All Forum Posts by: Derek Morrison

@David Edwards thanks David for the tips. Once I get out there I'll meetup with the experts and work out all the issues that'll inevitably arise

@Connor Dunham wow, the things you don't know until you ask. Thanks Connor, that was very helpful!

@Connor Dunham awesome Connor! I have a couple plots (or is it plats?) That I'm considering. My plan is to buy land that I can build a personal residence SFH on in Fairbanks. I see you're from Anchorage but I imagine they're relatively similar in terms of building concerns? What are some things to look for when evaluating the land, and who do you recommend I talk to first?

@Jay Stewart thanks for the thorough reply Jay, I'll make note of that!!

@Aaron K. What about permafrost in particular do I need to be concerned with?

@James Cash forgot to include that, Fairbanks

I'm looking to buy a piece of land in Alaska to build a single family home. Who do I need to meet with to determine if the land it suitable for building? An engineer, architect, building department, etc.?

Thanks for all the input guys. I appreciate the opportunity to hear both sides! I'll take both into consideration

Good call @Brent Paul, didn't even think about DTI. And thanks for the tip @Matt K. I haven't bought a car in 7 years and last time I did it was with my dad's credit score and we got a 1.74% APR. Guess my numbers today may be a bit different haha

I need to buy a car so I can drive for dollars (target market is too far from house to ride a bike). I've listened to all of the BP money podcasts, and one of the biggest mistakes people say is buying a car with financing. In other words, it's better to pay cash. However, you have to consider the opportunity cost of tying up such a large chunk of cash today, vs making small payments over time. For example, if I could finance a car with a 2% APR, is that "better" than paying a lump sum up front?