All Forum Posts by: Justin Driskell

Concerning BP leaving Alaska...

They are selling off all of their assets to Hilcorp, which has made a big impact since they moved to Alaska not too long ago. BP has been scaling down their production in Alaska for a while now, which makes sense considering how many assets they have globally. I believe, Hilcorp being a smaller company, will put more focus on Alaska the BP has recently. They bought the natural gas fields off the coast of Anchorage, and have ramped up production on those in the last few years. That being said, there will probably be less people employed by Hilcorp then BP.

@James Cash thanks for the reply. I have noticed that 4 plexes tend to have a better opportunity for cash flow. The biggest concern I have with 4 plexes is they tend to be on the East or Northeast side of the city, which isn't our ideal place to live. As far as just a rental property I would agree though. In my couple weeks of looking, I have seen a couple triplexes that are in decent locations. As always, the challenge is finding the right deal.

Hello BP community, thank you for taking the time to read my first post!

I have just started on my journey of REI, as my wife and I have started looking at buying our first property, hopefully around next summer. I have spent the last couple weeks combing BP's forums and articles to start getting my feet wet.

I am most interested in rental properties around my area. That being the case, we have considered house hacking a duplex for out first purchase, with the hope of breaking even with expenses/rent. I have a couple questions for this post.

My first question comes down to evaluating properties. I have started trying to piece together an excel file to evaluate possible properties. My goal is to get all of the major factors included in this, including loan payments, expenses, vacancy, rent, CoC, and cash flow. I am sure I am missing things, any advice on what else I can include? My hope is to dial this in in the coming months to get a reliable system together.

My other question may be hard to get an answer for, but it relates to the market I am in. Anchorage is somewhat unique in the fact that we have a large military presence, as well as a lot of seasonal population swings. Does anyone have experience in any similar markets? I would love to get in contact with any BPers that have experience in the Alaska market.

Thanks again for reading!