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All Forum Posts by: Cole Schlack

Cole Schlack has started 11 posts and replied 133 times.

Post: Need Advice: How to Increase Bookings for Unique Luxury Hawaiian Mansion

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

As an agent selling STVRs on the big island, I would say you are getting a good nightly rate at $18,000 per week(what is shows on your airbnb page) which I think is good for Kona.  You could sell and buy something in the Mauna Lani resort area which has more demand.  

Post: Anyone Investing Based on Climate Change?

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95
Quote from @Michael Borger:

In coastal areas like Hawaii, where I invest (in addition to Alaska), you have to be mindful of environmental hazards -- hurricane susceptibility, erosion, salt corrosion, etc. I used to work in geoscience and was part of a study on erosion in the Hawaiian islands. Some beaches erode, some accrete, some have big swings, etc. If you don't think about it when you buy, someone else will when it's time to sell (and the situation is worse). I personally have to be really convinced to buy anything beachfront -- the risks are often not worth it. 


 Investing in the property just back from Oceanfront maybe the ticket, but yes I think most investors are not looking at the high costs of investment in beachfront.  I suggest farm properties as So Cal keeps losing farms Hawaii has some of the farmland in the US, maybe world. 

Post: Aloha From Hawaii🌺

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

Why not just invest in Hawaii?

Post: Anyone Investing Based on Climate Change?

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

Yes I am investing in Alaska and Hawaii. 

Post: Looking for investors in Oahu Hawaii to connect with.

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

Hey , happy to connect, I work with some flippers if you want to message me the info

Post: Wholesale or JV Commercial Property Deal

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

whats the deal?

Post: I hate my rentals- should I just sell and be done with this game?

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

Sell them , if you dont love them and you would not buy them again, Sell!!  There are sooooo many other types of RE to buy.  Ive owned them all in 8 states, now I only buy things that are great, great locations, interesting, fun to use(Vacation Rentals).  Land, I own some of the most amazing parcels.  You can make the same or more in many different areas, often the more specialized the more appreciation potential.  I hope you find what makes you happy

Post: Short Term Rental Permit Denied by Planning and Zoning

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

Sell it and buy somewhere that is easier

Post: Southern Utah Short Term Rental Expert Agent

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95

I worry that the market is so saturated and if income can justify the current pricing but Our EXP Team can help, my wife is an agent in Utah.  We are STVR owners, Self managers and agents for the last 20 years 

Staci Schlack

801-388-9066

Post: Looking for advice on strategy for first STR

Cole Schlack
Pro Member
Posted
  • Realtor
  • Hawaii, HI
  • Posts 145
  • Votes 95
Quote from @Ethan Farr:

I have an opportunity to purchase a lakefront lot on Table Rock Lake near Branson, which is difficult to find to begin with, but this is also a lot that is has no short term rental restrictions. The lot is over an acre, and my plan would be to build a small vacation rental. I would love to hear any advice on the best way to go about financing this whole process. Considering I would need to finance a portion of the lot purchase and then finance the build, would the best approach be to take a heloc on my primary (which has more than 100K equity) and use a portion for the downpayment of each loan? Sorry if this question comes off as ignorant, I'm just starting out and any help would be greatly appreciated!


I would look for a second home lot/construction loan combo. I think it can be a good idea to build an STR to hopefully get the purchase price down and give you a buffer for the future if rentals dont stay strong.