All Forum Posts by: Connor Dunham

Local Civil Engineer here - I know dirt. Also recently acquired some sweet Alaskan raw land.

@Madalyn McCurdy. Congrats on the success this last summer. There are some interesting markets here but I have recommend what others have said here for the same question you asked. Some other resources I think are worth the money are any of the data provided by AirDNA. They help you analyze pricing, vacancy, and profitability. Looking at this data, I was able to decide that for my effort, I was better off just doing monthly rentals for the size of units that are in my current portfolio.

Hey @Justin Driskell. I did the duplex route. 9 cap is attainable with duplexes, but like others said, subtracting 1/4th from your first revenue generating investment is a much better deal than subtracting 1/2. However there is a stress-premium people pay as well, compared to my friends who have fourplexes and triplexes. The quality of tenant I get with 1500sf units vs their 800 to 1000sf units is worth considering. I spend far less time on shenanigans and have far less tenant-caused damage. You only have to live in your first place for one year, and then can count all of those rents, plus the market rent on the unit you're vacating towards qualifying for your next place. I also agree with your assessment of Hilcorp Acquisition. It's going to be worse for the state than for Anchorage.

Go open a lending club account or apply for a personal loan. You need less than 50k to self-finance.

Hey Jeremy, I don't know where your 4 plex is located or if it was hit hard, but the FEMA assistance and SBA Earthquake assistance is useful if you had any damage at all. Financing big stuff uncollateralized is super cheap with SBA. Water leaks aren't really related, but if the damage occurs in an area that was earthquake damaged already (separated pipes, cracked drywall, etc) you could kill two birds with one stone.

@Jamie Rose Thanks for throwing this get together last week. Definitely made it easy for people with kids.

@Debbie Berg Hey Newbie! Welcome. You can deduct losses from real estate against your ordinary income if you are below certain income thresholds, however it can be difficult to do that and often has to be planned for (making excess tax deferred contributions from your wages). This is a good article I found on Carry Back and Carry Forward losses https://loopholelewy.com/looph... And the tax structures required for each. Generally, you are limited to $3,000 per year unless you have the right entity structure. Even then, it would only apply to the business income. Your best bet for counting the income against your wages is to use the 25,000 landlord exemption https://loopholelewy.com/looph.... Full disclosure, I'm not a CPA, just a tax optimizer.

@Jo Ballagh I agree with the 9 month lease option above. I actively try to shift leases to line up with summer through lease renewals. End of April is a fine time to market a property.

You are correct. It would require an attorney to represent in court in the case of a corporation owning the property. I haven't had any problems making a deal like "cash-for-keys" or similar.