All Forum Posts by: Colten Adams

It is difficult to make a recommendation for property management companies in Omaha that will manage small MF and SF. Almost all of the available options are bad. 

The one I have worked with in the past that seems to be the best option is Alan Strong with Peterson Bros Realty.

@Kent Ritter When doing a walk through on a property like this for the first time, what are some things I should look for. Do you have questions you regularly ask the sellers agent?

@Morgan Eriksson If I did decide to get a buyer's agent, would the commission come from the seller or buyer? I've heard it's usually a smaller percentage from the buyer.

Do you need a commercial buyers agent for multi-family properties? It is a 5 unit property.

@Russell Brazil Point taken ;)

@Bill Brandt Thanks for the advice. I think I am going to try harder to creatively find deals that aren't listed. Although we are experiencing a great economy right now, I'm sure there are plenty of people who are under pressure to get some money or sell their home because of their circumstances. Any ideas/strategies on how to find these people other than simply asking around?

I am 21 years old in Omaha, Nebraksa. I have a good credit score and some money saved up for an investment. I also have a few friends who are open to partnering on our first real estate deal. If possible, I would like to skip the SFR phase most investors go through and begin investing in multifamily. However, we are all open to flipping a few houses to generate some capital for future buy-and-hold investments. (I have a pretty good understanding of construction and electrical).

Because the market is very hot in Omaha right now, I have been told it might be smarter to wait about a year for the market to correct itself. I have been analyzing deals and have not found anything that appears to be a good "value-add" opportunity.

What advice do you have for my situation?