Buying A Investment Property in Omaha and Council Bluffs Fast (2024)

By Chris Harter

Buying A Investment Property in Omaha and Council Bluffs Fast (1)

Buying investment property in Omaha and Council Bluffs is a great way to build wealth for you and your family. In our latest post, we will give you some advice on getting started and show you why the process has never been easier than it is right now.

For some people, the idea of buying an investment property can seem overwhelming and unattainable. However, with today’stechnology and real estate market, buying investment property has never been easier! Keep reading to learn more about how simple getting involved with Omaha and Council Bluffs real estate investment can be!

Availability of Information

With today’s technology, you can learn almost all you need to know about a property just by utilizing a few key property searches. You can find building information, ownership information, tax history, zoning information, and more, all with a few clicks of your mouse. Ofcourse, you’ll want to have a title company check the title history to make sure everything is good before completing the purchase.

The beauty of having all of this information right at your fingertips is that now, you have the ability to find and purchase property all over the country and even all over the world. Typically, you’ll want to see a house before buying it, but in some cases, you won’t even have to! You could even send a scout to the property to make sure things look good, allowing you to purchase an investment property from the comfort of your home. Many times, the closing can be handled remotely, meaning you could buy a house in Arizona while sitting on your couch in Ohio!

Networking

All over the country, there are networking groups dedicated to real estate investors in Omaha and Council Bluffs. This is a place for direct cash home buyers in Omaha and Council Bluffs to learn about the real estate market, the process of buying and selling a house fast in Omaha and Council Bluffs, and properties that might be up for sale soon. Even if the first group you try doesn’t seem like a good fit for you, keep trying. It’s important to build a circle of people with similar interests, especially in this industry. A lot of information is sent via word of mouth, and knowing the right people will ensure you know exactly what is going on. Networking with other home buyers in Council Bluffs and Omaha will provide you with a place to address yourquestions and concerns about a particular deal. Through networking, incredible partnerships can be formed, drastically altering the future of your investment career. Don’t be afraid to take the first step and get out there. You’re not going to regret it.

Crowdfunding

Because of the heightened interest in real estate investment across the country, more and more people are choosing to pool their investment dollars with other like-minded individuals. Doing this allows individuals to invest in profitable properties they might not have been able to on their own. Crowdfunding allows you to be involved in the purchase of larger investments such as apartment buildings and shopping centers. Before investing your money into any sort of deal with other home buyers in Omaha and Council Bluffs, have an attorney look over the contract to make sure things are on the up and up. You don’t want to find yourself, victim, to one of the many “get rich quick” schemes you see out there, encouraging you to pay thousands, making big promises, only to never be heard of again. The details of the purchase should be made perfectly clear so there is no room for disagreement down the road or when an issue arises.Once you have found a trustworthy and transparent crowdfunding opportunity, you should immediately be able to see your profits grow. Soon, you’ll have enough to begin making these major investments all on your own!

Professionals To Help

Thanksto the popularity of HGTV and all of the DIY shows out there, the interest in property investment is at an all-time high. As such, there are professionals out there who dedicate their lives to helping people get started with real estate investment. Harter Investments is a local company, here to help you with your real estate goals. Whether you are a novice direct cash home buyer in Council Bluffs and Omaha or a seasoned professional, Harter Investments is here to help you find the right properties, answering any and all of your questions along the way.

You should also be able to find a number of contractors who understand what you are trying to do and take the steps to make the repairs as quickly and as efficiently as possible. Once you have completed a deal or two, you’ll slowly begin building your team. Before you know it, you’ll be using the same people on each deal. With us, you’ll learn how each other works and be able to find a reliable person you can turn to during the investment process. If you are thinking you need a professional to help you buy an investment property in Omaha and Council Bluffs, good news! We buy houses in Omaha and Council Bluffs which means we can help you buy great investment property in the area. Harter Investments got you! Call Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!

