Investing in Property in Omaha
Investing in Property in Omaha
People invest for many different reasons including added income from renters, renovation and resale (also known as house flipping) and to gain equity on the initial investment. Omaha, Nebraska is the perfect place to start investing in real estate or continue to build your investment portfolio. You may wonder why, as the market is low right now… but that’s exactly what makes it the prime time!
With the market only beginning to rebound, buying now gets investors in at the bottom and will bring the best return on investments. With townhomes for under $100,000 and single-family homes in the low to mid $100,000’s, these are perfect entry point investments.
The median home price in Omaha is $152,100 which is a 6.7% increase over the past year with an expected 3.1% increase in the next year and the average rent is $922. With an extremely low unemployment rate of 3.2%, this makes Omaha a very attractive market to invest in.
Omaha is a vibrant city and home to a modern economy with the headquarters of multiple Fortune 500 companies. It's a city that continues to grow in many areas that include the economy, population and real estate. In fact, Forb's magazine recently named Omaha the best Bang for the buck City where housing and cost of living are at down to earth levels.
More people are starting to look for Foreclosure properties simply because of the discounts offered, but there can be more paperwork, issues and drawbacks involved. Consult with us today to see if Foreclosures are right for you or even other alternatives that offer great deals without the extra headache.