All Forum Posts by: Jeromy Jordan

Any Multi-family unit investors in the anchorage market? I'm a newbie investor looking to buy my first property to owner occupy one unit. I plan to leverage my VA loan for the purchase which means the property has to be able to pass an inspection for the approval. I will need a vacant 4-unit for the size of my family and its looking hard to find up here. Any tips or recommendations on how to find this needle in the haystack out here?

Hi BP Community, I'm a newbie to real estate investing.  Are their any lenders that will let you put down less than 20% to acquire a property loan that is NOT your primary residence?   

@Keenan Fitzpatrick great advice, thanks!  I have been talking to a couple real estate agents about my plans and they are helping me try to find properties in the area, but I don't think none of them have a investing background.  I will reach out to Jamie and pick his brain. Thanks.

@Jaysen Medhurst Thanks for the advice. Should I be keeping my lender in the loop that I am now looking for a duplex instead of a SFR/town-home? I've already been pre-approved for an amount that would cover the cost of a duplex. I just don't want any surprises of what I can and cant do on my end or the lenders end when I finally find a good deal on a property.

@Jamie Rose in your experience, do you think it would be overwhelming for a new real estate investor to go straight into a triplex or fourplex as a first time investor new to land-lording?  Another one of my fears is that I cant get the units rented out and I'm stuck with the full mortgage.  I haven't dived deep enough in the rental market yet around the area.  Also, I am going to check out the listing you mentioned.  We preferred to stay in the eagle river area but the homes out there seem more expensive than anchorage. 

Due to me not having any landlord experience, I didn't want to bite off more than I can chew by getting more than a duplex.  Would you consider it a good deal if I could at least live for free by having the tenant's rent cover the mortgage?  My plan was to live in it for 2 years, then rent out the other side when I PCS. Then possibly use whatever equity I have in that time (which probably wouldn't be much) to help for a down payment on another duplex at my next duty station. 

Hi, BP community! I am new to real estate investing and currently searching my area to make my first purchase on a duplex that I plan to owner occupy and rent out the other side. I'm stationed in Anchorage Alaska and cost of living and real estate is really expensive up here. Does anybody have any suggestions or insight as to how I can use my VA 0 down loan to benefit me in my first home purchase and create some cash flow?