All Forum Posts by: Owen Dashner

Hi Mark, I am active in the Omaha market in multi-family.  I just bought a 4 plex yesterday.

No problem.  I have others too, if you get into a jam - just shoot me a PM.

Hi John, you can try Rick Steinspring with Lakeside Construction if you have not already found someone.  His number is: 402-706-4152.  He is experienced in working with investors and is reasonable on prices.  Feel free to mention my name.

Good luck!

Welcome to Husker Nation and BP!  Feel free to reach out to me to network or if you need any help with the Omaha area.

Good luck and happy hunting!

@Chris Parker, welcome to BP!

I have been investing locally in Omaha and CB for 10 years.  Feel free to reach out if you need anything.

To mix things up a bit, I have actually had a goal for awhile now to get a real life Monopoly (3 rental houses on one street).  I am really close - I have 2 houses together on three separate streets.  The challenging part is to stick to my normal buying criteria for the last one because it has been tempting to relax my standards a bit just to get that last one.

Gotta keep it fun!  :)

It would take more information about your situation/finances to be able to give meaningful advice. For instance, do you have capital to fund a downpayment? Reserves? An existing business entity with a proven track record of cashflow? Several years of real estate experience? Any free and clear property to use as collateral (or other types of assets to collateralize)? Those are just a few things that would be top of mind for potential lenders, so knowing some of the answers would be helpful in order to give any advice.

1. Tell me about the property (how long have you had it, etc.) 2. Why are you looking to sell? 3. What is your goal with the property (how can you provide a solution to his problem/situation)? 4. After you've talked for while, ask, "what do you think the property is worth?" 5. How did you arrive at that number? 6. What did the units rent for? 7. Are they a conversion, or built for the purpose? 8. Are the units separately metered? 9. What are your operating expenses? 10. Why didn't the property manager work out (and who was the PM company)? 11. When was the last roof/hvac/plumbing/electrical updates? 12. Other deferred maintenance? 13. Any foundation issues and/or water intrusion? 14. Is the property in a flood zone? 15. If I offered you cash with no contingencies and a quick closing, what is the best price you can offer me? And so on. It's easier to just go with the flow of the conversation and ask questions accordingly. Some people will answer all of your questions with no prompting, others will require waterboarding before they will give any info. Remember, the seller is probably even more nervous than you are, so don't sweat it too much. Above all else, just be yourself and you will come across much more genuine than if you are trying to memorize a script. Don't worry about forgetting to ask something, just make sure to get the seller's phone and email address and you can always follow up later. Good luck!

Hi Ben,

Welcome to BP!  Nice to see another Omaha investor on here - feel free to reach out to me as well. 

- Owen

We also have state income tax plus a 7% local sales tax.  Brutal!