All Forum Posts by: Ondrej Marimar

@Matthew Zolan Absolutely! DM me

Hello :) Are there any Real Estate Investors currently living in Prague or the Czech Republic or soon to be living here? Let's get together and chat about investments! :) Drop us a line or DM.

Thanks everyone for your replies. Do you have any (other) insurance brokers you have been working with who you would recommend?

Hi Guys.

Thank you for quick response. So I will fill the gaps. 

I am buying for long term rental and - just got inspection report. The home need some instant patches - roof leakage, but is currently rented.

I assume the best option will be to close on it, get the insurance and fix the leak. Than wait for summer or depending on the tenant lease - after tenant leaves, and then go with general rehab.

I found nice article here https://www.reviews.com/homeowners-insurance/india... and I asked for quotes all insurance companies:

• Allstate
• State Farm
• Liberty Mutual
• Indiana Farm Bureau
• American Family

Do you have experience with any of those?

Do you prefer to deal with stable insurance broker instead of shopping around like this?

What do you think of the upcoming plan, do I change the conditions after rehab or should I do new insurance after?

Is the insurance affected by the current safety issues - for example wiring not being GFCI protected and smoke detectors inoperative? 

@John Mocker would have tip for Insurance Agency as you have described?

Thank you

Ondrej

Hello guys.

I am in the process of closing on a SFH in Indianapolis by now and I am shopping around for Insurance.

Does somebody have a tip for reliable Insurance Broker?

Thank you all

Ondrej

Hi @Ritch Bonisa.

That's right. It will be Hold to Rent. I assume cosmetic rehab - nothing serious.

And no, I seem to be unlucky about my team for now. I am again looking for new Realtor as well as Manager. 

I am not sure if you mean inspection before buy - in this case definitely yes.

My plan is to go and find Realtor, Manager and Contractor separately. As a out-of-state I will need more supervision and I don't trust turn keys. Also I need to learn in the process so...

I am definitely happy about any ideas and recommendations.

Thank you

Ondrej

Hi @Ivan Barratt

Thank you for your advice. I really appreciate honest advices like this.

I have noticed the market is up and prices high. I don't see appropriate CF difference  in homes for 50K or 70K and more - the rent is almost the same. Even the areas of more expensive homes does not seem to be better ones. That keeps me to search for lower priced homes.

But I am ready to invest and I can't wait for correction to come, It can be years.

Where else would you advise me to focus if you think SFHs up to 60K are not rentable in this time? More expensive homes or multi-family?

Hi Guys! 

I am starting abroad investor just about to buy first home. 

I am looking for SFHs up to 60K in Indianapolis and I was unlucky with Realtors for now. I tried to deal with 3 of them already with dissapointing results. 

Do you have good long therm personal experiences with some Realtors in Indianapolis? I need someone with great and swift  comunication (i am abroad), responsible with personal aproach and patience (first buy).

Please share your sugestions. Thank You!

Ondrej

Hi Guys! I am starting abroad investor just about to buy first home. I am looking for SFHs up to 60K in Indianapolis Do you have good long therm personal experiences with some Management Companies? I need someone with great comunication (i am abroad) and responsible with personal aproach and patience. 
Please share your sugestions. Thank You!

Ondrej

Wow @Ross Denman, that was exhausting guide. Thank you for that. There is few new links I didn't know and the tips seems very reasonable as well. Great!

@Aarti Bambha, I am in similar situation. Foreign, abroad, just looking for the first one. Reach me if you will feel like.