Looking for a Mentor in Real Estate Investing!

Looking for a Mentor in Real Estate Investing!

Member since 2023 · 4 posts · 9 votes

Hey everyone,

       I’m currently stationed in Hawaii, and I’ve been in the military for over a decade. I'm starting to think about life after service and I’m really                  interested in getting into real estate, specifically long-term rentals in the multifamily and single family space. 

       Despite my military background giving me plenty of discipline and determination, real estate is a whole new battlefield for me, and I could               really use some guidance from someone who’s been in the trenches. I’m hoping to find a mentor who can help me figure out the basics and           get a solid start.

       If anyone’s up for sharing their wisdom, or has any tips on where I should focus first, I’d really appreciate it. Here’s what I bring to the table:

  1. -A strong work ethic and the dedication to soak up everything I can about real estate.
  2. -Respect for your time and experience.
  3. -A whole lot of enthusiasm and a willingness to learn by doing.
  4. Here’s what I’m hoping to learn:

    -Basics of investing in multifamily and single-family properties.

    -How to analyze markets to find profitable rental properties.

    -Property management strategies for long-term rentals.

  5. Also, I’m willing to do any remote work related to property management or other tasks, as long as I can fit it around my military schedule. I'm all about learning by doing, so I'm ready to help out wherever I can to gain hands-on experience.

      Thanks a lot for reading this, and I’m looking forward to any advice you can throw my way. Excited to hopefully meet some of you and                      eventually help out others here too!

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Residential Real Estate Broker · Paia, HI · Member since 2016 · 479 posts · 311 votes
2y

Nathaniel, call me anytime. I live on Maui, been investing since 2013.

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  • Real Estate Agent · NH · Member since 2019 · 18 posts · 18 votes
    2y

    Hey @Nathaniel Linn,

    Congrats on taking your first step into real estate! As far as first steps, I would personally recommend house hacking. If you are not familiar, this is where you buy a 2-4 family house, live in one unit, and then rent out the other units to help cover your mortgage. This can also be done with a single family house, where you live in the house and rent out the empty bedrooms. 

    A couple of the Pro's to House Hacking:

    1.) You can put as little as 3.5% down for your down payment.

    2.) You will be in very close proximity to your other units which allows you to resolve issues easier than if you were a couple towns away.

    3.) You can live for free!

    Good luck on your investing journey, feel free to reach out if you want to talk more about house hacking/investing. This is how I started investing and is what I would recommend to most people starting out.

  • Member since 2023 · 4 posts · 9 votes
    2y

    @Brian Sardinskas thank you for the response. I have looked into that strategy and may peruse purchasing a multi family house with my VA loan and after a year move out and refinance. However being married with two children it would have to be a perfect scenario. With this being said I am not a complete newbie to this space. I've listened to 100s of hrs of podcasts and have done 100s of hrs of research. I am looking for someone I can bounce questions off of and have conversations about real estate.

  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    2y

    You have a lot of very strong investors in Hawaii and there are some very good meetups on several of the islands. Find Zasha Smith's meetups or connect with Daniel Kong online, you will see a lot of meetups and activity that you can try to get to. Right now, before making a long decision on where to go or what to do in investing, you want to meet up with other investors in real life to get in-person connections going.

  • Residential Real Estate Broker · Paia, HI · Member since 2016 · 479 posts · 311 votes
    2y

    Nathaniel, call me anytime. I live on Maui, been investing since 2013.

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