Multifamily Rentals in Lincoln Nebraska

[Todd Franklin]

Hello Bigger Pockets and hello Lincoln, Nebraska!

I am on an 18 month contract for a local hospital, I am an Instructional Designer and curriculum developer.  I live in Portland, OR but I am in Lincoln 4 days a week and would like to purchase and possibly live in a multifamily here during my contract.  After my contract ends I would like to continue holding this property and rent it out.  

I would prefer a 3-4 plex but am open to duplexes also, I am not opposed to lower income housing and properties that need some love. 

I am new to real estate but I would love to offer help to any investor in the area.  I am aware and plan to attend the next Investor meeting at the Grata lounge at the Clocktower Plaza on the second Monday of every month at 7 pm.  If anyone has any other suggestions please let me know and if anyone wants to chat and have a coffee please reach out!

[Stephen Anthony]

@Greg W. 9-10% caps 5 years ago to 4-5% caps now. Thousands of new construction units the last couple years. Now what's normal or what are they intrinsically value? I can't answer that, markets are always on the move, and I don't have a view of Lincoln over the past 30+ years.

Lincoln MF is higher priced than Omaha and I believe some other nearby similar Midwestern markets, though again I don't have a clear view on that.