Investment Info:
Condo fix & flip investment in Honolulu.
Purchase price: $100,000
Cash invested: $30,000
Property is valued around $315k
Foreclosure purchased from bank
No renovations since 1978
What made you interested in investing in this type of deal?
Location!!! Close to University, hospitals and Waikīkī
How did you find this deal and how did you negotiate it?
Watched properties listed over 60 days
Used same realtor to keep costs low
How did you finance this deal?
Cash and hard $ loan
How did you add value to the deal?
Renovating and flipping in a month
What was the outcome?
TBD
Lessons learned? Challenges?
There is a lot to find out with your first property in Hawaii!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes! Heidi Pagano at C2 Financial is amazing to work with, patient and knowledgeable on all types of loans.
