Adding investment properties in Omaha or Council Bluffs to your investment portfolio is a no-brainer in today’s economy. Would you rather have your money in a bank that earns no interest, the value of the dollar continues to erode or put in something tangible? Like real estate, real estate is real, it appreciates over time and can provide passive income and tax advantages. While it pays to invest, you don’t want to spend too much or put your money into a niche that isn’t right for you. Many investors are looking for deals on Omaha and Council Bluffs real estate, and we’re here to help you find them. Keep reading to learn more about the different types of deals you can find in real estate. then reach out to our team to learn more about how Harter Investments can help you with your real estate goals.
Look for Bank Owned Properties
Properties owned by the bank in Omaha or Council Bluffs can often be picked up for next to nothing. You can look for real estate foreclosures or even short sales to help you get a deal on an investment property in Omaha or Council Bluffs. When buying bank-owned properties, it is important to be careful. If an owner hasn’t been able to pay the mortgage, it is likely that they haven’t kept up with regular maintenance and property taxes either. Make sure and do your due diligence when purchasing a bank-owned property. While you should expect some work when buying a foreclosure, you don’t want to have to struggle with a complete remodel of the house. Harter Investments can help you find bank-owned properties.
Drive for Dollars
While this may be the most labor-intensive way to find potential real estate deals in Omaha or Council Bluffs, it can be very effective. Many new investors begin with this strategy as it helps them learn about the neighborhood, get a good look at the property, and build the confidence to reach out to people regarding their rundown or neglected properties. Driving for dollars is a strategy used by many. Simply get in your car, drive a few neighborhoods in your area, and make a list of 20+ homes that look vacant, rundown, or forgotten about. Another way to accomplish driving for dollars is to work a deal with local Uber, Lyft or Taxi drives. Have them look for properties that look uncared for or run down. Have them pass the leads over to you and if they turn into something they get a fee or commission if the deal closes. Then go back home, do your research, and reach out to the owners of the properties you found. While it is all public information, you don’t want to get off on the wrong foot by making the homeowner feel as if you have violated their privacy. Be sure to choose your strategy and wording carefully so that you can make the best impression possible. If you let them know how you found their name that usually works.
Get the Word Out
A great and simple way to get the word out that you are looking for investment properties in Omaha and Council Bluffs is simply to tell people. Tell your friends, coworkers, and even your barista. Word of mouth can be a valuable asset for investment buyers in Omaha or Council Bluffs. Getting involved with your local real estate investment groups is also a great way to not only find investment opportunities but to meet other like-minded people to network with. You will also have an opportunity to learn about the different ways to find real estate, different types of contracts, how to do due diligence and more. When people know you are looking for investment deals they will think of you should one arise. So don’t be afraid to let everyone know that you are actively looking for deals on investment properties in Council Bluffs or Omaha!
Talk to Your Agent
Do you have an agent on your team? Agents often have the inside scoop on properties before they hit the market. If you are looking for deals on Omaha investment properties, be sure to check in with your agent to see if they are aware of any discounted properties. If you don’t yet have an agent, be sure to seek the help of one that is investor friendly. Many agents are focused on the end buyer and don’t focus on the unique needs an investor may have. Harter Investments can put you in touch with an investor-friendly real estate agent right here in Omaha!
Create a Direct Mail Campaign
Another great way is to reach out-of-state, absentee owners, you can gather data and create a direct mail campaign. This is done by setting your criteria and ordering a list from a data provider. Lists can start at a couple of hundred dollars and go up from there. In some cases, phone numbers can be appended to your list for an additional fee. When it is time to create your mailers, postcards are often used in this situation as they are lower in price and the information isn’t obscured by an envelope. You can work with a mail house to facilitate your campaign or start on your own. Creating large, blanket campaigns will typically require the help of a professional. As with the driving for dollars method, you want to choose your wording carefully so as not to appear as if you are violating their privacy.
Work With Harter Investments
When you work with Harter Investments we can help you through all of the prospecting processes available. As local professional cash real estate buyers, we work with local investors to find the best deals on Omaha an d Council Bluff investment properties. Whether you are looking for commercial real estate, single-family homes, apartment buildings, land, or partnership opportunities, our team can help. We pride ourselves on helping investors find deals on properties throughout Nebraska, Council Bluffs area as well as other states and would love the opportunity to help you too. Reach out to our team for more information and to get the facts about properties currently up for sale in the Omaha and Council Bluffs area. We can help you find the best deals on investment properties! 402-939-6556 or https://www.harterinvestments.com/