People are always looking for new ideas, projects, and places to deploy their capital over the winter months. Investing in real estate is a great option, but finding the properties is always the biggest challenge.
Myself, I have an investment company called Dynamic Properties where we buy and sell around 80 homes a year. How do we find our properties? Well, there are three ways we usually do:
1. We have agents from our team making outbound calls to ask people if they’re interested in selling their property.
2. We send out mailers to the neighborhoods we’re seeking property in.
3. We run ads on social media asking if people want to sell their home fast.
Your agent can help you implement these same strategies. Of course, they do take some time and some money, but for those who are intentional about picking up another property or two (or 10), we do have a way to help you do that.
In terms of increasing rents, of course, as the market continues to strengthen and shift toward a seller’s market, it gets harder for buyers to purchase a home, so they choose to rent. These people could potentially purchase a home between the price point between $80,000 and $130,000, but it’s a challenge for some buyers, with interest rates on an upward trend as they are, as well as lower inventory limiting their options.
If you are holding onto a property now and you haven’t changed rents in a few years, this would be a great time to consider increasing those rents. There are hardly any rentals available right now, and rentals continue to generate a really great turnaround in the Omaha metro area—you can expect to see a 12% to 18% return on your cash-in.
If you want to know more about investing in real estate, don’t hesitate to reach out to Omaha’s Elite Real Estate Group today.