Newbie Moving to Kona HI

[Barry L Hohstadt]

I am currently in Seattle but moving to Kona in six months or so, and that is why my profile lists Kona as my location. I just lost my IT job that I held for 14 years and after 20 years in Seattle we are ready to leave the gloomy skies and crowded city. My wife's father is a long time resident of Kona (25 years) and my wife has previously lived and worked on Oahu. I am 58 years old so I have my eye on retirement, but do not have enough savings to retire comfortably. I do not see much in the way of IT work in the Kona area so I am not sure if I can get an IT job or not but I am looking at real estate investing to start creating income and take us into retirement on the island. To my surprise there is practically no information on BP about Hawaii investing, especially the big island. I have made two post inquiring about it and have received 0 responses. It makes me wonder if it is a difficult place to succeed in investing. I would love to hear comments from you about it.

Thanks

[Mark Guagliardo]

There are deals on the big island, but you have to by smart, Kona area has limited opportunities for flipping, more for long term hold, especially since in Hawaii we have seen an 8% per year in increase of home sales.

For flipping would look more towards the Puna area, about 2 hours away. Have helped a few investor in that area acquire and turn for a profit.