All Forum Posts by: Josiah Tubbs

Thanks guys, I appreciate the input. I was a little iffy on the deal, but just wanted to see if my suspicions were warranted. Thanks!

I found a 1br/1ba condo in Mililani, HI, @677sqft. Tax estimate on it is approx. 183,000. Asking price is 169,900, comps range from 185k-198k. I've got them down to 155k + 15k at closing, for repairs, for a total of 170k. Basically, the entire inside needs to be demo'd.

-New flooring throughout
-New cabinets and counters in kitchen
-New appliances
-New fixtures (Lights, ceiling fans, outlet/light plates)
-Demo closet wall in bathroom to make more room
-Tile in bathtub
-New vanity in bathroom
-New paint

They want 5000 as earnest money, I think it's that's a high asking price for earnest money. They want to close ASAP, I haven't even been able to get an inspection on it, and they want earnest money (non-refundable of course) soon. I just want to make sure everything is on the up-and-up and I know what I'm getting myself into before I give out money or sign anything. Yet, I don't want to lose the deal to someone else. Give me some advice, PLEASE!

Thanks!

Josiah from Hawaii

Hey folks!

I currently live in Hawaii and am looking to start investing in RE. I am currently in the Navy; however, I will be getting out in Oct. I am practically debt free, with the exception of a small auto loan. I also have some savings that is begging to grow! I finish my BS in Finance in about 6 months, with NO student loans...gotta love it!

Anyway, I'm very motivated and would like some guidance. With that said, if there is any experienced REI's looking to mentor a humble, willing to learn kind of guy, then I'm the guy you're looking for!

This website is an awesome find! Looking forward to learning from you all!

Regards,

Josiah