Nathan Payne calls real estate agents in Anchorage to understand what local buyers actually want before searching for deals. He learns there's almost no fix-and-flip market in Alaska, but quick-moving properties are valuable because inventory is low. The smarter play is targeting slightly discounted desirable homes, not distressed flips.
You know, I love Jerry Norton. I love Pace, all those guys. They did a YouTube video and they said, if you got dropped off in Alaska, Jerry, what's the first thing you would do? And Jerry said, I would go on the MLS and start looking for deals, right? So I was like, I disagree. I wouldn't do that. First thing I would do is I'd find out what people are buying in Alaska, because what if you go on the MLS, start making tons of calls, finally get something after a week or two, and then you find out no one buys that in that area? So I actually did this on my live. I called agents in Alaska and I got a hold of a lady. She was like, there's no fix and flip market here. Anything that you get under contract track in Anchorage get moves. It doesn't have to be flipped because there's really low, low inventory, or they get paid to live there, I think. Yeah, I mean, because of the pipeline, dude. If you go there with the mentality of like, I got to find a really distressed house, you're going to be calling forever in Anchorage. But now I know, okay, I just need to find something that's somewhat discounted, that's desirable in this area from talking to her, and it's a deal. I saved all that time by just knowing what people buy out there.
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