Anyone own rental property in OMA/LNK?

[Seaofred92]

Curious if anyone either owns rental property in Omaha or Lincoln area as I’m contemplating dabling in this space in NE. Want to learn more about what areas have consistent bookings and good margin. Open to STR or LTR but probably prefer a LTR and consistent tenant. TIA.

 

[Tyneb23]

I have a few in Bellevue and Lincoln. DM me for questions

 

[Jim14510]

You should talk to your accountant.

 

[Huskersballz]

Do you plan on buying turnkey properties or value add?

 

[Seaofred92]

Do you plan on buying turnkey properties or value add?

Prefer turnkey given I’m out of state

 

[Seaofred92]

You should talk to your accountant.

Get ready lol

 

[Huskersballz]

Prefer turnkey given I’m out of state

Definitely a lot slimmer margins in turn key right now with rates being high. Just make sure rent covers mortgage/management and some cushion. Not every property will cash flow with these rates right now.

There’s more juice if you can go the rehab/value add route but dealing with contractors, etc and rushing to get the house ready while paying the mortgage with no income is stressful to say the least.

There’s a pretty active Omaha Real Estate Investors Group that has a Facebook page and does in person meetups, may be worth it to partner with some more experienced investors if you have capital to deploy.

 

[CybrrMonky71]

I have a couple in north bottoms
Area has changed
It’s a gold mine
Perfect location due to proximity of UNL
Area not as trashy as it was a decade or 2 ago
If the property is updated u will get max $s & don’t really need to advertise to get tenants bc everyone knows someone with kids in school needing housing close to campus
Those who bought houses down there for 20k during the housing crash are laughing to the bank now