Our Nebraska HuskerBnb #2!

[Molly Arnott]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $289,000
Cash invested: $75,000

We bought a second short term rental in Lincoln. We've got an amazing team out there and it's been working out pretty darn well.

What made you interested in investing in this type of deal?

We really enjoy owning short term rentals! After quite a bit of research we decided to pull the trigger on buying the first home in Nebraska in March, but when this one popped up we knew it would also do well.

How did you find this deal and how did you negotiate it?

MLS, with our realtor.

How did you finance this deal?

Local bank did a commercial 5 year fixed rate amoratized over 20 years but balloon in 5 years. Super easy loan process.

How did you add value to the deal?

We didn't! It was already furnished as an airbnb previously!

What was the outcome?

Cash flow!

Lessons learned? Challenges?

NA

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nikki Headen is an AWESOME realtor in the Omaha and Lincoln, NE areas. We also have an amazing cleaning team to handles all the day to day out there if anyone ever needs a contact reach out!