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Updated over 8 years ago,
Hawaii Newbit to BP
Aloha all.
My name is BJ and I'm completely new to the world of real estate. My wife have been very lucky in our 2 real estate purchases. We bought our first home in 2002 (in Honolulu) and have since turned it into a rental turning positive cash flow for us. We then bought our 3 acres and built a small-ish house on it for us in 2009 (on Maui)...that we currently live in.
All that being said, we'd like to pursue rental properties in order to have my wife work from home...or not work at all. We want residual income for retirement as well as help to start build something for our kids so that they have head start in life and will hopefully be able to stay in Hawaii should they choose to. Many locals are being "priced out of paradise".
Our area of the market seems to be a little different that the rest of the states that I read about...so I'm trying to learn what I can see how that may fit into the Hawaii market.
Thank you to all and especially BP for having a vehicle for us to use to help us make better decisions.
My apologies...I fat fingered "Newbie" on my heading and can't change it :-).
BJ