All Forum Posts by: Joannie Torio

These condos are in Waikiki. Studios are in a range of $200-300k. Air BnB rates have been around $95/day, rented out for about 90% of the month. Message me for information. 

I am a licensed real estate agent in O'ahu. I have a few clients that are interested in selling their condos. There are several units available that are zoned resort for investors to do a legal Air BnB business that have potential cash flow.  Message me with your questions, I'd be happy to answer any of them. 

Hi Andrew, Have you spoken with a lender already? The max the VA lends is $721,050 on Oahu. Your rank and annual income will dictate how much a lender will offer you. I think I can help you run your numbers, message me your number, I’ll give you a call on Tuesday.

Thanks for the info, I will check them out.

I'll be there.

I'm looking for a bank or lender that can give me a HELOC on an investment property in Dallas, TX and Nashville, TN.
Any suggestions?

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Thank you Leslie!

Would doing a 1031 exchange be a good thing to do on the second property?  I am thinking of getting out of the area because it is so far from me, the market also appreciated much less than my first property.  I know I could refinance, it could make my cash flow better than what it is.  My thought is if I get out of the area before the market changes, then I'm ok with offloading that property because it may lose equity once the market adjusts and I'd be back to square one with less equity. I've never done a 1031 exchange, would you know if it is a harder process?

Originally posted by @Patrick Liska:

Your first one would give you about 69k to use, and the second one will give you about 38k figuring a 75% LTV. how much lower of a rate can you get for the 2nd one then it currently is ? , if you can save substantially on that, and refinance the mortgage with cash out, yet still profit from the property, that could be the way to go. you will need to run the numbers with different loan options and the interest rates you can get while making sure you can still profit from the properties you have.