All Forum Posts by: Megan Ahern

Hey Ethan

My husband and I are both realtors in Lincoln NE and have been investing in rentals and flipping full time here in Lincoln since 2018. Hit me up if we can help you out at all on your investing journey. Or even if you just want to grab coffee. [email protected]

Does it have a garage and or off street parking? That will be a big factor for rents on a busy street for a 4 bedroom. I would usually say you could get $1400 for a 4bed in Lincoln even in a not great area/busy street but the market seems to be softening a bit and you have definitely missed the summer moving season so it will be hard to rent it out now until the spring. You could do cheaper rent on a 6 month lease or something and then raise rents in the June or get someone else that will pay market. 
If you go the STR direction I would plan to pay at least $15k to furnish and outfit everything you'll need. And most likely for that winter you would be lucky to hit 50% occupancy at $150/night. But there would be some holidays etc that you could probably get more than $150/night

Hey Mark my husband and I invest here in Lincoln full time. We’d love to connect. Just let me know 

Hey Abigail. I’m an active investor in Lincoln NE and yes wholesaling is legal here. Good luck, if you get anything under contract in Lincoln I’m always looking for my next project. 

Good luck with your first deal! Let me know if I can help you out at all. 

HI 

That area is a solid mix between low income and students, but I would say mostly students. We have a couple rentals around there, one on 24 & Y and 1 on Doane, near 33rd. They are very easy to re-lease if you want college kids and if you are timing it for the lease to come up in the beginning of summer. If not you will have to drop your price fairly substantially and most likely be looking at a lower class of tenant. Our 5 bedroom would easily rent for $1700/mo every time we rolled it over in the summer. Usually 4 bedrooms go for 1200-1400,  3 - 1000-1200,  2 -  750-1000. When I first bought the Doane house though it was available in the winter and ended up taking $1250 for a 4+1 because there was very little interest in it, so the time of year is working against you. But you could always do a 6 month lease to try to release for a higher amount in the summer. I have used Wade Johnson at exchange bank and there are a lot of other investors that use Frontier Bank for portfolio lending. Good luck.

Is this your first deal? Are you investing from afar? Or what is your plan for the property?

Hey Ryan, I had been thinking of doing something similar here in Lincoln. It seems like a great idea but I haven't been able to really get rent comps on furnished units for mid length stays (like students or travel nurses etc, not airbnb short term). Have you had any luck finding pricing on this sort of thing in Lincoln? Do you have a price range that you will be charging? Will you be signing a normal lease but just make it month to month?

Hey Michael, welcome to BP. My husband and I are also an investors in Lincoln NE. Feel free to reach out if you want to grab coffee and talk real estate, or there are a few different RE meetups in Lincoln, so if you come tome one of those please come say hi. Good luck in your investing journey. Let me know if we can help you out!

Hey Kyle

I second what Josh says. But you know that already. You have your big goals, now you just have to do it. You don’t have to understand the whole process to do the first few steps and then you can figure out the rest along the way. You got this! Plus not investing in real estate is way more risky than doing it

Sounds like a good plan to me. Just be sure to run the numbers of your livin flip the same way you would as a rental and be sure to account for vacancy repairs capex and definitely management if you are going to be moving away. I also invest in Lincoln and my husband is a realtor here so if you want to get together for coffee sometime we would love to help you guys out.