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All Forum Posts by: Harrison Gomes

Harrison Gomes has started 1 posts and replied 2 times.

Originally posted by @Michael Borger:

Cash flow isn't easy to come by in Hawaii, as you likely well know. Right now I'm midway through renovation of a duplex flip near Chaminade and UH Manoa that will hit the market mid-month. It will be super easy to rent out given the proximity to those schools as well as KCC down the road, but the price point of that area itself means it won't cash flow. You'll have to be really selective in your location.

Hi Michael, thanks for your response. We have been specifically looking in this area for a couple of reasons. 

I've been doing a lot of reading and analysis on properties in this area and it seems to have some of the best price points with the strongest cash flow on Oahu. Most appealing factor being the ability to rent. 

One thing to consider is that the appreciation of properties in the Moiliili/McCully and Kapahulu/St Louis Heights markets may not be on pace with other areas on Oahu like Kailua and Kaneohe.

What do you think? I would love your input!

To prevent paying capital gains taxes, we used a 1031. We are looking to purchase buy and hold properties in Honolulu, HI. 

Our goal is to have solid cash flow within one year and liquidate in 10-15 years. Like all RE investors, we want to maximize both cash flow and property appreciation.

I understand that there are multiple options available, but what are the main factors we should be considering?