatenables us to move deals, no

(01:38):
matter the location.
Now there are a couple of thingsthat you have to pay attention
to inside the state of Arkansas.
Now, there are a couple ofthings that you have to pay
attention to inside the state ofArkansas.
First, inside of the citieslike Little Rock, hot Springs,
fayetteville, jonesboro theseare going to fall under those
markets that you really have topay attention to the as-is comps
, current market value.
Really pay attention to whatyour competition is doing and

(02:02):
the competition that iscurrently listed on the MLS.
That is one area that could getyou into trouble inside of the
state of Arkansas, because yourend buyers are going to be
willing to buy those propertiesoff the MLS and they are going
to pay attention to hey, whywould I buy this property from
you for $50,000 when I can gopick one up on the MLS for

(02:22):
$25,000?
So pay attention to the as-iscomps.
Very similar to the Kansascities, the Birmingham's, the
Detroit's areas, like that.
Now, another thing that I wantyou to pay attention to is is
not necessarily fearing that thedeal is too rural because it's
outside of that major metro likea Little Rock or Fayetteville,

(02:44):
jonesboro or something like that.
What I have learned about theend buyers in Arkansas is that
they are willing to travel, andI believe that is what
differentiates Arkansas fromsome comparable states in size
of population, because the endbuyers are willing to go outside

(03:04):
of just the major cities likeFayetteville and Little Rock.
They're willing to go to thoseconways and you also get some
carryover from the neighboringstates right.
We just did a deal in WestMemphis, arkansas, which is
obviously a carryover forMemphis, Tennessee.
The other thing that isavailable inside the state of
Arkansas is vacant land deals.

(03:25):
Vacant land can be picked upfor very cheap and there are in
buyers that are looking todevelop there as well as just
buy and kind of land bank andhold on to that land.
And so we've done severalvacant land deals from small
quarter acre lots I locked oneof those up live in Hot Springs

(03:46):
when several years ago when Iwent live with King Kong and
we've also done larger acreagedeals.
I think we've done up to 20acres inside the state of
Arkansas.
So pay attention to theopportunity that exists with
vacant land inside the state ofArkansas as well as the single
family deals.
But ultimately over the pastfive years of wholesaling I put

(04:11):
Arkansas in the top 20, despitethe fact that its population is
33rd.
And as we've been doing thesebreakdown of states, what we've
seen is normally when thepopulation is higher, ranking
where it's in the 30s and 40s.
I kind of feel like that's nota good area to wholesale in.

(04:32):
This one really beats the trendhere and kind of comes in that
top 20.
It's pretty close to the top 10.
The only thing I would say isthat as a virtual wholesaler
it's never going to contend withsome of the states like Texas,
missouri, florida, michigan,ohio, where we could get a lot

(04:52):
more leads and more volume.
But when we do get leads and weget properties under contract,
they're normally very profitable.
But just like the other statesthat you have to pay attention
to those as-is comps, the pricesare a little bit lower.
Your assignment fees are goingto be lower.
I'm not saying we haven't hadsome bangers in Arkansas.

(05:12):
I think the largest assignmentfee that we had was like $45,000
, somewhere in that range.
But the majority of the time weare ranging somewhere between
that five to twelve thousanddollar range.
That deal that we just did inwest memphis I believe we made
seventy five hundred dollars.
That's pretty typical for whatwe've seen inside of arkansas.
Now, finally, I want to talkabout the regulations inside of

(05:36):
arkansas.
There are some regulations, butthe priority inside the
regulation is making sure thatwholesalers are disclosing that
they are assigning theirequitable interest and not
marketing and selling theproperty.
That is the priority inside theregulation.

(05:58):
Otherwise they feel like you'rebrokering and you need to have
a real estate license.
So inside of the language ofyour dispo marketing packet, if
you have a disclaimer down atthe bottom that says wholesaler
is not selling the property asassigning as equitable interest,
however you want to word that,just make sure it's really

(06:21):
disclosing and disclaiming thatyou are not selling a property.
You are assigning yourequitable interest in a property
that protects you, and that iswhat they were wanting inside
the regulations in Arkansas.
So really it's one of theeasiest regulations to navigate
with, because you should bedoing that in all 50 states.

(06:43):
This is not like an uncommonthing.
It's just now, with the redflags being raised around
regulations and wholesaling.
This is something that you needto pay attention to and, of
course, you don't want to comeacross.
You don't want to get introuble.
You don't want to get a fine orreceive a cease and desist
letter from the board ofrealtors or anything like that,

(07:05):
inside the state of Arkansas.
You just want to abide by this,but I would say, hey, why don't
you just take the precautionand do that in all 50 states?
Right, we're moving towardsthat direction anyways, where
this is what they're mandating,this is what they're wanting us
to do and it's really what youshould be doing anyways.

(07:26):
So add that disclosure down atthe bottom of your marketing on
the deal and just make sure thatthe language that you use is
only around assigning yourequitable interest.
You're not selling a property.
Make sure that carries over inall of the language they use,
whether it's a Facebook post,inside of text messages that
you're not selling a property.
Make sure that carries over inall of the language they use
whether it's a Facebook post,inside of text messages that
you're sending, and also thelanguage that you're using on

(07:48):
the phone.
You never want to say the wronglanguage to the wrong person
and you never know who's goingto be a whistleblower on you.
So pay attention to thatlanguage that you're using and
you'll be protected.
Overall.
My feelings about Arkansas is itis a great state to virtual
wholesale in.
There's normally in buyersavailable, of course, are there

(08:10):
going to be super rural areaswhere it'll be a little bit more
difficult to dispo?
Yes, but that's the case inalmost every state.
What I would say is giveyourself a little bit longer
time and don't be afraid toreach out to the in buyers that
are by the nearest large city toyour property Because, like I

(08:30):
said, what makes Arkansas agreat market is the majority of
time.
Those end buyers are hungry andare willing to travel to buy
those deals.
So don't sleep on theopportunity.
Inside of Arkansas and I alsohave to say, out of all 50
states, arkansas is one of myfavorite logos.

(08:51):
We'll put it right here, jordan, throw out that logo.
That is a white-tailed deerwith apple blossoms coming off
of his antlers.
That is amazing.
That is one of my favoritelogos.
I've fallen in love withwholesaling inside of Arkansas
and I'm glad that we did thatinitial 50-day challenge where

(09:13):
we could find out a great market, because prior to that I would
have thought Arkansas would rankup there with a state like New
Hampshire, which we talked aboutlast week.
But through the experience I'velearned Arkansas is a honey
hole.
So go fishing in Arkansas,enjoy your travels there, close
some deals.

(09:33):
Let me know what you guys thinkabout Arkansas and have you
closed any deals there?
Do you agree or disagree withmy tape?
Show me some love, like today'svideo.
We'll see you guys, tomorrow.