All Forum Posts by: Jared Sveen

Hey Connor, I'm also in Lincoln, NE and would love to meet up if you're open to that.  In my opinion, Lincoln and Omaha (and surrounding suburbs) are going to be the best markets for the short and long term for a variety of reasons.  Shoot me a DM if you want to connect.

Typically each brokerage sets a minimum broker administrative commission (Also known as a BAC fee) that gets paid by buyer or seller (both sides will have one paid by the client).  They are negotiable but the realtor will have to pay that fee at a minimum to their broker upon closed transaction.  Some agents will charge a little on top ($100-200) and keep the difference whereas most will just charge whatever they have to pay to their broker.  $695 is fairly typical in Nebraska with there being some a little lower and some quite a bit higher.

Sent PM.  Thanks!

Hey! I shot you a PM.

@Ben Copley - Hey Ben! I'm a local investor in Lincoln and would love to help you if I can.  PM when you get a chance and let's connect.  I think you've got a few different options and can definitely make something work out.

@Josh Nix - Any insight on Mid Term rentals? 

@Juan Erick Rico Avalos - Josh Nix would be the go to guy for Short Term Rentals in Lincoln. I'm not sure if he's got any mid term rentals currently but he should be able to assist with insight on the sort term rental market.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $250,000
Cash invested: $60,000

1031 duplex purchase in Lincoln, NE. Great all brick duplex with New roof and solid foundation.

What made you interested in investing in this type of deal?

Had some 1031 money that needed to be placed.

How did you find this deal and how did you negotiate it?

Off market property owner that has been interested in selling it. Didn't negotiate on price but did on the terms of the seller financing that was part of the deal.

How did you finance this deal?

Seller financed with down payment coming from 1031 money

How did you add value to the deal?

Updated some of the interior items but not a lot of updates needed and goal isn't value add on this purchase but more of a long term hold for appreciation.

What was the outcome?

Cash flowing all brick duplex.

Lessons learned? Challenges?

Make sure to get the tenants phone numbers prior to closing. Had a bit of a snag with delivery of some items since the phone number provided was wrong.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nope

@Maksu Ize  Love it when people post super constructive posts on here.  You're going to go far bro.

Great question @Thuy An I only put in 65k of my own cash.  Brought in a partner to bring the other 12% to get to that 20% down.  West Gate was amazing to work with during the process and I would gladly recommend a few different people over there to work with.  They made the process extremely smooth and easy.