Moving to Kodiak, AK!

2 Replies

Hello!

Just found out my family is moving to Kodiak! We are beyond excited to get back to AK, but I know little about the Island, and even less about investing there. We will have 2 kids under 2 and are hoping to house hack a 2-4 unit in a safe/family friendly neighborhood. In the little research I have done it seems like everything comes off the MLS or is a FSBO?

Any advice on locations/opportunities would be greatly appreciated!

Also, any recommendations on investor friendly realtors, banks, property mgt, plumbers, ect.....send 'em over! Long distance networking sucks!

Looking forward to ramping up our search. We will be on the island end of May.

Thanks for reading.

Andy

Hi @Andrew R.

Unfortunately, I'm not going to be able to help answer any of your questions but I'm responding to make sure I can follow this thread. Seems like it could get interesting! 

Best of luck to you and your family on this new and exciting adventure!

Nick.

Hey Andrew! Congrats on your orders to Alaska's emerald isle. 

It sounds like you have a solid plan in place. My wife and I are trying to do the same thing. I'll be here in Kodiak until 2020. We bought a home in town that has a mother in law suite with its own entrance and we're renting it out on airbnb. There wasn't a lot to choose from when we were looking in 2016 and I feel we rushed into our purchase a bit but so far it's worked out pretty well. Since we've been here I've noticed that several duplexes have been sold. 

If you are interested there is a 4 plex for sale just down the street from us. I've been trying to figure out how to get it for myself but the lender I'm working with has been a little discouraging saying that it'll be pretty difficult to justify moving from a single family to a 4 unit when working with the underwriter. I can email or PM the info on the property of you'd like.

I've only worked with Paula Laird (realtor) here. Her husband is a retired Coastie. You might cross paths with him since he works on base. But Paula is investor friendly. In fact, she has been encouraging me to get an investors group going and even offered her office as a place to hold meetings. 

As far as contractors and stuff like that I can only recommend a good plumber and an electrician since those are the only ones I've worked with here so far. I can PM you their info as well.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here