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All Forum Posts by: Jason James

Jason James has started 1 posts and replied 8 times.

Post: Seeking Real Estate investing advice

Jason JamesPosted
  • Investor
  • USA
  • Posts 9
  • Votes 9
Quote from @Joey Montefinese:

Thank you Nick! I am open to other States and investing out of town - I was interested in Duplexes, but not finding too many yet. I have been looking in various States such as South Carolina, Florida and Omaha


Hi Joey, I am local here to Omaha. Great cost of living and we've definitely seen our share of people moving to the midwest. I think others have given great advice but, I wouldn't be too afraid of investing out of town if you plan to go big as you won't have time to work on properties yourself (or should try to avoid the temptation 😅) as you scale. The midwest is also attractive due to property values being at a point where you can get more doors for your $. House hacking was brought up and is definitely a tried and true strategy all while helping you keep your monthly expenses manageable if you are headed the fulltime investing route. We do have some new regulations being imposed on wholesaling so finding off-market deals might look different in the months to come however, I'd always be happy to answer any questions or even help be your eyes on the ground if something came on your radar. I helped a former business partner build 120 doors from his beachside property in California before branching off on my own. My team wholesales currently in Omaha. Small multi-families are definitely hot and rare, with inventory right now you will see most go live on market. Let me know if I can ever help and wish you the very best on your investing journey! 

Post: South Omaha Wholesale Deal

Jason JamesPosted
  • Investor
  • USA
  • Posts 9
  • Votes 9

Talk about helping provide solutions for all parties! Helping the seller take their next steps, while not only sourcing but.. providing the means to move forward for the investor! Awesome entry, thanks for sharing!

Post: Finding First Project

Jason JamesPosted
  • Investor
  • USA
  • Posts 9
  • Votes 9

Local Omaha Investor, with 100+ wholesale deals and helping grow to 120+ units in the area over the past 4 years. I will only speak for our market but, figure most would apply elsewhere too. 

Are there any red flags with these regions? - The first thing that comes to mind are foundations. As with anywhere this can be a very costly oversight. Depending on when the property was built it could have a block or red brick foundation. Avoid red brick if you can and if you must go with it, have someone experienced look at it. At least here in that pricepoint, you are limited to a SFH but, totally doable. I'd be happy to help you find one, should you decide Omaha is the market for you. I'm also happy to answer general questions just drop me a message!

Is it a mistake to consider the rural areas that are tied to these metros? - I would stick to the metro areas if planning on offloading quickly. Which being one of your first flips/investments in the area, you probably are wanting to "realize" the profit from your investment sooner than later. More buyers in the metro areas, Omaha for one is seeing a bit of a tech boom getting new Amazon, Facebook, and Google data centers. 

We have been looking on craigslist and on county/city auction lists. Of course we see some on zillow, but nearly all of these properties are priced for retail. We skim Facebook Marketplace (the functionality is rough). Are there any other places we should be looking? - Yes you need to join local Facebook "Real Estate Investors of City name here". They typically have a list of cash buyers, add yourself to that list and start getting deals sent your way. You are looking for wholesalers, typically not realtors, and never market ready properties unless you have a long term buy and hold strategy in a good area that sees a good upside for growth. Again I'm happy to help explain in further detail or to put you in contact with someone I know in the midwest. I have friends in most of the markets you mentioned.


Let me know if I can help in anyway. My wife and myself can definitely relate to where you are and from what it sounds like share your ambition! If you ever visit Omaha for an explorative trip let me know and I'd be happy to show you around! Take care and I wish you the very best in your endeavors! 

Definitely want to start watching podcasts and youtube videos. I suggest Brent Daniels, Todd Toback, John Martinez, etc... From there you really want to figure out how to run good comps and rehab estimates. In the beginning it's best to run your ideas through some seasoned investors maybe even JV your first few deals as the experience and knowledge will be worth far more than the little profit you share with someone. Also don't forget about the 2 local REI meetings, definitely good to go to. I just sent you a PM, best wishes!

Post: NEW Omaha emerging RE investors meet up!

Jason JamesPosted
  • Investor
  • USA
  • Posts 9
  • Votes 9

Sounds like a great idea! I love the other two groups but, wouldn't mind adding a 3rd. How will you be sending out the invites, is there a FB Group? I'd be bringing at least 1 as well

I've been a PM, wholesaler, and Acquisition director for a private investor but, have never owned a rental property myself. I feel because I assumed there would be no way I could get funding other than writing a personal check. I have acquired many profitable properties and have been fortunate to do well wholesaling. It's always a bittersweet feeling having to see your deal be passed along. Which leads me to trying to find the right method (I'm well aware of seller financing and have personally sold deals for a private investor on lease options and land contracts) in which someone without a great credit history can purchase rental properties. I have very little experience in the funding side as my private investor always lined up the funding, I just negotiated the p/a and worked directly with sellers. From there I would manage the properties, coordinate the rehabs, and lease any vacant units. I feel like I have a pizza with a slice missing. I'm not necessarily looking for someone to explain which route to explore, I am sure it's well covered with a search function. I am looking specifically in which method to explore, that would most likely work well as long as the deal makes sense. Ex: I have a great deal, numbers makes sense, so much sense that the credit doesn't matter. Any advice would be helpful. I do have financial income over 6 figures but far from a millionaire if that changes things at all. I just foresee scaling being my largest hurdle as even setting aside over half of my income, it will take me quite a long time to replace what I am earning. Thank you in advance and appreciate your time reading through this.

Yes there are two local meetings. If you look up Omaha REI on facebook a few groups will pop up. Go apply to join them and then you will be able to see when the meetings are. Fantastic thinking and wish you all the best. If I can ever help let me know, Omaha native and resident myself!

Thankful you shared! Love seeing fellow investors here in Omaha having great success!