Buying rentals in Central Nebraska

[David A.]

Hello All. I would like your thoughts on rental property CoC ROI in central Nebraska (Hastings, Grand Island, Kearney) vs other areas in the US. The properties that I have looked at so far all seem to have low CoC (when you account for vacancy, CapEx, R&M, & property management). I'm starting to think that the return just isn't at a desirable level in central Nebraska vs what I can get from... lets say Stocks.

I am looking for multifamily units (ideally 4 plex) that are 1bd/bth or 2bd/1bth per unit. I currently live in Northern Colorado and will be investing from a distance and hiring a local property management company. I am looking to buy in Central Nebraska because this is where I grew up, my family still lives in the area, I have a pretty good network of people, and I feel like I know the area. I am very interested in any thoughts you want to put out there.

[David A.]

Ryan & Adam thanks for the feedback. It gives me renewed hope for finding my first rental property in my home state. @Adam Giles, I am curious how you found SE Nebraska if you are originally from Maine and now are in Arizona. I really like the strategy of keeping rents slightly below market to ensure occupancy. I'll start running with higher numbers and see if I can pull the trigger on a deal. Thanks again.