Mountain Home Near Urban Centers

[Maria Talasz]

Investment Info:

Single-family residence buy & hold investment in Eagle River.

Purchase price: $399,000
Cash invested: $30,000

A 'Diamond in the Valley'. Mountains, 100+ft Riverfront. Wildlife and natural privacy. New decks for entertaining. 3 Bay heated garage. Cold storage area with lofts. Studio overlooking the river. 14KW Generator on natural gas. Alaska living with modern amenities and conveniences.

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

Hard to find waterfront property.

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

On Craigslist of all places. Made an offer 25K under asking price which was accepted.

How did you finance this deal?

225K profit from previous fixer sale and a regular mortgage.

How did you add value to the deal?

Paying attention to detail.

Lessons learned? Challenges?

Showing by the owner was a negative.

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

We did but they since retired.