All Forum Posts by: Timothy Chi

@Kaiden Foster

Thanks for posting this and it was good to see the comments. I recognize you from one of the meet ups at 49th state. So someone mentioned about presenting at the meet ups would be a great idea. Hint hint @Jamie Rose @Tyler Cobb @Nick Bruckner

I'm currently making a career change to becoming an agent. I'm sure I'll come across clients with goals of having an STR and can always point them your way. Would love to connect and learn about your business.

Question regarding LLCs and email addresses:

For those that have multiple properties and LLCs, do you use the same email address for each LLC? A separate email address for each LLC seems a little overkill but I'm wondering if it negates the asset protection purpose of an LLC.

 Sounds like something that would happen in Soldotna. I worked in healthcare and many patients were building homes. Seems like a common thing to do there. Lots of building. Not quite sure if everyone was qualified to do so. 

Good luck on your search and I hope it goes well!

I do not unfortunately but finding a STR in the Soldotna area would be a great idea. I spent some time there and housing was impossible to find in the fall. CAn't imagine the craze it would be in the summer!

 I've been looking at the Cleveland market for short to long term rentals. I'm interested in areas near hospitals. Have any recommendations on location?

Yes same. I hear the winter can be hit or miss but the summer makes up for it.  It'll be good to have flexibility between airbnb and medium term rental in the winter.

Definitely a huge rental need in the soldotna/kenai area!

 The 4plex has 3 LTR units and 1 furnished medium TR. 

The SFH we aren't sure yet. It's a pretty large space so we plan to use it as a STR year round but if business isn't good in the winter, we may convert it to a medium term. Same with the MIL unit, if we decide to we can to STR in the summer and Medium TR in the offseason.

How are you STRs going?

Hey Kyle! Thanks for the post. I have already found an agent and purchased a4plex last year. My girlfriend is currently under contract on a SFH that we hope to use a MIL for a medium term rental and the rest of the house as a STR.

Hi Chad,

I was in the same position as you. I came up for 6 months on a travel PT contract. 2 years later and I'm still here. I just purchased my first 4plex in July of 2021. I personally decided to hold off on the LLC for now because it was tough to get an FHA and transfer the title to an LLC. My note was sold to Ginnie Mae, who does not allow a transfer of the title to an LLC. I heard that some (freddie or fannie?) do allow for that. So I went with the insurance route to make sure I'm protected. I hope to refi into an LLC here within the next 1-2 years.

I'm a new investor here and would love to connect if you're ever free!

Hi all,

I am a new investor in Anchorage. Just purchased a 4plex here July 2021. I am hoping to expand my portfolio in the next year with either another 3/4plex, or a STR. I am reading a book called the Proximity Principle - where the author talks about the importance of being around people who will help you reach your goals. My profession is in healthcare, not real estate. So I am surrounding by health care professionals/travelers, not real estate investors. I hope to surround myself with both groups of people as both of these are passions of mine. What I'm lacking is a group of people who are real estate investors. One of my goals for this year is to network more with investors. It's a vague goal, however more is better than none.

I'm wondering if there are any investors in the Anchorage area who are interested in meeting up. This could be in the form of grabbing coffee, drinks, or something recreational. I'd like to get to know more investors in my area and hear different stories, goals, etc.