All Forum Posts by: Dolly Caswell

Hi Brian, if you're in the AF then you might be closer to Eagle River, so welcome!

I just listened to one of his on-line ads and currently (April 8, 2016) there is a money back guarantee. The course is priced at $297.

Well first of all @Joshua Martin, I have to say I wish we had prices here in Alaska like those you've mentioned! Currently, I don't think you can touch a decent duplex for less than $200k or close to that and 4 units are $400k to $600k depending on area and condition, of course.

IMHO you need to consider, your age, your strength, your "taking care of all the little problems" abilities, the distance from where you live (if you don't owner occupy) and then think forward a few years and imagine that you've fixed and fixed and fixed a "beater" property that has been very difficult to keep rented because the area is awful and real estate HAS NOT gone up in value. You'll have tax write-offs and hopefully some cash flow, even after your fixing, but think about how much nuisance it is...and is it worth it? Maybe it is!

Now think about the property in the great area that is easy to rent, doesn't need much work, and in general you can sleep at night and not worry about it. If real estate HAS NOT gone up in value you still have a property in a desirable area and have less/little trouble renting it.

I can't even imagine living in a huge city like Milwaukee, but you will have lots of area choices. If you are going to be the manager, then try really hard to "like" the areas closer to you because you'll get really sick of driving clear across town to let someone in who lost/forgot/locked in their keys or fixing the toilet. Again, all this if you decide not to owner occupy.

After all is said and done, look at the worst case scenario, within reason, make some intelligent calculations and decide if you can still pay for and repair and love your investment.

Joshua, look for a motivated seller, one who will carry the note for you, be patient and buy what you can really handle.

blessings,

Oh, you great BPers!

Maybe I'm all wet, but isn't someone (with more specific knowledge than I have) going to talk to this fellow about 1031 exchanges to protect all that profit? Please tell me if I'm wrong and for some reason he doesn't qualify. Thanks, I love the wisdom and info that you ALL share!

@Michael Lee, sounds like you know what you're doing. Would you like to spend this summer in Alaska? 

@ Roger Vi,  What a terrific story. What a fabulous contractor you have. That's been my biggest problem not being able to find someone who is hardworking, reliable, honest, and knows how to do everything. If anyone knows a great contractor in the Anchorage, Eagle River, Alaska area, please let me know.

Very well answered @Dion DePaoli.

@Bob E. I'm still waiting, holding my breath for you to answer my previous question!

What in the world do you mean by "short duration front end payments where the seller still has a substantial interest in the latter payments so they will be motivated to look out for your interest, or buy out your interest, in the event  of default?"

I can't imagine...help me out here, please?

Hi @Eric McComb, I wish you well, and agree, we need honest, ethical PMs. My other problem is they usually cost so much that I'm priced right out of buying a property. When I run the numbers, they are earning as much as I am sometimes and have no risk!

Hi @Leland Barrow, what is the name of that small town off the radar......?