All Forum Posts by: Sequoia Heuer

I live on the Big Island in lava zone 2 and my insurance rates went from 1500 a year to 6000 a year after the 2018 eruption. Everyone who had insurance got paid out if their house got covered. 

I live in Hawaii and just bought my first property in Detroit. I'm using a property management company to manage the rehab and place a tenant. Then either refinance and keep it or sell it as a turn key investment property. So far the property management company has taken a month to get me a rehab quote so I'll be looking for a different one soon unless they step up. Insurance rates about doubled recently in Detroit so I'm actually looking at Indianapolis now. My goal is to buy at least two properties per month this year.

Hi so I’m on the big island of Hawaii and I have a house that currently appraises for around 390k. It’s my primary residence and I own it outright. Lenders say they will give me 300k as a refinance. I have some experience in the new construction world so I’m considering build to rent. If I can buy the land and build for 300k and the after build value will be 400 or more then I could borrow against that one and do it again and so on. The only problem with that I see is it’s a little bit slow. Building in Hawaii can take a year or more mostly because of permitting and sometimes materials are hard to get quickly. 
The other option I’m considering is using the 300 to buy properties out of state, where there are better deals for using the brrrr strategy. With 300 I could buy 2–3 houses at a time, hire some contractors to fix them up and get them rented. 
The second option seems harder to me but potentially more profitable. I’m currently reading the book on long distance real estate investing by David Greene so that’s helping some. 
What would you do with 300k? Thanks!

@Greg Dickerson I would be hiring a general contractor. The guy just wants me to design the place and oversee the building process. I would still hire the contractor and work with all the necessary people like engineers and drafters.

Hi so I’ve designed, built and sold a couple houses over the years. They were all owner builder where I hired most of the work out and did some of the easy stuff myself. I currently have my latest house for sale, it’s a clean lines, modern style house on the big island of Hawaii. It’s been taking a while to sell but recently I got a call from someone who really likes it but it’s in the wrong area. Turns out the guy is very wealthy and wants to hire me to build him a roughly 6,000 square foot house in Maui with a 2 million dollar budget. He wants me to design and be a part of the building process from start to finish but I don’t know what to charge for my services. Any advice would be appreciated, thanks!