All Forum Posts by: James Thomas

BLUF: Is the below Homeowners Insurance (HOI) coverage adequate for a $700,000 personal home with an attached one (1) bedroom multi-generational unit (aka: mother in-law suite)? Coverage F Medical seems low...

BACKGROUND: Under contract for a new construction personal home that includes a one (1) bedroom multi-generational suite with it's own entrance. We intend to rent the multi-generational unit as a short term rental to nurses and service members. 

Thank you for your feedback as it is much appreciated!

Thank you everyone for your detailed responses. The experience and wisdom each of you bring to the Bigger Pockets community is sincerely appreciated. Shall certainly pass along gained knowledge as I am here to support those who may  need assistance like myself. Thank you!

Hello Bigger Pockets! Live overseas and shall be transitioning in the very near future to Kitsap County, Washington. Our intent is to purchase a property with the ability to house hack. Objective one, find a rockstar real estate agent. My uneducated process in the past has been to read real estate agent bios and pick the top five I would like to interview. Then picking the one real estate agent we believe to be the best. How may I improve upon finding a real estate agent though?

Current thought is to… 1. Create a “Real Estate Criteria” letter outlining cash on-hand, contingencies, requirements (ex: house hacking), preferences and more. Example letters would be welcomed and appreciated. 2. Utilize Bigger Pockets Agent Finder to find rockstar Real Estate Agents who best fit our needs. Email top agents request to interview with attach Real Estate Criteria letter. 3. Interview and select rockstar Real Estate Agent. 

How May I improve this process?

Your help is greatly appreciated and thank you for valuable time.

What is your process for rehabilitating properties from long distances?

I am a Registered Architect currently living and working overseas. I have begun transitioning my career to real estate investing. The BRRRR strategy has caught my interest and shall likely be my primary strategy moving forward on long term and mid term rentals. One aspect of the BRRRR strategy that escapes me is how to rehabilitate properties from long distances. I have nearly zero connections within my network for many of the locations that I am investigating. I have read "Buy, Rehab, Rent, Refinance, Repeat" and currently working through "Long Distance Real Estate Investing"; each by David Greene.

Appreciate your thoughts and thank you for your feed back.
  

State of Louisiana Registered Architect here. You shall need a State of California Registered Architect as California architectural registration has an additional requirement of seismic. Hope this help and good luck!

Wanted to update and thank everyone who responded to this post. We ordered both "Long-Distance Real Estate Investing" and “Buy, Rehab, Rent, Repeat” to further educate ourselves. ”Multifamily Millionaire, Volume 1” also particularly interested us. Thank you!
 

Love this question as we are living in Okinawa Japan! Please share any information you find regarding this post. We have been asking ourselves the same question so we unfortunately have no answers… at this time. 😊

Konnichiwa! My family and I live in Japan where I work as a Registered Architect for the Department of Defense. Been saving up money and investing (stock market) for the day we return back to the United States. Only thing is… We would like to invest now and do not want time to keep slipping away.

Initial thought was to leverage assets (stocks) or cash for the down payment on multi family property to house hack. If all goes well, purchase another multi family property and another and another (BRRRR).

How do we get started investing in properties and building a portfolio while located overseas? Any advice is appreciated and thank you.