New to BP and new to real estate investments. This thread hits home on my current thoughts as my wife and I are ready to enter the market but it seems it's at the top at the moment and it seems it can't be sustained this way for too much longer. Keep in mind I am new to investing and am maybe missing something, but with many people having bought new construction multi units in the valley and high priced multi family in anchorage with low down payments and banking on rent staying the relatively the same...I just don't see how they can be making profit if the oil prices don't increase to the point Alaska's budget is based on. Seems to be more and more layoffs on the slope. State budget cuts and possibly military cuts?
Just wanted to hear some current opinions of some local experts! I'll take any advice I can get. I've looked at the flipping market as well as multi family but both seem like the market is getting cold for both. Maybe I'm just not seeing what I should? Any input would be great!
