@Matthew Odou Aloha! I’m an investor from Hawaii. I could totally relate to your situation because i also wanted to take a leap of faith so I moved out of Hawaii in 2017. I moved to San Diego, CA, in San Marcos area to be specific. I was there for two years. While I was there I met and became part of this real estate community actively doing RE in Southern California and is successful in it. Luckily, that same group have a community here in Hawaii as well. I moved back here in Hawaii due to a family situation but I joint venture when it comes to doing deals with the investors here. In my personal opinion, as a newbie it’s best that you find yourself a team that can provide all necessary resources to close a deal and share the pie with them. I understand you have the money but in this business you can’t do it alone and one wrong deal/investment can blow your money just like that. I’m just being realistic. Like the saying goes, “don’t put all your eggs in one basket”.
Hawaii and Southern California RE market pretty much correlate, Hawaii is about 6 months behind if I’m not wrong. Most times it is good to invest in the area you are familiar with rather than investing out of state because it’s “cheap”. There’s definitely pros and cons but you have more advantage in your own area because you know it well.
If you’d like, I’ll be happy to explain all this over the phone so it’ll all makes sense. Feel free to PM me. 🤙🏻
