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Updated over 10 years ago on . Most recent reply
New to Anchorage,Ak
Hi all,
My name is Michael and I'm somewhat new to REI at least in the anchorage area. I have been apart of investing projects such as flipping and buying and holding. I'm originally from the Atlanta area, where I do have a property that I was able to buy foreclosed. I put in a little bit of cash and a lot of sweat. I haven't rented it out yet but I have plans to soon as I have made the decision to stay here in Alaska.
Now being new to the Anchorage area I've decided to start investing into the market here. I'm currently renting but have plans to but a multifamily home when my lease is up. Hopefully I can get in cheap and do some remodeling, HOPEFULLY!. But on the other hand of things I've been brain storming and I'd like to corporate my own buisness in this venture of investing. I figure doing this will give me access to more credit and protection. The problem I'm running into is not knowing which route to take as far as llc, s-corp etc.
In this brilliant plan of mine lol, I've also decided that wholesaling would he great place to start as far as networking and building cash for my first flip or buy and hold whatever way I decide to go. Now I've been doing some looking, I do see some potential here but it is very slim. It seems most people don't really meet that "motivated seller" criteria. I haven't done any major marketing or anything but from the few I have contacted everyone seems to have standard process for selling there house which is via agent.
I also haven't seen much around here for investing clubs or any of that. So before I jump all in with this thing any information or suggestions would be appreciated on any of the topics I talked about above. Thanks ahead of time and I'm glad to be around people that share the same similar goals.
Most Popular Reply
Welcome to Anchorage, Michael! There are two or three good investing clubs here. I believe one of them is meeting tonight. Check out Meetup.com for details, or ask @Roy Schauer for details about the one tonight. See you around soon!