STVR - Waikiki or Maui?

[Peter Jetson]

We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are having much better luck in Maui. Is it because you purchased several years back? Would you do it in today's market? In Waikiki? In Maui? Am I missing something?

[Melissa Lee]

Side note: Oahu is coming down on VRs so I'd look for options that are zoned correctly. I was looking at one in Waikiki that had proper zoning, which is rare. It didn't work out for me, but if you'd like I can PM you my agents info. She also has a property management company that can help manage if you need.