To those not intimately acquainted with the building industry, anchorage may bring
to mind a certain south-central Alaskan town—nestled between the scenic Chugach
Mountains and the pristine shoreline of the Cook Inlet.
However, as a novice-contractor, anchorage is anything but a pleasing geographical
place; rather, it is a structural element describing the critical connection of a
building’s roof and floor framing. I learned the hard way that when the word loose is
used in conjunction with anchorage, the result is never desirable.
Three critical lessons that I have learned about real estate investment, are; one,
perform proper due diligence; two, never leave a house without a Construction
Dictionary and; three, form alliances with industry insiders.
In the beginning of my journey into the world of real estate investing, I encountered
several unsavory characters in the field that were more interested in padding their
own pockets than providing quality service or performing quality work.
As a result, I decided to become an industry insider to become more informed. I
invested in proper equipment, performed research, attended seminars and joined
local industry associations. Gaining valuable insight from research techniques that I
had learned, I began to strategically target areas in the local market to develop;
timing when to buy and when to sell in order to achieve maximum result.
As my industry knowledge grew, so did my relationships within the industry. As
such, I have built an extensive network of trustworthy individuals in the real estate,
banking, finance, legal, and contracting industries to rely on for matters outside of
my domain.
The experience, which began as a one-time investment opportunity, has ...