All Forum Posts by: Andrew Girgis

Many thanks @Allen S. and @Keenan Fitzpatrick - I appreciate your insights 

Thanks @Chris S.

@Allen S. - Specifically looking to drive Cash on Cash returns, in a market with some room for appreciate growth. 

I'm curious to get your input on other markets that you may be investing in down south that offer better Cash on Cash returns. Right now most of the West coast (WA, OR, CA) offer significantly lower returns. 

I appreciate the insights

Thanks @Chris S.

Many thanks for your feedback

In regards to vacancies - Have you seen vacancy rates increasing over the last year?

Hello Bigger Pockets Community,

I’m looking at investing in Multi-Family rentals in the Anchorage area.

Currently considering 4 Plex properties, and also looking at 5-8 unit buildings.

Based on running the numbers, Cash on Cash returns are significantly higher in the Anchorage area vs. my hometown (Seattle).

Since I’m an out of state investor, I’d like to get local investors take on the following:

1. Appreciation – Zillow lists the appreciation forecast at around ~4% for 2021. Are investors seeing this market appreciating, or has appreciation been significantly slower? (I’m personally seeing many properties on the market for months, as well as price reduction)
2. Rent and Vacancies – Based on recent listing I have seen online, it seems as if rents are dropping. Are others seeing the same thing with their properties? Have vacancy rates been high?
3. Areas to Avoid - Are there locations in Anchorage that you would suggest avoiding?
4. Other considerations – Are there other considerations that I should take into account while looking for multi-family properties in Alaska?

Really appreciate your input.

Thanks,

Andrew