All Forum Posts by: Alex D.

@Shane Holomalia You're already a set ahead with your knowledge! Welcome and good luck! 

@Jasmine C. She typically hosts a few events near you in Kapolei. Another way to look would be to use meetup.com or google REIA for honolulu. The most productive way believe it or not was actually just using the biggerpockets networking section. So what you'll do is find the "community" tab on the top left of your current page, click on networking and then it'll pop up with a small list of them. To your bottom right type in your desired zip code and pick which one you're interested in. I know there is one that seems very adamanet about having one deal under your belt.....honestly, I'd just go anyway lol. I think it's not right to do that anyway because everyone started somewhere. People can't expect you to go broke trying to do your first deal before getting in "the club"

 Lol..

A good tip may be to come home having a bad day and say "this wouldn't have happened if we were financially free". Somewhere between 43-56 times of doing that, it usually kicks in and you're set. 

Another option is understanding that you can't force a fish to climb a tree. It appears as if you're communicating in a way that really only you understand. I'm afraid the more you push it, the more she may be inclined to turn away. I invite you to communicate by demonstrating how your goals are aligned. An example is asking her what is her dream home. She will talk it over then say that you are doing what you feel is the best way to get you both there. You are doing what you know is the best way to accomplish her vision. Explain that although it looks messy right now, the road to get there is the same. 

You have to remember that we aren't taught financial literacy in schools. We aren't taught to invest. We are told to go to school, work for someone else, have a nice home and you're golden. You're breaking the mold and what people are typically growing up believing. I can't tell you how many people laughed when I said I wanted to buy homes. Sometimes approaching it from different angles or in a way she understands gets better results.

@Tyler Hart I apologize. Before responding to your last post I didn't see this and could have elaborated more. My two cents, since you're in hawaii, is to save and research along the way. Find a market you're interested in such as Kansas as you mentioned and then attack it when you're ready. If you happen to be able to use you're VA, yes you'd have to occupy a home for a year but it's not such a bad thing because you're single and you could share the space with some roommates, charge them rent and put even more money aside. You could have a property manager or pretend as if you don't own the home if you don't want the awkwardness of asking for late rent. For now you're in the barracks (which sucks because it has a way of putting your life on hold) so as soon as you get good book recommendations hop on those and maybe consider a side job? Uber or something lol. Turn your 800 into 1k and leave the island with 36k cash to put towards a home(s) and expand from there! 25k for a home and 10k for emergency reserves. I want to type more but my phone isn't cooperating with me.

Good luck on your future investments! I'm sure you've heard already but i wanted to share that the easiest way to track down a mentor is by attending the monthly meetings that are in your area. You'll meet some people that may help with any future deals. Get a good idea of where you want to start, gun for it, work through the motions and ask for help along the way. I feel that people tend to shy away from someone whom hasn't attempt/pulled the trigger yet. 

From my experience, it really depends on the market. Sometimes it's extremely close and other times it's WAY off. I found the estimates for their rental comps to be fairly more accurate then the actual sale zestimate. I find that their project one year value is also very ambitious. I one time had a one year projection value to be 90k more than what it actually was.

I'm in the area as well so if you guys put together any type of meeting, I'd love to swing by.

@Albert L. I'm not sure it anyone addressed the issue yet however I would honestly just stick with a 12 month lease for now. Just for now though. The relationship is still new and you haven't received your first tenant from them so you may not be 100 percent sure about their screening process or their management style. They received a few dings in regards to tenant happiness as well if you google reviews on them. This may provide you with an out and you can possibly discuss a 24month lease afterwards. I don't see it being an issue as they seem like a good group of people.

Is the purchase price above 100k or below?