All Forum Posts by: Bryan Vukelich

Hi @Katrina Cabral,

Hopefully what @Nathan Gesner suggested will work and this issue with be resolved quickly.  However, you may also want to contact the Landlord/Tenant hotline at 808 586-2634 and/or real estate attorney Nathan Aipa at 808 523-5030 to ensure you properly protect yourself in this situation.  

Wish you luck, 

Hi Steve - congrats on your new investment. I recommend you follow your attorney's advice and hold it in an LLC. My recommendation is based on personal experience, and advice I have received from attorneys & accountants as well as other investors over the years.

And it is very easy to form an LLC so not making the process much more complicated.

Best of luck 

Hi John, 

I appreciate your clear, detailed explanation of your situation and can understand the challenge of living out of 2 homes and wanting a place for yourself.  Given your circumstances, if it were me, even though the market is crazy, I would acquire a MF home to live in one unit and rent out the other(s).  Yes, it is possible the market might correct and you might lose some value - but if you hold for more than a handle of years, my guess is you'll be fine.   Also, there is also a chance this crazy market continues, values will continue to go up. and you might stay on the sidelines.

But the key point is (as a wonderful teacher once told me) "Make your money work for you."  You're 33, have a girlfriend, plan to have children and want a home for yourself.  Even if the value of the home goes down in the short term, the freedom, independence, and overall quality of life you'll gain by living on your own and owning your own home, will likely be worth it.  

That said, only you can determine what is best for yourself.  Wish you well. 

Congrats Teddy to your first deal of the year.  Wish you well with it.  How is the market in Lancaster?  What is the average cap rate for a smaller multi family property that is in decent condition? 

Hi Dan,

I am not aware of any but I have two meetup groups - Enjoying Life on O'ahu and Honolulu Entrepreneurs - with about 3,000 members combined and I've done real estate investor meetups in the past that people seem to enjoy.  I'd be open to doing another between Feb 18-27th - is there a day/time that works best for you?  Past events I've held in Waikiki and Honolulu areas.  

@Sean Sarmiento yes, that company does a lot of Waikiki management but the also do quite a few 30+ day management outside of the hotel districts.   And no apology necessary about mention politics - as I agree with you.  With the public hearings they have been having, there is an overwhelming amount of people opposed to these new regulations - which will not improve the cost of living for locals but will rather have the opposite effect.  Yet, the majority of the politicians ignore this and support what is good for big business.   

@Ryan Wallace Thanks Ryan - yes we ended up buying an 8 unit in Eagle.  We are looking for another property so you are welcome to contact me if you find anything in the $1M-2M range.  

Investment Info:

Single-family residence buy & hold investment in Tacoma.

Sale price: $238,000

This is a single family home my brother and I initially were planning to wholesale but after we got it under contract, we decided it could make a decent rental. Finally decided to sell and reinvest in multi family in desirable neighborhood of Boise, ID.

@Dennis Nikolaev you'll definitely be able to find a house hacking opportunity then.  Any area of the island you desire most to own a primary residence? 

Hi Braedon, you're off to a good start if you are just exiting college and have $50k in hand.  Regarding financing, here are 3 lenders that might be able to help you.

Cary -  Hawaii Mortgage Experts:  His company does more loans in Hawaii than anyone else and he is very knowledgeable on financing.  808 469-1314.  

Adam - Forefunner funding:  His company has slightly looser lending standard than Cary's.  808 561-8102

Jared - Convenctus:  A hard money lender but terms aren't atrocious. I've personally used several times and have clients use his company as well.  Non income/asset verification for quite easy to get funding.  They work great if you find a great opportunity and can't get financing elsewhere. 818 522-9650.

And now sure how other guys are house hacking a new house every year unless they have a lot of cash and their tax returns are strong so they are getting financing, are using other people's money, or finding seller financing opportunities that offer lenient lending terms.  

Wish you luck - it is a shame O'ahu has too strict AirBnB laws- otherwise make it a lot easier to make the numbers work here.  

If I can be of value to you in any way, you are welcome to contact me at any time.