All Forum Posts by: Jordan L. Webster

Best piece of advice I’ve received about contractors is that you have the opportunity to get three things from them: 

Quality 

Better affordability 

Expediency 

On average only two of those things are found together at best. To find all of those things in a contractor is rare but not impossible. 

Great, thanks for the responses. I’ll check them out and get back on here with reviews of who I use if that’ll help others

Have either of you had any luck finding a good solid handyman around Anchorage? I've been hoofing it myself most things but I'm out of state for Feb and need an apartment completed! Just small things.

Please let me know!

Thanks for the kind words! It’s been a lot of work and a ton of lessons. Yes! Renters insurance and my own commercial/rental and dwelling insurance. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $348,000

4 unit property bought with a zero down, 30 year fixed VA loan. Inherited three tenants. After a year, full turn over, three units remodeled and exterior starting in the second to third year.

What made you interested in investing in this type of deal?

The ARV/BRRRR aspect.

How did you find this deal and how did you negotiate it?

My team and I were able to negotiate a great deal because of the area and the divorcing owners.

How did you finance this deal?

VA Loan

How did you add value to the deal?

After $20K and two years of my own remodel and rehab, now an ARV of +60K on the low end.

Lessons learned? Challenges?

Don't go overboard with the repair. Repair based on the potential for rents or resale, no more.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Luke Higgins - Realtor
Steve Selgren, Titan Mortgage - LO/Lender
Discovery Home Inspection

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $260,000

Duplex, bought with VA,no repairs needed

How did you finance this deal?

VA Loan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Luke Higgins with Keller Williams - Realtor
Steve Selgren with Titan Mortgage - Loan
David Mortensen - Discovery Home Inspection

I am a multifamily investor and landlord. I’m very interested in renting to assisted living companies for elderly as well as handicapped and maybe even oWning an ALF in the future. Any and all information on how to get started, break into that world or advice, tips, hints, gripes, complaints are appreciated! - Jordan

@eriknosich Thats fantastic. We'll be meeting up again soon. Look forward to see you there!

Alright, Jamie and I are going to be meeting at Black Cup on Thursday at 4pm if any of you are interested!

Congratulations, I'm excited to hear about it!