All Forum Posts by: Connor Dunham

@Amy Paradis Hey! I remember you were looking three years ago. I'd say the Alaska-based BPers have grown since then and so has Wasilla. Check out the hatcher pass/independence mine area. It's a little further north than Palmer but not far. They also widened the highway going through Palmer this summer so it's a lot easier to head north too. Good luck on your search and if you need a local non-agent opinion on something you find, DM me on here.

@Kevin C.. Looks good for a rental. Flip the handles on that fridge if you're going to keep it.

Hi @Greg Elfrink,

BRRR strategy works well just about anywhere but is a time-intensive activity until you get to the refinance stage. House hacking multi-units would work well, and if you want a fixer-upper, apply for an FHA 203k loan. Predicting growth can be very tricky and takes a lot more economic knowledge (not theory) than anyone takes in 8 years of college. I might be playing to your bias as someone in the technology space, but given the secular trend of capital concentrating in technology companies, try to buy near their headquarters if you are looking for appreciation. If you are looking for cashflow, that's on the other end of the spectrum. Just about anywhere in the south, strong cashflow can be found. I would argue though, that you should buy where you want to live.

Looking at your numbers, they are extremely low for most markets with appreciation above 2% per year. Given your short term goal of 5-8 years, just buy for cashflow and think about what kind of tenant you'd like to rent to. Also, remember the number of units isn't really the goal, it's the ratio of dollars per headache. For me, that means keeping the number of units low, but the rents high. Best of luck and cheers to your journey!

@Cynthia Oistad Sounds like business-as-usual is still the case. 

@Cynthia Oistad Pricing is always the most important decision to make when renewing. Some questions I would ask you are: 1. what is your risk tolerance? 2. What is your average turnaround time if it were vacant? 3. What kind of jobs are you underwriting to renew for so long?

https://scholarship.law.duke.e...

See page 22 - 12 months unless something has changed recently.

@Jim Goebel I haven't looked at total debt to book or anything on airlines, I just know to stay away. I did want to say that utilities are considered "defensive" however their real risk is the type of debt they carry currently. Many people are concerned about the explosion of corporate debt we've seen over the last decade - There's a lot of reading out there on the subject. Be careful, happy buying.

Amazing write-up. I did not know there were better alternatives to the DAPTs. Thanks for sharing your expertise.

@Stevie Duff Welcome. A lot of the answers to your questions are going to be on here. Seach "Anchorage" for some past discussions.

I did the duplex route. Good ones are hard to find, bad ones are easy. Pay attention to location. For zoning, a mix of R2 and R1 is going to be the most family-friendly. An alternative would be to find a single-family home with enough square-footage to do a permitted accessory dwelling unit (ADU). There are some very good discounts on single-family at the moment which leads to the biggest thing to pay attention to - price - You make money when you buy, not when you sell.