All Forum Posts by: Ted Kaasch

Best opportunity to meet, mingle and talk about your real estate success in Omaha over lunch!

Speakers will include Kenton Duncan & Shannon Snow with the Omaha Land Bank.

Great chance to meet, mingle and talk about your successes with like minded investors!

With so many unknowns about the new Landlord Tenant Act this is your opportunity for some Q&A with the City of Omaha.  What questions do you have for the city?

Investment Info:

Single-family residence buy & hold investment in Omaha.

Purchase price: $12,000
Cash invested: $100,000

Using the BRRRR method on this one and with a week left till end of renovating this looks like a home run!

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

I wanted to do one myself.

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

Found through a lead in my group. Negotiated the deal with the owner.

How did you finance this deal?

Paid cash and got a construction loan for a portion.

How did you add value to the deal?

Almost full renovation top to bottom. It needed everything!

What was the outcome?

Mortgage will be about 107,750 and it will appraised for about 145,000. The property should rented 1300-1500.

Lessons learned? Challenges?

Watch who you hire to clean your properties. On this one my cleaning crew took all of my metal! Also check the roof and see what all it will need don't assume. My 6k roof turned into 13k real fast!

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

Meet, Mingle and talk about your successes. Not a member of the Omaha REIA yet? Thats ok come check us out. Please RSVP on the Omaha REIA FB Page.

This will be a event we hold every 3rd week on Friday 11:30-1:00. This event is free to attend. Please rsvp on our Omaha REIA fb page if you can attend.

Who is interested in doing in person meetings?

Expert pannel consisting of Alicia (Ali) Roenfeldt Metro Appraisers & Consultants, Inc., Dave Lakin CEO VirtuActive 3D Drafting & Design, Rick Poole Solid Roofing & Exteriors and a local home inspector TBA.

Expert pannel consisting of Alicia (Ali) Roenfeldt Metro Appraisers & Consultants, Inc., Dave Lakin CEO VirtuActive 3D Drafting & Design, Rick Poole Solid Roofing & Exteriors and a local home inspector TBA.