All Forum Posts by: Chris S.

I agree with @Keenan Fitzpatrick. Investing up here is a different animal. Have you tried Eagle River? Every now and then you can get a good price on a 2-4 unit or more, although they tend to get picked up quick. We have a place in ER that has been great, super easy to manage and get tenants. Hell even BP recommended it for the highest cashflow in Alaska, although I am not sure their criteria. 

Just keep looking, or talk to someone who knows the market well. I know @Jamie Rose really well and personally recommend him, he knows the area well. Keenan is also an excellent resource although I admittedly don't know him as well, only from his posts and meeting a few times. 

Hey, I am one of those Mt View Investors, although we also have places in other areas as well.

Mt. View can be really good. But I wouldnt reccomend it for someone who isnt going to be there to monitor it, or if you dont have a really good PM who knows the area and is willing to do it. You really need to keep a close eye on Mt View places. We have had generally good experiences, but I live in the area and my tenants know that I am always around. Besides that I havent had issues there, but it does vary street by street. In my experience the closer to Mt View drive you are the worse it gets. 

I agree that it's for the better your backed out. Find an easier place to manage, especially if you wont be around. Or invest in security cameras with an internet connection so you can constantly monitor everything happening. But again, that's an added expense.

You will find a place, just keep looking. Feel free to reach out if you have any questions. 

I agree with Keenan. Sell the Duplex in Anchorage, and look for alternative lenders in your market. Just because you cant qualify for FHA dosn't mean you may not be able to qualify for a conventional 5-10% owner occupied loan.

Biggest reason to sell the duplex would be to get rid of that credit card debt. That stuff will kill ya

If its a good deal sure. They are easy to rent out, but we do have pretty bad homeless right now downtown so keep that in mind.

Never any love for Alaska :*(

We get most of our applications from Zillow group and FB marketplace. Maybe try listing your minimum criteria on the FB ad? Might weed out some of the bad applicants. Our software we use sends it out to all of those, but we do seem to get the best potentials from Zillow group. 

Congrats from here as well! I actually looked at one extremely similar, possibly the same one, before. Good area and I think you made an excellent investment. 

Hey,

Sent you a PM as well. Would need a bit more information about the property to see if I could help. 

I second what Keenan said. I invest in the "rough" areas of Anchorage and they are nothing compared to the bad areas I have seen in other cities in the lower 48. Biggest issue we have up here is vehicle thefts tbh. And most of those are from people starting their car in the winter and going back inside. Crime of opportunity after all. 

We do have very high levels of alcohol and drug abuse, which lead to a lot of the vagrancy issues Keenan was talking about. 

Looks great! Nicely done