New Member from Kailua, Hawaii

[Rhonda H.]

Hi everyone, I'm Rhonda, newbie from Kailua, Hawaii. I haven't yet done a "deal" and want to make this first deal a success. Together with my husband, we just finished construction of a high-end home on our existing (high-end) home's property and created a CPR for the two SFHs. We have 71% debt to value and need to re-fi with cash out for our next deal or exit, and have had no luck with conventional financing due to the 2 homes. I'm interested in learning more about our re-fi options as well as investing in vacation condos on Maui and managing these for income while living in one the condos. I'm also interested in fix and flip. My husband doesn't believe fix and flip works in Hawaii, and he also has reservations about whether an investment in vacation rental condos would be profitable. He's open to it if I can provide real info on what people are able to do. I'm here to learn and pass on anything useful to my husband so we can both get behind a real plan. Any tips? Thank You!

[Michael Borger]

Aloha, @Rhonda H. - welcome to the scene. I can tell you that fix and flip absolutely DOES work in Hawaii as I do it all the time, multiple projects per year -- and I don't even live in Hawaii anymore! It's just about living up your financing abilities, getting a good GC and marketing, marketing, marketing for deals.