All Forum Posts by: Jason Eno

Mahalo. Excellent question! It may be the case that I’m aware that I don’t know what I don’t know. I would like to pursue some wholesaling work here if only for the experience of doing it and getting to know some investors never hurts. 
I will say that I’m coming at this from a point of “what do I have to offer?” I’m here, I can do some things cheap, I know construction and what problems are easy or straightforward fixes and what are truly deal breakers (or price droppers). 

Aloha, I’m a carpenter here on Maui with an interest in investing in real estate on the “mainland”. I would like to develop a side hustle to generate income to put towards an investment portfolio while gaining experience in the real estate world. 
As a budding out-of-state investor I am quickly recognizing the value of “on the ground” local help. I also recognize the cost that hiring a professional can bring with it. 
Driving for dollars, taking photos, investigating repairs and very small projects are a few things I hope to provide.
I work a full time job as a residential construction foreman and therefore only have nights and weekends available. I typically work in the Wailea/Kihei area and live in Kula. I would be most helpful in Wailea, Kihei, Central Maui, Pukalani, Haiku, and Kula. 
Please allow me to fill in the gaps in your process where I can. Mahalo

I grabbed this from another thread here on BPMinneapolis 

https://www2.minneapolismn.gov/media/content-assets/www2-documents/business/Conversion-to-Three-Unit-Dwelling---Common-Code-Rules.pdf

I’m curious what you mean by “having trouble” and “converting”. What hurtles are tripping them up? The physical conversion should be simple enough so is it a regulatory issue? 

When I purchased my first house I chatted with the inspector about flipping... turns out he was knee deep in it. I ended up working with him and a group of people who were flipping in Western Washington. 

Now I’m in Hawaii (came for work from a lead in that group from Washington 18 years ago) and am considering a RE license or home inspection as a way to access the market here. 

Seems like you have a great idea here! Good luck and welcome to BP!

Following

Maybe. 

“Why, then, ’tis none to you, for there is nothing either good or bad, but thinking makes it so. To me it is a prison.”

@Dan D.... I didn’t say moving... “investing”. 

I will say, as a political kind of guy, the economy here is becoming more and more polarized, wealthy folks from everywhere come here and that drives prices up... not to mention AirBNB’s. There is almost no such thing as an affordable rental. I live in a yurt and thankfully due to my fiancé’s job/relationship we pay no rent. 

Basically one is in the service industry (hotels and tourism), own a business or came with money. There are cash poor land rich locals; often the ownership goes back to land grants by the King. 

Point being- there are many many many folks who leave and go to Vegas, Arizona, Portland, Seattle etc. People who have lived here for their entire lives and whose families have been here since before western contact are leaving for economic reasons. 

Also there is “island fever”... it’s a few rocks sticking up out of the ocean... it can get small. 

I wouldn’t rule out moving to the Continent at some point but free rent with ocean/island views in paradise, good job as a project manager for 189 acres and multiple structures with a multimillionaire who likes to help his employees.... ya, it’s hard to beat. 

As things move forward I will be having a conversation with my boss and the owner of the company to see if they can “help me out”.... say $200,000 for two years at 5%?

Seems crazy but this guy bought several properties at the end of the road (Hana), hardly ever comes to them and stays at the hotel when he’s here.... pays many people to hold the jungle back... who knows? I wouldn’t be surprised if he just said “yes” and tells me to contact his person for the check. 

But I digress.... don’t take a “normal” economic situation for granted. Broke in paradise is still broke; but you can live on the beach🤙🌈

Following. 

I’m new here as well. 

Thanks. I’m definitely willing to be patient, stick to my numbers and do the work needed. 

I’ll be running the numbers on properties of interest to get as familiar with the market as possible. Will also be speaking to agents in the area regularly.