Investment property advice?

joeglow · Post by **joeglow** » Thu Jul 05, 2007 11:43 pm

I was starting to look into purchasing a residential investment property or two. Are there any good resources in Omaha to go to in order to educate yourself on all that you need to know? I have looked at a number of online sites, read the Nebraska Landlord-Tenant Act and have spent some time looking rents in certain areas, along with home prices.

I am interested in know things like what to expect for vacancy costs (one place said 5% of rent), expected estimated repairs (again, one site said 1% of the cost of the property annually), etc.

Thanks for any help/

adam186 · Post by **adam186** » Fri Jul 06, 2007 10:03 am

Well, you can read "Real Estate Investing for Dummies", which is a great read. And/or get a Realtor!

guy4omaha · Post by **guy4omaha** » Fri Jul 06, 2007 4:15 pm

You've read the Nebraska Landlord Tenant act and you still want to do this?

Seriously though, I have a financial advisor friend who specializes in helping clients get involved in real estate investments. PM me is you want his info.

lonnie · Post by **lonnie** » Fri Jul 06, 2007 6:15 pm

Have you considered a Vanguard Index Fund instead?