All Forum Posts by: Corey Ritter

I’m looking for a deal for a LTR in the Palmer / Wasilla area, ideally it would be a 5 bed 3 bath house on acreage but can make a 3 bed 2 bath work. I’ve already got tenants lined up I just need to find the deal and get creative, I prefer a sub-to or seller finance deal.

Let’s connect!

A post about a Wasilla deal here.

https://www.facebook.com/group...

1 Vote

Used to live near the Salem area, have them reach out to the local churches in the area to ask if they know of someplace they can stay.

0 Votes

Salem, Oregon

LLC needs to be in the state your doing business in.

If your looking for anonymity you want a holding company LLC in
Delaware, Nevada, New Mexico, or Wyoming then that LLC is the owner of the LLC your doing the business in your state with.

1 Vote

Quote from @Account Closed:

Quote from @Corey Ritter:

This is an older thread but I am new to investing in RE (other than primary residence) and in Kenai/Soldotna myself. Would love to make some connections with my fellow investors in the area. If no response I'll try each of the above privately ;)

I've been to Anchorage a few times, in the winter, on business. I wouldn't even think of going there for a STR stay. ;-) Summer is fine, but how long is the summer season? Do your numbers and see if the numbers make sense.

Plenty of people come here or travel within state during the winter. Summer season is about 3-4 months. The numbers definitely have to make sense ;)

1 Vote

Investment Info:

Single-family residence other investment.

Purchase price: $435,000
Cash invested: $80,000

Purchased our primary and just now working on splitting off an addition over the garage into a separate rental space.

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

Our primary residence is over 3000 sqft, with just the 2 of us and 2 dogs we don't need the space and want to make better use of it.

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

House hack, remodel

What was the outcome?

Not that far into it yet...

Lessons learned? Challenges?

Contractors are flakey.

1 Vote

0 Votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000
Cash invested: $500,000
Sale price: $750,000

Started with a rough repo mobile that we renovated. Added a shop building. Added another bay to the shop for living quarters. Moved into the shop, demo'd the mobile. Had new house built. Lived there for 2 more years then moved to Alaska and sold it.

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

This was our primary long before intentionally investing.

How did you finance this deal?

Bank loans

How did you add value to the deal?

Lots of sweat equity

6 Votes

Quote from @Keenan Fitzpatrick:

It's kinda cool to see this thread still kickin around and helping people connect after 9years!

Hello fellow Alaskans,

Newbie in Kenai.

Doesn't seem to be much activity on here.

Just beginning and going to start with a house hack on our primary.

1 Vote

All Forum Posts by: Corey Ritter

Corey Ritter has started 2 posts and replied 8 times.

Post: Alaska Investors?

Post: Pacific NW - Anyone willing to donate a couple nights to a missions couple?

Post: Looking for best resources to get guidance - Where to form an LLC?

Post: Short term rental (STR) in Soldotna/Kenai AK

Post: Primary home turned house hack

Post: Short term rental (STR) in Soldotna/Kenai AK

Post: Eola Hills home

Post: Alaska Investors?