Investing in Hawaii

[Donna M.]

I'm a very new investor and being in Hawaii is very discouraging. The home prices here are $750k!! You can't buy a house in a "war zone" here for less than $225k. When I started, I went to so many open houses, passed out my card, put up my website, etc... And everyone said the same thing, "You're crazy to invest in real estate with the economy being so bad!" Even my mom! So, I started trying to find investment properties out of state and was amazed at what I could purchase with 100k. However, my location is becoming a problem. The only research I can do is from my computer and can't do my due diligence, thus I know I'm passing up on great deals. Since I'm just starting out, I don't have a lot of liquid funds. But I do have a whole lot of time. Is it too ambitious for me as a newbie to try out of state investing? :idea: