Vacation Rental in Maui, HI

[Teresa Nelle]

Investment Info:

Other buy & hold investment in Lahaina.

Purchase price: $206,000

My personal home located 1 block to Napili Bay which will eventually be a vacation rental and I will move to a larger home.

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

It's a stepping stone to owning a larger piece of paradise.

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

I am a Real Estate Agent.

How did you finance this deal?

Owner financing

How did you add value to the deal?

I remodeled it.

What was the outcome?

So far, the value has increased by $60,000 in 2 years

Lessons learned? Challenges?

Pay attention to your Contractors