All Forum Posts by: Andrew Call

Thank you Greg, great advice. I am studying every day. Can you describe more how you went about the 61k deal? How did you find it and close before the others? 

I do full remodels on Maui, if you are looking for someone to hzve work done for the rehab, I'd like to talk to you. I have photos of a recently done full remodel of a 2bd Kihei condo, a portfolio of completed projects, references...

I'd be interested in future collaboration on purchases and profitsharing on flips aswell, I can do a large amount of work free, as part of an LLC/LLP. Has anyone seen these types of contracts, have experience with them? I am sure contractors here know what I am talking about.

The property is the one Greg was talking about, 869 Mahealani. I talked to Mark and he remodeled interior walls to change the bedrooms, no living room. its basically a good sound insulated 4 unit house just like says on the description on zillow. He added plumbing to put in a ne bathroom (toilet). other than that I have not seen the place, but given there were renters recently and the remodel, its likely rentable (functionally, not necessarily legally).

I looked up rents in Kihei, the town where the house is, at between 1200 to 1899 for a 1bed house. Conservatively, 4 renters at 1200 each is better than my earlier (quickly) guess-timated 1800-2500. I am looking at better ways to estimate rents and find comparables. Thanks for the input.

thank you very much both of you for the sound advice.

Hello, This is my first post here on biggerpockets. I live on Maui, Hawaii, and am loooking to start REI, I have been studying and looking up deals for a while now.

2 opportunities have presented themselves.

In short, one mansion style home taken apart in sections with every piece retained, due to being built in wrong place too close to ocean, ready to be rebuilt. 150k to buy, haul it to any property, permitted to rebuild. offer of 120-200k to have demo team rebuild it as desired, materials alone worth 1.5M+, can sell at 2-3M or rent at 15k/mo. FCFS person with 150k.

Second opportunity is a home for 599k, 500 down to close, owner is second lienholder looking to close out Bank NY first lienholder for 455k cashout. Wants to do a double escrow. Willing to negotiate on some terms. house in great condition, highly rentable, in medium area, for 1800-2500.

Any suggestions do these numbers work for 1st time buyer, and where to find investors?

thank you.