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All Forum Posts by: Shane Thompson

Shane Thompson has started 3 posts and replied 21 times.

Post: Buying a warehouse: What questions should you ask?

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

What questions should you ask when looking at buying a commercial warehouse?

Post: Moving to Kodiak, AK!

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

Hey Andrew! Congrats on your orders to Alaska's emerald isle. 

It sounds like you have a solid plan in place. My wife and I are trying to do the same thing. I'll be here in Kodiak until 2020. We bought a home in town that has a mother in law suite with its own entrance and we're renting it out on airbnb. There wasn't a lot to choose from when we were looking in 2016 and I feel we rushed into our purchase a bit but so far it's worked out pretty well. Since we've been here I've noticed that several duplexes have been sold. 

If you are interested there is a 4 plex for sale just down the street from us. I've been trying to figure out how to get it for myself but the lender I'm working with has been a little discouraging saying that it'll be pretty difficult to justify moving from a single family to a 4 unit when working with the underwriter. I can email or PM the info on the property of you'd like.

I've only worked with Paula Laird (realtor) here. Her husband is a retired Coastie. You might cross paths with him since he works on base. But Paula is investor friendly. In fact, she has been encouraging me to get an investors group going and even offered her office as a place to hold meetings. 

As far as contractors and stuff like that I can only recommend a good plumber and an electrician since those are the only ones I've worked with here so far. I can PM you their info as well.

Post: 20% ROI Turnkey! Seller Financing Offered! $21K down, $409m CF!

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

Is this one still available Zach?

This discussion was a gem in the making and all but lost and forgotten over the last 5 years it seems. It would be great to dust it off and get more feedback from people answering the questions from @joshua dorkin's initial post. I'll be looking around the site to see if there was any luck getting a network of clubs established as put by Mr. Dorkin. I'll post back here if I find anything. 

Post: Tips & Tricks for organizing REI meetups

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

For anyone interested I found this forum discussion started by Josh Dorkin. It offers a lot of good insights on this topic.

https://www.biggerpockets.com/forums/48/topics/748...

Post: Tips & Tricks for organizing REI meetups

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

Thanks @Grant Rothenburger I'll check it out!

Post: Tips & Tricks for organizing REI meetups

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6
@Youdo Thirakul I am trying to get one going. I may have found a nice spot to use to hold the meetup. I'm still formulating a plan of attack for how to get it running. I may try and alternate between more of a casual setting like at a restaurant and more of a formal setting like at an office/conference room. Ultimately the goal will be to learn from fellow investors and like minded people. Definitely don't want it to turn into a place where people are just trying to sell stuff. Unless they're selling great real estate deals of course! Also, I'm considering opening up a FB page for the group since Kodiak LOVES FB. It may just be as easy as that. Any suggestions on what makes a good meetup?

Post: Tips & Tricks for organizing REI meetups

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

@Bryan O. Perfect. It's good to know that it can just be a casual meetup. That makes complete sense.

@Alex Deacon Sounds like your group doesn't meet at a brewery or restaurant. What type of venue do you use? How do you come up with what will be the main topic of discussion for each month? Do you just kind of wing it or do you have a fairly consistent structure for how the meetups run?

Post: Buying packaged multifamily properties.

Shane ThompsonPosted
  • Military
  • Kodiak, AK
  • Posts 26
  • Votes 6

If you want to purchase two or three 4-unit multifamilies as a package deal from a seller is it then recognized as a large multifamily purchase? Or is each property still recognized as their own individual small multifamily? 

Would you just get the bank to set you up on separate conventional loans for each property? Or is it at all common to get one loan to purchase both or all three?