All Forum Posts by: Christopher Paulson

Anybody have any experience with food cart pods or know someone who does? What exactly is the business model there, do they collect a rent or % of sales from each of the carts for using the space?

Hi All!

My wife and I just moved back to Kodiak, Alaska after being away for about 10 years. We closed on an 8-plex recently and are interested in more real estate investing here. Are there any particular strategies you've seen that don't work as well in remote environments around Alaska? Has cost of materials and labor been restrictive in flipping or doing BRRR investing? Thanks for your input!

Are either of you still in Kodiak?

Hi All! I've been working on a deal local to me in Alaska for a few months. It's an 8-plex with 4 1/1's, 2 2/1's, 1 studio, and a 4/2 unit. Gross rents are $9880 with an $800,000 purchase price. The loan is a 30-yr, 80% LTV, and 5% rate. I estimated about 170k in closing costs but am getting sticker shock when I see it's going to be 184k to close. I guess I'm just looking for somebody to give me a sanity check and say whether or not this is a good deal. I've invested heavily in the stock market throughout my life (I'm 30) but haven't ever taken a dip into the real estate game. The image is the spreadsheet I used to analyze the deal. Please let me know your thoughts!