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All Forum Posts by: Connor Dunham

Connor Dunham has started 12 posts and replied 215 times.

Post: BRRRR investors in Anchorage 99515????

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Account Closed working on one right now. I prefer to rent as-is and slowly upgrade over time. 

@Trevor Halt We're doing okay in Anchorage. Similar to the rest of the country. I think people give Oil and Gas bigger weight to the economy than job numbers would indicate. 

Source: https://aedcweb.com/wp-content...

Post: I want to live in the mountains: help please :)

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133
Originally posted by @Andrey Y.:
Originally posted by @Han T.:

@Will Fraser

How about Alaska? I have the same dream like you and thought that's a nice place for me.

 How's 8 months of winter sound? 3 of those months it's too cold to spend more than 3 minutes outside. I did that for 3 years. Summers are beautiful, but Alaska isn't as glamorous as it sounds.

9 deg. F today. Could be worse.

Post: My First "live-in Flip" Step 1 with before and after pics

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

I have the same entry in my 1967 split. What are your thoughts on split-levels with railing rather than pony wall? I think it would give less of a walking-into-a-hole feeling. Great job on the finishes!

Post: Connect with Alaska REIs

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Annie Johnson More than happy to connect. I do more buy and hold in Anchorage. The valley looks bright for population growth. 

Post: Heating fuel costs in Alaska

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Manuel E Urrego I've seen landlords cap the maximum cost per month even here in Anchorage. They then split the overage evenly between units. I don't see this as a fair lease term because fuel costs vary and then there are capital credits given to the landlord, but some tenants agree to it so it's on them. I'd prefer to see it based on fuel usage units like CF, or Gallons. Look for baseboard heat that is already zoned separately by unit. You could meter that separately at some point in the future.

@Jamie Rose Natural Gas Utility implementation is pretty slow taking place over multiple decades. Mostly commercial buildings are getting hooked up right now.

Post: How to Value a home in a non-disclosure state/remote area

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Nicholas Mazdra. No. I just find comps on zillow (recently sold), then email those to a realtor or two I'm friends with and they will help me out with the data. It's good to build those relationships over time.

Post: How to Value a home in a non-disclosure state/remote area

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Nicholas Mazdra sometimes they report on Zillow. Just makes friends with a realtor to see what people are giving away at closing. Lately, I've seen 2-3% seller-paid closing costs and 0-3% off list price. There are several factors that affect what you can do. Other data to look at on Zillow are pending and recently sold properties. Stuff to look at for these is time-of-year listed, condition, how far they dropped the price over how many days on market. Best of luck with your search!

Post: Newbie in Anchorage, Alaska stuck in analysis paralysis

Connor DunhamPosted
  • Investor
  • Anchorage, AK
  • Posts 227
  • Votes 133

@Nickelle Reagle Yea, just having more than one unit/bedroom will serve your purpose of moving from renter to owner. Remember lenders usually count the expected rent as income as well. Your constraining number to start will be sufficient reserves.