All Forum Posts by: Connor Dunham

We all learned in Economics 101 that price is a function of supply and demand. Too many homes on the market, and prices start to come down. Not enough homes on the market, and prices start to creep up. Home prices, though, are a lagging indicator. They're the result of changes in supply and demand.

Tracking the supply and demand of housing in our local areas lets us have a peek into the future, then. We can see trends before prices start to be affected.

 Thanks, Connor! Any tricks on finding addresses? At the moment, I'll look at listings that have a picture of the house and within 5-10 minutes I can find the property on Google maps and the owner in the muni database, but ultimately pretty time-consuming and only works on properties that have an exterior picture with address numbers.

Hey there!  I have a chance to buy a significant amount of property in Alaska (fishing lodge) that goes hand in hand with my fishing guide business.  The numbers work really well; however, this is my first "big" swing at a real estate play.  This property will cash flow nicely, I am just not sure how to get something like this done.  (list is 1.6 mil)

I see posts in the BP Community about a collapse of the values of MF properties (reduction of cash influx from COVID, rental assistance programs, increasing supply from builders, lagging impact of recession, etc). I also read market forecasts from other agents projecting 24% appreciation over the next 5 years in Seattle, and Alaska. No one has a crystal ball. People read different news sources, and factor different things into their projections and come to drastically different conclusions. I invest and live in Alaska. A good chunk of our state lives in small villages only accessible by road where the cost of living was astronomical before inflation. With fuel delivered once a year, many villages are locked into prices over $9/gallon for gas for the year.  The migration from these rural communities will only get stronger. We have a strong rental market here in Anchorage. MF Properties don't fluctuate as much some other parts of the country have in the past few years, but we have stable, steady growth. Where do you get your data for projections?

I don’t know what you would consider “significantly” more, but it’s a few thousand over 10k. 

@Eric Giovannucci Yes Anchorage is great - tough to do STR from a distance for new investors though - takes genuine work on their part - but LTR is a great gateway - we like to buy LTR MF with the upside for STR.