All Forum Posts by: David A.

Hi @Joseph Post, How did the evaluation go with the property? Did you decide to doze it in or rehab? I'm looking a buying some rentals in Hastings. I see a lot of older houses in the area and am curious what you concluded.  

Thanks @Ryan Mahoney. I have heard of Walt before too. I’ll check him out.

Howdy central Nebraskans. I’m looking to get some recommendations for local home inspectors around Kearney, Grand Island, and Hastings. If you’ve had some one do a great job for you please let me know. I have some properties under contract and need to get them inspected. Thanks for any recommendations. Have a Merry Christmas.

@Benjimen Elliott Johnston how did this opportunity turn out for you. I am starting to look into something similar and would also like to know what you found out. Feel free to IM me directly if you want. Thanks. 

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. 

@Samantha Sinsel I see you are getting your real estate license. Are you looking for customers? Do you already own a rental(s) in Central Nebraska? If so, are they Multi or single?

@Joe Lambert That makes me think that the rents I have been using for the area are too low and I could increase my rent estimates. Supply and demand. I have been using $400 for 1/1 bd/bth, $500 for 2/1 and, $600 for 3/1. This was for Hastings though. What rent estimates are others using for the different areas?

@Mark Maly - I'm seeing stuff in the range of 6% ROI. To me, that doesn't feel high enough given my average market returns of 8% and stocks are more liquid. What are you seeing in the Omaha/Lincoln area?

@Ryan Mahoney - Congrats on the duplex. Have you done some flipping in the area as well?

Howdy Dalton, 

I'm originally from the area (Hastings area, now in Northern Colorado) and am currently trying to find rentals in the same area. Been analyzing a lot of different deals (some MLS, some off market, Single Fam, and MultiFam) and finally under contract on one. However, as I have been doing the due diligence, the deal is starting to align with the other deals I have analyzed. I would be interested to hear what kind of CoC results you are seeing with the deals you have been getting.

Feel free to message me and we can share or findings. 

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.