All Forum Posts by: Rob King

My own personal opinion is that Alaskas economy is going to be hit hard for the next few years. Things will be tough until oil prices rise. I worked in Alaskas oil and gas industry for 14 years and just recently quit to change jobs and a different lifestyle. All the news I hear is more lay offs are coming. As an investor, it might be the opportunity to get some good deals on property in the next few years.

do you know anything about the detached four plexes out in your area?

0 Votes

Originally posted by @Michael Boyer:

hi rob, I don't do new construction, and it may not be an ideal time in the cycle (but who can say, perhaps there is a Mideast conflict and 100 a barrel oil in couple of years about when you complete and rent it out)...I will send you an old friends name who manages those in that exact area by message. He may have a pulse on rentals and even other ideas....Best of luck...

thanks buddy, best of luck to you too!

0 Votes

I would try to contact a RE trainer in the state. everyone has to get their RE training from someone and the top RE trainer in that state will know whose good and whose bad. Give them a couple compliments and they will point you in the right direction. Preferably make sure they are independent and not working for a large realty company.

0 Votes

Originally posted by @Michael Boyer:

we certainly have some low oil price exposure, and the state budget may face more cuts this year and near term, so short term it is hard to say.. Longer term, one has to like the notion that the 50 billion permanent fund may be the stabilizing force, with some sort of use of excess earnings or endowment formula to put a backstop in price drops......I see a few local condo prices lowering and days on market look longer here (all anecdotal) but your fourplex may depend on the local rental market, and if that softens, maybe you can find a deal in the next couple of years and with a ten year plus time line and positive cash flow it may work well if you can hold through the low oil price cycle...best of luck

would you think new construction in matsu would be a bad idea?

0 Votes

Find a private real estate trainer in your state and talk to him. The trainers know everyone and how good they are. Definitely works out best if they are private and don't work for realty company.

0 Votes

Can the drafter not be in your state? Then I know one ha

0 Votes

with the PMI in place and what it would be rented for. I can easily cover all of the mortgage. not utilities & snow removal. i would be living in one of the units though so it does seem worth it. also it will be a new construction. They will build it for me.

My concern is should I just bag the four plex idea and go for a fixer upper single family home ranging from 100k-160k. Pay for the mortgage myself yet not have a PMI.

Basically I have 30k as of now. so many options. and Im in my early 20's

0 Votes

Is getting a high PMI of $400/mo. on a fourplex a good idea? I can easily do 3.5% down yet 20% is no where near possible currently on a 500k 4 plex

0 Votes

we should continue this thread as now that it is farther in the year and there has been lots more lay offs in the oil field. I have not been hearing anything good lately for Alaska RE market. Does everyone still think it will be ok?

0 Votes

All Forum Posts by: Rob King

Rob King has started 6 posts and replied 29 times.

Post: Where are the successful ones? Long term players

Post: Anchorage Alaska RE Economy

Post: New Duplex in Alaska

Post: Property Management Company In CT

Post: New Duplex in Alaska

Post: Recommendations for Property Managers in Kansas City?

Post: Looking for a Draftsman in Atlanta for as-built floorplans

Post: pmi $400/mo. a good idea? worth it for first time buyer 4plex

Post: pmi $400/mo. a good idea? worth it for first time buyer 4plex

Post: Anchorage Alaska RE Economy