All Forum Posts by: Mark Nicholson

@Mike Bator

How’s this going for you, have you developed more cabins? Did the snowball effect happen as you had hoped?

Just curious, I have a property that’s lakefront & has 5 acres by Big Lake that I’m building a cabin.. And wanting to build at least 6 cabins or more on the property. It had road access, but all off-grid..

@Jake Young

I’m right there with ya, I’m a born Alaskan and will be 46 in April.

I'd keep it, do a little cash out refinance if you wanted to regain some of the $, and just rent it out or STR it and make some money on it..

Appreciation always goes up, and a few years down the line (and/if interest rates come back down you could pull even more $ out Tax free!)

I’m a family man also with a couple teenage kids,, I feel if I can get more properties now, it’ll help my kids to own & live in one of those properties that they wouldn’t be able to afford 1,2,3, or 4 decades from now when I am gone.. Prices will be crazy high then but we get/hold them now we can benefit from it and also pass them onto our kids.

Hi Cam, I'm here in Anchorage also!  Although I haven't been able to get any properties lately, I just have 10 doors which Chris Smock is doing a great job at managing them.  Working on upgrading my business currently, so I need to conserve some cash until this fall.  Then maybe I can get into some more properties.  If not, I have a few other business ideas that have a far cash on cash return.

Sorry, I don't know any good contractors, and I've been out of construction for a while, so I don't have contact with guys that do construction & can get a cheap price for them to do sidework.

Can't wait for all this snow to Melt!

@Kaiden Foster

I've been thinking of getting a property for a STR. I'm gone during the summer, peak times, so it'd be hard for me to do.

I have friends that keep them booked year-round and are doing good.

Wanna chat on here or PM me to give me more details?

Hi, I’m in Anchorage, and have done some investing in Anchorage and want to do more.

I’m also up for a meetup,, also saw Chris (also my PM) @ the last meetup.

-Mark

I'm going, see ya guys there!

Hi, who's doing 80% right now?? All I'm getting from lenders I'm hearing from want 65%LTV.