All Forum Posts by: Jordan Roberts

I live in Anchorage-I am not sure if there are any turnkey providers up here.   We do have some realtors that specialize in investments and separate property management companies. I have never heard of a true turnkey provider in this area though. Things to keep in mind about harsh climates like Alaska is that they are hard on everything-cars, property, the people sometimes.... 

I can tell you that the C+ and B class SFH properties start at around 200-250k in this town for a fourplex you'd be extremely lucky to find one at 350k. The lower prices tend to be in areas with more crime, poor reputations, and harder tenants. There is money to be made if that is what you are into. I live here and I don't want to tackle that market (though I have friends who have been very successful doing it) I would think that it would be incredibly difficult to do from out of state.

I live in a B/B- neighborhood where SFHs cost about 250 to 300k and the tri/fourplexes are 400-600k. Some duplexes in the area go for 500k. I have had stuff stolen out of my truck twice in the last year. Unfortunately, crime is high, even in the reasonably decent areas of town. Luckily, the crime is more petty in these areas-but it is still there. There is a rampant problem with people smashing car windows at trail heads, even in nice parts of town, and stealing worthless crap out of people's cars. These trailheads are pretty out of the way for the casual lurker up to no good. 

There are some Anchorage "suburbs" that you can do pretty well in. Eagle River is probably the safest these days. A lot of military people live in Eagle River since it is a pretty easy drive to where our base is. Crime in "the valley" (Wasilla and Palmer) is similar to Anchorage.

Not to turn you away from Anchorage-it is a great place. Being 15 minutes away from gorgeous rugged mountains, almost any outdoor activity you can dream of, some of the most beautiful highways in the country is pretty hard to pass up. However, for investing, I personally turned to some out of state providers in the midwest. 

Turnkey-wise, I know of good cash-flow ones right now in Chicago, St. Louis, KC, Indy, Cincinatti, and Dayton. Part of the reason for those cities though, other than cash flow, is good turnkey providers. 

https://www.biggerpockets.com/blog/2015/12/26/find...

Unless you're not at all talking about turnkeys from a turnkey provider, just a property that is in turnkey condition. In which case, ignore 75% of my response. :)

@Jordan Roberts I have to say that I've never seen Anchorage on anyone's short list. Keep in mind that cheap doesn't mean good and it's all relevant. Generally, the Midwest and Southeast are most affordable and have the best cash flow. In addition to cash flow, look at the economic and demographic trends such as population growth and job growth. Look for diverse, modern economies and industry. Then look for markets that have low to moderate property taxes and insurance and also favorable landlord tenant laws. I especially like Indianapolis and Kansas City for all of these. I'd be happy to give you my nearly 10 years of insights and experience in both. Feel free to reach out.

Hey Jordan I am also a newer investor here in SD as well. Are you only looking to invest within other markets or are you also looking in SD as a potential? Do you have a team in place in other areas you would look to invest in or just use a management company?