Your completely correct Matt. Getting the ball rolling on Oahu is challenging. I'm into long-term rentals targeting the local market. The reason I choose to invest in Hawaii besides the obvious reasons; island beauty, fairly stable property values and expanding market/city was quite simply that I live here and have a solid career on the island. I know with technology people are investing outside of their home markets more and more these days. I love the satisfaction of driving by my rentals. Plus, I can be more involved in my business. Properties more or less start at 700k and, if legal, rarely make the famous 1% rule. So your mostly investing for tax advantages and equity. That's my take on the long-term rentals on Oahu.
Hello windward Natalie,
Kaaawa is still stunning. Oahu is still expanding by leaps and bounds. Honolulu is getting a light rail and Kapolei is bearly recognizable these days. With that comes the inevitable growing pains. A major housing shortage has driven up both property values and subsequent rents. There are definitely much more lucrative markets out there. I'm sure parts of Washington are really popping right now ; ) Thanks for your support with "any tax questions" it really means a lot.
And last but certainly not least Mr. Michael Mazzella
You know my roommate is more of an entrepreneur than a real estate guy. He seems to always be making one LLC or another online over the mornings coffee. Hawaii does seem to make the process painless. Thanks for that youtube video it was super helpful. I look forward to trying to convince Diane Sandlin, CPA to take me on as a client. She seems to be one of the best CPA's in the islands. I love what TBLC has been doing. Being successful on Oahu becomes very impressive once you get to know the market. I grew up in Miami and know what it takes to make it in FL and what it takes to make it in Hi, orders of magnitude of difference. Carry on
