Single Family Home in Haiku

[Travis Bradburn]

Investment Info:

Single-family residence buy & hold investment in Haiku.

Purchase price: $545,000
Cash invested: $50,000

My partner purchased this home and while we live in it I have been doing sweat equity to it for the last 4 years. I have renovated the ohana which we now rent for 1,200.00/month, replaced the windows and trim inside and out, painted the exterior, added landscaping, added a pantry, changed out all the ceiling fans, under cab lighting, added insulation, added solar PV with net meter, now working on the front elevation. When its all done we can sell or keep it as a rental either way its a win.

What made you interested in investing in this type of deal?

Building capitol for future investments, good tax shelter, building sweat equity.

How did you find this deal and how did you negotiate it?

Word of mouth

How did you finance this deal?

VA Loan

How did you add value to the deal?

Through my Sweat Equity

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mary Fabbio was our mortgage broker and she is amazing. Any one who needs help with creative financing or non-linear deals should be working with her, she finds a way to make it happen for you.