All Forum Posts by: Pat Bell

Welcome to BiggerPockets.

In State of Alaska you can post the 24 Hour Abandoned Notice on the front door and have to give them 15 days to collect the property. You can change the locks but, keep the property in storage for the 15 days. At the end of the 15 days you can disposed of the property. I had to do this a couple of time do to people leaving in the middle of the night. Hope this help you. 

Owner finance. I took over their problems and it takes me about 1-2 yrs to turn them around. I show them I'm willing to put in the work equity and turn the apartment complex around and if I don't hold up my end of the deal they get back the apartment building. If I do hold up my end  I will have them paid off in 10years. I don't make much profit, but I don't have to put much down (5%). After ten years I own the building and that's when the good time roll. Until then its lots of hard work.

We run our apartment like we run our business. which makes it easier. We put systems in place and have great people around me to help. Right now we are up to 45 units. It gets a little crazy when you buy a new building and trying to get everyone on your system and train them how it works. As I get more apartments  I will need to get more team member to help and start hiring people full time.

Hi, I'm Pat  from Anchorage, Alaska and bought my first house when I was 19. Open a Flooring store called Big Bobs Flooring at 20 and still running the shop and selling flooring. Bought my second house at 26 to flip but turn into a rental then later the house I moved into. At 31 bought the building to put Big Bobs Flooring into.  14,000 sqft.

First apartment building (9plex) at 35 and also race the Baja 1000 and still do that today. Second apartment building (8plex) at 37. Third apartment building (26plex) at 39.  Bought my GA house at 40 and turn into a rental. Then sold my 8plex 2 years ago. Just bought a 10plex July this year. I manage all the rental with my wife. My goal is to grow to 100+units and looking to buy more mom and pops apartments.