All Forum Posts by: Derek Okahashi

Lane Kawaoka thanks for that. I could go for the Nashville townhome but do not have much left for another investment. Savings rate the next 16 months is tough because of two preschool age children but once one is in school and that 2nd income kicks back in, the 5-10k/yr will be happening. So, 2019-2020 before that savings rate kicks back in.

$1,100*

Jason DiClemente thank you for responding. PITI for the South of Nashville townhomes will land in the $1k-$11,00 area with HOA depending on options and which development. I’d cash flow about $300 if my parents managed it, less of not. But I’m paying about $40k to cash flow $300. COC/Cap rare isn’t great. In Augusta if I 40 out 50k on a 30 yr amortization (I might go 20yr but we’ll see), PITI would be around $300 with no HOA (but higher cap ex). I might cash flow $300 after management but I’m only in it for 10k. Total different product and approach I know...but I’m green and figuring it out :). Appreciate your input!

@Lane Kawaoka what you think Hawaiian?

Any comments, critiques, or recommendations welcome.

Despite not being active on BP for a bit, I have been hustling working two jobs (+ kids, military reserve, a demanding job of my own, and school) to save capital and continuing to read and listen to education. All that said, I may have my first deal.

It is a 2/1 SFH in Augusta, GA. 50kish but haven.t landed on a number. 1950 build. Bought on auction, rehabbed, and rented out since 2014. Seller is consolidating to clear some debt. Will need a new roof in 5 years or so (est. 3k). Should perform at $650/mo pretty easily and might be able to stretch a little more. Weird set up but I guess not all that uncommon in that area for older homes. Washing machine in the kitchen area and dryer out back. Prob a class C area.

My parents live South of Nashville where I can get a new construction 2/2.5 town home for 187k and get $1400 in rent in a class B+ area. Brand new product, less worries, higher caliber tenant, can have my parents be a point of contact (manage it), no yard to deal with, way more appreciation potential...........but smaller cap rate less cash flow. It wouldn't even meet the 1% rule.

Thanks for any comment.

@Doug McVinua I have a friend of a friend who I've just connected with in Arizona. I am excited to learn about your market. I'd love to find a multi-fan situation in a B class neighborhood or so where I can appeal to nurses, students, on other similar professionals. 

@Lorna Kaaloa Howzit!? Thank you for posting. I would love to chat more about that. We are looking to move back home to Oahu in the next 12-24 months and in the mean time I am looking at cash flowing assets out of state (currently live in CA). 

@Michael Ablan credit score in the high 700's, and no (yes/no as you said) but I will be transient for the next couple of years so a VA loan (I'm a veteran) on a 4 flex near San Francisco doesn't currently work for me. I am looking to get a duplex or more once we settle down in Hawaii in a couple of years. In the mean time I am looking to invest outside of CA/HI.

What would you do with 50k dollars?

Lane Kawaoka mahalo for the response. I am actually moving back home to Oahu in the next 12-24 months. Do you own properties on Oahu? We are looking to take over my mother-in-laws property management business and real estate clientele eventually while building a portfolio of investments.