Hawaii 1920's Classic plantation home full reno

[Tony Kawaguchi]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $1,000,000
Cash invested: $400,000
Sale price: $1,850,000

Full reno of a 1920's classic plantation home.

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

The home had great character and had been untouched for decades.

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

It was an old listing on MLS and people were afraid of the scope of work due to termites and flooding.

How did you finance this deal?

cash plus bank loan

How did you add value to the deal?

total reno of $400k

What was the outcome?

Sold in the midst of the pandemic, June 2020.

Lessons learned? Challenges?

Should have held it longer, as the market kept rising.