All Forum Posts by: Dillan Stoor

@Wesley Hayes I live and invest in Cedar city for the past 6 years opportunities have been great up until the past 6 months in my opinion. Its really hard to find properties that cash flow well due to the crazy "california" inflation. I assume rents will increase over the next few years but for now I am looking for lots to build duplexes on or investing in other areas. Feel free to reach out with any questions. But that's my take on the current market.

@Paul Winchell great advise and info. As mentioned above there are a lot of flip opportunities Hilo side but I believe that is for a reason and what you have explained is a very big part of that. In a market as hot as Hawaii's if there is availability or opportunity there often is a reason why... but someone could still make big bucks!

@Tanner Sherman 👍🏻

@Tanner Sherman I'll be on the island the 16th-22nd next month. I'd love to drive by it as I will be scoping out the area for my own interests in that same area.

@Tanner Sherman its sure to continue to appreciate. Throw a solid rental on there or camp on the land! Hilo area is definatly movning!

@Tanner Sherman properties in that area are going like mad right now. Just vacant land? I could help in the development, clearing or teaming up on a project with it. I am going to guess that land value will go up significantly once the housing supply shortens... some 15 homes sold just in HPP last month.

@Aaron Wisch if that proves true our goals should work out nicely!

I have been seeing these pop up for sale, it looks like your the only ne new built spec homes around! How did it or is it going!?

@Branden Spencer what was mentioned above is correct. The big island has some of the most affordable housing in Hawaii, but that is because of location. Kona is nice and the tourist hub but expensive. Hilo side is very affordable but there is very little zoning that allows short term rentals and it is very rainy year round. Depends what your looking for but deals can be made anywhere.

I am located in southern Utah where we have been seeing a huge migration of homeowners from California as are other areas. I would like to start a discussion around areas seeing this big boom and the unreal appreciation of homes because of demand and the extra money outside buyers bring.  

What I am curious about is what other areas are seeing this and how has it affected the community and what were or are the end results?

As an example 6 years ago I bought my first investment home for 128k which was a little high for the condition of the home but it was what I could get worked out. 3 years ago it was appraised for a refi at 210k not a huge jump, but now in the past year and a half the appreciation has gone up roughly another 100k where houses are now so hard to come by you almost have to have 30k more than asking price and cash to close a deal. 

As an investor this is killing the cash flow for future potential investments and would love to hear from others what some options may be.