All Forum Posts by: Carolyn Clark

It is generally difficult to get a 6months lease on Oahu. Also AIrbnb s are illegal here.

Miliani is or was a well kept secret, and very nice place to live. It’s not really great if you love being right next to nature Or or hiking areas, the beach so you’re in the middle of the island everything is going to take a half hour drive or even longer, if they’re OK with walking in man-made parks and going to the gym then yeah this is a great place very quiet very well-maintained very safe .

They would beCompeting with Military renters who get pretty large rental subsidy’s.

@Andrew Postell

Thanks for comments, If I was looking for properties in Texas I'd be all over your skill pile (is this ok on this forum)? I need to set up an LLC and need accounting advice so I'll try to look in my State section on BP. The equity in my condo is over $130,000 so that's the hard cash I will have when sold. Honolulu country is a crazy market very expensive, probably heading to an outer Island to buy actual houses.

Aloha, Carolyn

In the state of Hawaii - we have 1.5 million people on 5 islands sooo those Meetup groups come and go, but I'll look again. I wandered into one of those buy our program for $5,000.00 and we will show you how to flip houses awhile back and did get a little spooked. After buying a condo and fixing it up and seeing huge gains I changed my tune and will look into investing again.

Thank you and Aloha...

@Caleb Heimsoth

You are upgrading their unit !! Sure the window needed replacing, but life is a two way street. The tenants should have moved valuables away from the work area and if it was me I’d have tossed an old sheet on any nearby furniture, seems like common sense!

But would not use that contractor again.

@Benjamin Hurwitz

Thank you for responding and for the good advice. I’m a newbie at real estate investment but not to business development in general. The reassurance about non conventional Lenders is very helpful.

@Karen Margrave

Thank you, very helpful information I appreciate your input.

I don’t think you read my entire post. I do not and never have owed money to the IRS how dare you insinuate I might.

You are trolling and Abusive - you should remove your comment

How do I acquire the liquidity I need to maneuver? I’m a lifelong serial entrepreneur, not new to business development, but just now turning to real estate.

I have an excellent credit score, very low debit, equity in a condominium and a small trust account, but have mostly untaxed income so conventional lenders just laugh at me. I briefly looked at asset based lender like Visio (?) lending, but they seemed a little shady. Any other recommendations on acquiring liquidity or loans to move forward.

I own the condominium I live in, in Honolulu County with $100,000 plus in equity. The 900 sq ft condo is still increasing in value at about $1,000 or more Per month, plus I’m a commercial designer and have done some nice remodeling. The condo has a 33 year loan from the USDA at 3.25%, but still wish to sell not rent out the unit-and I believe I need the cash anyway. Definitely Taking advice on this point for sure (and thanks.)

What I really want to do is to cash out on the condo ASAP and buy small rental properties and land in secondary and scenic markets like the Oregon coast or Puna, Hawaii. As an aside, I’ve lived in Hawaii for 28 years on 4 different islands and could help anyone not familiar with he markets here, who want to enter especially Puna and Oahu.

Also need a good lawyer specializing in setting up LLCs. Thanks for help or advice.