All Forum Posts by: Samuel Pointer

Be encouraged. There are more in Anchorage than Sitka. One first lessons I learned is read and listen (podcast) to as much on this site. Once you find (or start) a group, you might want to keep it small. Look for those with like passions but different talents. Take care.

Thanks. I truly value your input 

Good topic. Great advice.

I live in Sitka, Alaska 8900 population. Difficult? Yes! Impossible? No! I have many friends to advise me, but I had to convince and encourage myself. I recognize and realize I have to buy it before I can sell it. Your thoughts?

I live in Sitka, Alaska 8900 population. Difficult? Yes! Impossible? No! I have many friends to advise me, but I had to convince and encourage myself. I recognize and realize I have to buy it before I can sell it.

best advice ever! Motivated to start REIA in Sitka Alaska. Ready to listen, protect my investors and work work work!

Thanks again 

Hey Everyone,

I want to be your Southeast Alaska Connection! I live in Sitka. I am willing to do the grunt work in order to learn the business of Realestate Investing.  

You know any locals who can help us get this property off the market? When can we meet?

Thanks! I am working on my first deal and this information is extremely helpful. Thanks again 👍

Investment Info:

Single-family residence buy & hold investment in Sitka.

Purchase price: $350,000
Cash invested: $1

I am working on my first property acquisition in Sitka, AK. I have a motivated buyer and a tenant working on VA financing. I offered to broker a lease purchase or delayed financing. The owner was not interested. I am just trying to get the property off the market, hold 3 to 6 months and sell for 375000 with all 20000 profits going to investor( s) and 5000 going back into business.

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

Location! Opportunity! History!

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

I live in Sitka. I know owner. I have observed the local market. Making numerous formal and informal inquiries.

How did you finance this deal?

Still working on financing. Banks not option nor owner financing. Tenant will to buy when VA financing issues are resolved and will pay taxes and maintenance during brief leasing period.

How did you add value to the deal?

Office to manage process for no charge in exchange for the learning experience

What was the outcome?

Still in progress

Lessons learned? Challenges?

Focus like a laser on personal and business credit. Befriend pros (realtors, contractors, etc). Budget every penny. Biggest challenge, this very first deal.

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

There are 3 here in Sitka. Davis realty is my preferred. First bank is a good business for handling VA loans.