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Buying A Investment Property in Omaha and Council Bluffs Fast (2024)

FAQs

Is Omaha, Nebraska a good place to invest in real estate? ›

With a strong economy, a diverse housing market, and strategic development initiatives, Omaha has become an attractive destination for real estate investors.

What is the 2 rule for investment properties? ›

What Is the 2% Rule in Real Estate? The 2% rule is a rule of thumb that determines how much rental income a property should theoretically be able to generate. Following the 2% rule, an investor can expect to realize a positive cash flow from a rental property if the monthly rent is at least 2% of the purchase price.

What is the 1 rule for investment property? ›

The 1% rule of real estate investing measures the price of an investment property against the gross income it can generate. For a potential investment to pass the 1% rule, its monthly rent must equal at least 1% of the purchase price.

How to avoid 20% down payment on investment property? ›

Yes, it is possible to purchase an investment property without paying a 20% down payment. By exploring alternative financing options such as seller financing or utilizing lines of credit or home equity through cash-out refinancing or HELOCs, you can reduce or eliminate the need for a large upfront payment.

What is the average property tax in Omaha Nebraska? ›

Just How High are the Property Taxes? According to the Nebraska Department of Revenue, in 2020 the average property tax rate in Douglas County was 2.3094% while Sarpy County (Papillion, Bellevue, and Gretna) was 2.2809%.

Are Nebraska property taxes high? ›

Here's something you might want to keep in mind: Nebraska has some of the highest property tax rates of any U.S. state. The average effective property tax rate in Nebraska is 1. 61%, which ranks among the 10 most burdensome states in the country when it comes to real estate taxes.

What is the 50% rule in real estate? ›

The 50% rule is a guideline used by real estate investors to estimate the profitability of a given rental unit. As the name suggests, the rule involves subtracting 50 percent of a property's monthly rental income when calculating its potential profits.

What is the property 50% rule? ›

Essentially, the 50% rule is a simple and effective tool used by investors to estimate the operating expenses of a rental property. It is based on the premise that roughly 50% of the gross income generated by a property will be consumed by operating expenses, excluding mortgage payments.

What is the 50% rule in investing? ›

The 50% rule in real estate says that investors should expect a property's operating expenses to be roughly 50% of its gross income. This is useful for estimating potential cash flow from a rental property, but it's not always foolproof.

What type of loan is best for investment property? ›

Home equity loans

They can be used to finance a variety of expenses, including the purchase of an investment property. Borrowers can often obtain up to 85% of their home equity (which is the value of the property minus the amount owed on the mortgage).

How much down payment for a 200k house? ›

Conventional mortgages, like the traditional 30-year fixed rate mortgage, usually require at least a 5% down payment. If you're buying a home for $200,000, in this case, you'll need $10,000 to secure a home loan.

How much should I put down on an investment property? ›

How much down payment do you need for an investment property loan? As a rule of thumb, buy-and-hold real estate investors normally make a down payment of around 20-25% when financing an investment property, although some loan programs offer investment property financing with down payments as low as 15%.

What is the housing market like in Omaha Nebraska? ›

The Omaha housing market is very competitive. Homes in Omaha receive 2 offers on average and sell in around. The median sale price of a home in Omaha was $267K last month, up 6.4% since last year. The median sale price per square foot in Omaha is $149, up 2.8% since last year.…

Is real estate good in Nebraska? ›

In Nebraska, limited housing inventory has been a consistent market trend, leading to increased prices. According to recent data, the average median home price in the state is $283,000, up by 17.9% year over year. Buyers must contend with fewer homes for sale which may drive up housing demand.

Is Omaha a buyers market? ›

Sale-to-list price ratio: 100% Homes in Omaha, NE sold for approximately the asking price on average in March 2024. Omaha, NE is a seller's market in March 2024, which means that there are more people looking to buy than there are homes available.

Is it worth moving to Omaha Nebraska? ›

Omaha offers a lower cost of living than many other major U.S. cities. The job market is strong and diverse, with opportunities in healthcare, finance, technology, and more. It's an easy place to live in.

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