All Forum Posts by: Cam Jimmy

@Bill Baldwin Man I was thinking the same thing... You are the first person ive seen that mentioned crypto. I don't think many people here even know what crypto currencies are. I only have a few grand invested in some ethereum and ethereum based cryptos. Anyways I wouldnt put ALL of my inheritance in crypto... but most likely half and half into RE. 

@John Michael Rico When you say you will still cash-flow from renting 3 of the units, did you you take into consideration setting aside money for repairs, maintenance, and capitol expenditures? I've analyzed  many deals and I've never been able to "cash-flow" with only 3 of the units rented. The best I've seen is breaking even, and you live in a higher cost area than I do. I know its possible, but I'm just making sure you are adding that into your equation. I noticed that you are a new member as of this month, and I totally recommend that you watch as many of the house hacking podcasts as you can, and read as many bigger pockets books as possible.

Does anyone from Anchorage, Alaska know of good reputable general contractors? Preferably contractors that you have had success with. I may be attempting a fix and flip soon and I would like to call a few different contractors to get some information. 

@Ralph R. I gotta give you an "LOL" on that one :) 

 Wow, that is an excellent idea! Thanks for sharing!

@Filipe Pereira Can you explain the whole apartment codes thing? I  am not quite understanding what these are.

@Dolly Caswell Keep making lowball offers! They are lowball because the numbers make sense to you. Eventually you should get someone to say yes. Also If the Anchorage R.E. market does crash and people owe way more than the house is worth... that's when we can get good deals using "short Sales", since the banks will probably cut some losses to recoup some of their money.

Nice! and you still made great money. good job, I hope to do something similar in my neck of the woods.

@David Morrison Congrats. Did you do all/some of the work yourself? or did you hire a GM?

@Charles A. I agree!