All Forum Posts by: Drew Zaruba

Jay, it all comes down to what you and your investment goals are. Pref Equity is good for when a property has higher risk associated with it; means you get paid first. However, I would find a syndicator who you trust and have a relationship with. It is much easier to invest in those deals rather than with someone you do not know. 

Finding a good agent and mentor who can help you and assure you that your first deal is going to work is the best way to get through analysis paralysis. I probably walked 20-30 properties before I bought my first deal because I was convinced I could not make it work. Some of those deals were great deals! It is truly just taking action and putting one foot in front of another. Listen to your agent (as long as they have your best interests in mind) and your mentor. They will guide you through everything. 

Jessica,

Your assumptions are correct. While the market here in Nebraska is also crazy, prices are definitely lower than Colorado and it is easier to find cash-flowing properties. I have been able to find some pretty awesome deals this past year. I cannot say much on the age of properties or vacancy rates of Colorado, but vacancies here are extremely low. Nothing stays on the market long at all whether it be for sale or rent. Properties here can be also old, but most are in good shape.

I am a licensed real estate agent in Nebraska specializing in commercial and investment real estate and would be happy to help more! Let me know if there is anything else I can do to be helpful for your investment journey. It's hard, but it sure is rewarding! 

Drew

Hi guys, I am a 20 year old investor located in Kearney, Nebraska. I just purchased my first duplex, and I am looking to buy 3 more by the end of 2022. I am doing my best to network in the area but find it hard to connect with individuals who are willing to sit down and take me serious. What is the best thing I can do to find investors, get in front of them, and/or provide value to them? Thank you in advance! 

@Mark Weinberg

Facebook marketplace will be your best friend if you are looking for something like that. There’s tons on there.

Hi everyone, I am located in Kearney, Nebraska. I am currently a college student living with 3 other roommates. I am looking to do a house hack and buy my first rental property this spring. I have already been approved for a loan and have sufficient funds to start buying properties through other investments. I am wondering though if I could get some feedback. I am originally from Columbus, Nebraska. The towns are relatively the same size with Kearney slightly larger. However, home prices in Kearney are about 1.5x what they are in Columbus. Rents are slightly more in Kearney due to the college. I have family who could manage my rental for me in Columbus if I chose to invest there instead. Do I pay the premium here and house hack? Or do I take my money where it will go further and starting buying rentals in Columbus? Thanks everyone! 

@Andrew Powers I did not even realize that was an option. I will definitely call around and see what offers I can get. I appreciate your help!

Drew

Hi guys, I am new to BiggerPockets and new to real estate investing. I am a college sophomore looking to buy a house for me and my three roommates to live in next year. I plan on house hacking with them paying down the mortgage every month. However, I have not decided on if I should go with an FHA loan or a conventional loan. I have more than enough to put down a 20% down payment, but I am wondering if I should still go with an FHA loan so I have less money into the property. This would allow me to also buy another property with a conventional loan later this year to start renting out. So my question is, Should I go with the FHA loan or go through a conventional loan? Thanks guys!

Hi guys, I am new to BiggerPockets and new to real estate investing. I am a college sophomore looking to buy a house for me and my three roommates to live in next year. I plan on house hacking with them paying down the mortgage every month. However, I have not decided on if I should go with an FHA loan or a conventional loan. I have more than enough to put down a 20% down payment, but I am wondering if I should still go with an FHA loan so I have less money into the property. This would allow me to also buy another property with a conventional loan later this year to start renting out. So my question is, Should I go with the FHA loan or go through a conventional loan? Thanks guys!