Hawaii, Honolulu - Looking To Discuss Market Strategies

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  • David Bain
    Agent · Honolulu, HI · Member since 2017 · 97 posts · 48 votes
    4y
    Quote from @William Kerkau:

    Aloha All,

    Wanted to discuss different strategies for investing within an investment market such as Hawaii. Any active members in the islands? if so, would love to start a conversation.

    Mahalo

    Aloha William.  I'd love to chat more.  I'll shoot you a message. 
    0Reply
  • Michael BorgerPro Member
    Rehabber · San Diego, CA · Member since 2010 · 502 posts · 208 votes
    4y

    Hi William. I've been investing in Hawaii for about 10 years now - mostly all flips, a few wholesales here and there, more recently some novations where the opportunity presents itself. I keep my eyes open for creative holding structures like sub-2s, lease options, owner wraps, but those are fewer and further between. My projects right now are a sub-2 + owner finance hold in Kailua out to some CPRs in Makaha and some in between, including a short sale flip in Waipahu and a new build downtown.

    It's mostly about being opportunistic and understanding different strategies so that you have multiple tools in the toolbelt.

    0Reply
  • Lane Kawaoka
    Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    4y

    If you are an Accredited investor lets connect.

    0Reply
  • William Kerkau
    OP
    Member since 2021 · 2 posts · 3 votes
    4y
    Quote from @Michael Borger:

    Hi William. I've been investing in Hawaii for about 10 years now - mostly all flips, a few wholesales here and there, more recently some novations where the opportunity presents itself. I keep my eyes open for creative holding structures like sub-2s, lease options, owner wraps, but those are fewer and further between. My projects right now are a sub-2 + owner finance hold in Kailua out to some CPRs in Makaha and some in between, including a short sale flip in Waipahu and a new build downtown.

    It's mostly about being opportunistic and understanding different strategies so that you have multiple tools in the toolbelt.

    hi Michael,

    thanks for the feedback. Kailua is a great town but its very expensive. what kind of market has been successful for you there? i've looked at kailua and there are some houses with ohana units that seem like a great opportunity for a house hack but the costs are almost never under $1mm. are you using air b-n-b to increase your income stream or finding another way to make it pencil out (i.e. renting to higher paying military?)?

    thanks!

    bill 
    1Reply
  • Joel BongcoBusiness Member
    Investor · Honolulu HI & Los Angeles, CA · Member since 2018 · 373 posts · 181 votes
    4y

    Aloha @William Kerkau many local Hawaii investors collaborate through an REI online hub. Please go to the website on my signature line or DM me. Mahalo!

    Joel

    [email protected]808-427-2444
    Inspired Life Investments LLC.
    WebsiteView Page
    0Reply
  • Michael BorgerPro Member
    Rehabber · San Diego, CA · Member since 2010 · 502 posts · 208 votes
    4y

    @William Kerkau The Kailua house I just made work with the built-in equity I negotiated and the ability to rent floors separately for the short-term (not STR) as well as the seller finance portion @ 0%. Sometimes you have to get very creative, but I always take a reverse-engineering approach to putting deals together -- figure out what the seller needs and then find the right tool(s) [strategies] for the job.

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