All Forum Posts by: Tyler Cobb

Hey Soren,

Glad to hear that you are taking your finances by the horns are deciding to better your life after some set backs. I know I've made some mistakes to get where I am and definitely have some more mistakes to make.

I'm a real estate agent and investor here in Anchorage so I have a lot of experience in investing in multifamily as well as the agent side of the business.

You got this man! Make this next year your best!

Hey @Shane Linse,

I've done a deal exactly like this for my personal portfolio and recently sold it, I'm also a license agent in Alaska. If you'd like to connect, I'd be more than happy to send you the contract I signed if you'd like.

Hope this helps!

Hey sir,

Congratulations on the pregnancy! I'm a local investor here in Anchorage and I'd go to @Chris S.with Overwatch Real estate management if you're looking for a property manager with a very reliable handyman. I've worked with a few but a lot of them overcharge and Chris was able to hook me up with someone that was very reliable.

Hope this helps!

Let me know if you have any questions!

Well, if they are W-2 jobs, you could ask for the next company you work for to send you an offer letter that explains what you'll be getting paid. Some lenders are able to qualify the income that you are going to make. They are looking for job stability when they ask for W-2s, so you have to prove to them that you are going to pay back the loan. 

My recommendation is to call a few local lenders and see if they can use that offer letter to get you qualified.

Hope that helps!

Have you tried Stewart Title?

I think Anchorage is really STR friendly. We have 2 currently and they are preforming very well!

Hey Erin,

I would agree with Sepp here. I think around 5-10% is very reasonable. While I'm underwriting, my rule of thumb is if it was built before the 70's I would lean more towards the 10% side. Anything built in the late 70's and later I tend to not budget quite as much because I'm more comfortable and more knowledgeable on dealing with problems in "newer" properties. All comes down to what you're comfortable with.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $537,500
Cash invested: $2,000

Used my VA entitlement to get this property with 0% down and since I represented myself in the transaction, my commission covered most of my closing costs. Each 2 bed 1 bath unit rents out for $1450. Bringing in a total of $4350 while im living there. Best Buy and Hold to date.

What made you interested in investing in this type of deal?

In a class A area with High rents and High appreciation.

How did you find this deal and how did you negotiate it?

I knew the agent/flipper working on the property.

How did you finance this deal?

Traditional VA Financing

How did you add value to the deal?

Property was turnkey when I bought it.

 Yes sir! This Thursday @ 49th State. Starting @ 7pm in the private room. See you there!

Please join us this Thursday as we talk the market and network with other real estate professionals.

See you there!