What should be considered in buying investment property in Alaska?

We are considering buying land in Alaska for investment or building in summer house in the future. What factors should we consider in buying this property?

I would assume they would be pretty much the same as anywhere you buy an investment property. Location, Location, Location!

1. Renter to Owner Ratio
Basically, you want to find a neighborhood that has more owners than renters.
2. Types of Businesses
Places like Target, Walgreens, Home Depot and other large National Conglomerates. You can rest assured that these companies spent lots of money on market research determining that their neighborhood was owner occupied rather than renter occupied.
3. Places with HOAs
Home Owner Associations are designed to keep the property values of their neighborhoods up by having specific rules regard the color you can paint your house, the amount of cars you can park on your driveway, etc. They are quite effective.

Now to plug in all of the numbers:
RENTAL INCOME
MORTGAGE INTEREST
TAXES
VACANCY COST
TENANT TURNOVER COST
INSURANCE COST
MAINTENANCE COSTS
**Property Type
**Property Size
**Property Location
**Your personal management style
UTILITY COSTS
PROPERTY MANAGEMENT COSTS-If you were to hire someone to maintain it
Good luck to you!

Tags

　　Real Money 　　Real Estate Investment 　　Raise Capital 　　Property Investment 　　Profitable Investments 　　Private Investment 　　Private Equity 　　Private Capital

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