Wholesalers in Hawaii

[Tyler Oto]

Any active wholesalers out here in Hawaii? I know theres some flippers out here making huge returns on their work. Would love to get there one day. But my current path of entry looks to be wholesaling. Wanted to throw it out there and see if theres anyone out here in Hawaii with a sustainable business model strictly wholesaling. Mahalo!

[Joe Sillaman]

I tried flipping and development for a short period of time but didn't find any solid off market deals and could acquire the appropriate Proof of Funds or lending to get a deal going. I spent a ton of money on marketing and a guru program that just didn't work for me. Right now, I'm lucky enough to have 2 positive cash flowing properties. I currently own and manage a vacation rental and a long term out of state rental but that's it. 

Because I still really enjoy Real Estate I decided if I'm to build a future investment business I'll need to learn more, establish a network, and build my credibility so I became an Agent. Yes, sales is a pain, I don't enjoy trying to convince people to buy although I truly believe in the power of real estate and it's key to gaining financial freedom. So I must stick with sales until I can get enough support to expand my RE investment business.

Anyhow, after the experience of trying to secure money from private lenders and Hard Money, I changed my perspective. At this point, I'd almost rather not deal with other peoples money and just make enough to cash out refi to buy flips and also acquire buy and holds in the South where housing is much cheaper. 

That was sort of a rant, but just know it's very hard. Be smart with your money do not waste it as I did!

I almost recommend, If you have a small nest egg go to a cheap area on the mainland to flip some homes, build your flipping credibility. It'll be the first thing lenders ask of you when you're asking for more money to do Hawaii projects. 

My 2 cents