All Forum Posts by: Roy Schauer

@Michael Robinson  the meeting is at 530pm at Denny's on Denali Street. Go to the back room. And welcome to the group!  

@Brian Braeutigam thanks for the recommend! Btw, are you any relation to the attorney with the same last name?

Welcome Ryan! It's great that your getting a jump start at such an early age.  There are a lot of avenues to pursue in real estate. I usually recommend focusing on one or two that interest you at first and as your knowledge increases then expand your interests.  It's easy to get distracted or suffer information overload at the beginning.  Good luck with your new income property! And like Kassandra said, there are several groups in Anchorage that are real estate related.  Btw, if you interested in attending the "One Thing" training event tonight at the De'aina Center, talk to Kassandra, she might have some tickets left.

@Lenny Longo  would that be Natalia?

I have heard something to what Angus is describing. It's called pre-habbing. The wholesaler finds a deal, cleans up the property and gets it ready for the rehabber's to come in and start work.  Kevin Cross does something like this with houses that have mold issues.

you back in town yet Scott? Maybe Angus, Scott and I need to get together and look at the different angles for this idea.

@Matt Slykhuis welcome to Alaska. And the first thing you'll learn is the real estate economy is slightly different here.  I'm based in Anchorage and have been here almost 20 years so have a very good feel for the market.  I do monitor Fairbanks but haven't done much with it because it's almost 400 miles away. We have a cabin in Manley Hot Springs and go to it a couple time a year so we usually visit family and friends in Fairbanks when we are up. 

If your handy or can get your contractors put together, their is an aging inventory here that makes decent rentals for the buy and hold strategy. If you want to gain property through pre-foreclosures, let me know, and I can clue you in on where to find info and prequalify a deal as well as how to work with the local trustees office. If you were closer, I would invite you to our investor group.  I'm sure there is a small one in Fairbanks. Best way to find them is to find a good deal that's about to be auctioned for foreclosure and see who the guys are that make offers.  Here in Alaska, it's informal open bid but you have to have cash or equivalent in hand.  Most properties run $75k or more.  Hope that helps! Feel free to message me if you have questions.

I've talked to a few people that are in Alaska and investing in the lower 48.  Oklahoma, Tennessee, and Ohio areas seem to be the most prominent ones, due to pricing.  However, don't forget there are some opportunities in foreign countries as well. A lot depends on the life style you want to live and how much of a revolving balance you can use to keep creating money. Hope this helps. And enjoy your travels!

Hi @Scott N. 

Are you getting any rent credit for the months you lived there and paid down the mortgage? Sounds like the friend would just like to get out from under it. Are you planning on staying in the area over the next year?

That's a decent response rate for here. Good job and good luck!

@Shaw Rivera I met Jan last night at the REX. Congrats on going forward with your business! I haven't done the absentee owners list yet, my area is working more with the distressed homeowner, but I'm curious about the results and the situations/leads you will come across with that group. Would love to have lunch and talk about real estate in general.