All Forum Posts by: Connor Maloney

The purchase price is $98,000 with $20,000 in rehab, very conservatively. The ARV is $160,000. I have about $15k for a down payment.

Welcome to BP Keren!  This is one of the best places to learn about real estate and it is an amazing community as well!

Hey guys,

I am trying to find less expensive financing for a flip I am doing here up in Alaska.  The hard money lenders in Alaska are very expensive (5 points and 12.5% interest) and I am looking for a national hard money lender that will lend to me Anchorage, AK.  Please let me know if you know of anybody!

-Connor

@Blake Elder, @Dmitriy Fomichenko is the guy you are looking for from the post earlier. He is very knowledgeable on self-directed retirement accounts with his company Sense Financial Services, LLC (http://www.sensefinancial.com/). I am currently setting up a Solo 401k with them that should be funded this week. They have made the process very easy and Dmitriy and his team make themselves very available for any questions you may have. Dmitriy is also very active in the forums with posts/articles about self-directed retirement accounts.

@Epi Villarreal,

Would you mind posting that link again?  I was unable to get to that forum thread.

@Anthony Woods,

I was also contacted by John Batros from JNB Finance.  When I called him to talk about a loan he referred me to Lazard Kisel with Joinville Finance.  Lazard was willing to pretty much lend me as much money as I wanted, but I needed to wire the deposit to him.  As I have realized, it looks like I was referred by one scammer to another!

Also, thanks for the info @Jeanne Victor!

Also, Wholesaling is real and is prevalent in AK.  However, in order to a successful wholesaler, you are going to have to be the best at all aspects of investing in real estate including marketing and finding deals, estimating rehab costs, and then finding buyers.  It is definitely possible, but you are have a lot to learn as a new wholesaler.  One more thing, don't be afraid to spend money on your real estate education, just don't pay any gurus thousands of dollars for a sales pitch.

Welcome to BP Rashaun!  This is a great place to learn about anything you want to do in real estate and the opportunity to network with people who have done it already.  Good on ya for joining!  If you haven't already heard, there is a good Real Estate Investing group in Anchorage called REX.  They meet about once a month. Here is the web address:  http://www.meetup.com/R_E_X_/.My best advice for you starting out is to listen to the BP podcasts and others, read books on real estate and network with as many people as you can.  You will reach bumps in the road along the way, but just keep pushing to overcome them.  Good luck and make sure to reach out to the BiggerPockets community when you have any questions!

@Derrick S., 

Yeah, that's exactly the feeling I got from your letter.  It is enough to sound very enticing, but there is no pressure put on them to say yes or no.  They can simply say of course I will look out for anyone that might want to invest with you or like you said, choose to invest with you. 

And I think the letter itself sounds good.  It is very personable and not pretentious. 

Derrick, this seems like an awesome way to grow your business!  Good for you!  This is a good tip for myself and I'm sure many others.  From I have learned in the many BP podcasts, you have to let people know what you are up to.  Thanks for sharing.