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Updated 8 days ago, 12/07/2024
Investing in Omaha, NE.
Hello,
My name is Brendan. I am a 25 year old aspiring RE investor. I have worked in real estate debt since graduating in 2021, so I have solid (but not expert level by any means) experience with underwriting multifamily properties. I have been saving for years to invest in my first multifamily property. I currently live in Boston. I would like to invest here but there are two large hurdles:
Negative cashflow
down payment
I feel that Boston is a fantastic city to invest in.....if you are well capitalized. With that being said I have expanded my search and have been looking in Omaha, NE. Market fundamentals and economic factors seem strong and promising. I have been looking at 3-4 unit properties and stumbled upon a property located in Columbus Park. I am wondering if this area is 1) investable, 2) safe, 3) What is the long term outlook for this community? I have read on the internet that some parts are and some parts aren't safe. To me, safety is relative. Meaning, if you google Dorchester, MA (community in Boston) the safety rating it going to look awful because it compares it to a national average. In reality, the neighbor can definitely get rough, but its fine to walk on the street there during the day and in some parts at night. I have never felt in danger walking the street there.
The point of my post is that I would love to connect with somebody boots on the ground in Omaha who knows the city well. All comments are encouraged and I appreciate everyone's time!
Thank you.