All Forum Posts by: Lance Antonio

this sounds like it'd become a tax game from there on and nothing is better then cashflow, but from my understanding if your gonna be getting into rentals, id think more 5-10 year return. meaning appreciation and depreciation depending on what your plan is. i cant compare the 2 as i dont understand stocks as well, but i do know my money into stocks, i aint touching it for awhile. just my 2cents haha 

figuring out what city to invest into for our first ever property!

Quote from @Taylor Ratliff:

Trying to get some clarity on what you are saying so I can potentially help. Have you already purchased a property or are you wanting to? Have you looked at the first-time home buyer programs in your state? 

No we have never purchased. Last year we went through the whole process, but got cold feet, but got back into it this year but haven’t redone our pre qualification again and just didn’t save enough yet to cover a down :) sorry I was just ranting up there because I came across a deal but not fully prepared for it  

so how about those deals you see in your area, but are not fully prepared for it, and kicking yourself in the face. haha

im a handyman here and working in a very desirable area, see an open house. only to check it out and see what its going for, and knowing the opportunity in it. but with no down payment saved up yet, and havent re done our prequalification, is really kicks me in the but! knowing what were shooting for its so frustrating to not get things done sooner. how would you guys handle it? mind you this is our first home buying experience and we'd more like to hold on to it, because there is a ton of reno that needs to be done but we'd only keep it for the long haul, meaning rental. ok end rant! Thank you BP

Quote from @Hoshang Hafizi:

@Lance Antonio

Maybe we can set up a local meet up to get to know others. Or attend other meet ups that already take place here. Either way, I would love to get in touch and talk REI.

  that’d awesome! I think they have a local group that’s also been doing meet n greets 

Thank you all! Really opened up my mind and more so just answering my gut feelings. I know it’s tough out here but I think we can do it 🙂

Hi, so me and the wife have yet to purchase our first, here in Oahu HAWAII it isn’t the cheapest, but we have a goal to just get one condo. We want to get it as a first time home buyer with the, I think 3% down, but it’ll require for us to live in it for a year, which we don’t mind, but we do want to rent it out as soon as we can. My question is, is this a good idea and would it be something worth doing? Or do prices and interest rates matter? Also if there’s anything we should do or lookout for? 

Thank you in advance 

Quote from @Torre Samonek:

Hi Lance,

I'm a Union Carpenter as well, Local 713.

You guys are going to do great.  

We bought our first house hack in June 2020

We now have 3 properties total.  Two of them are STRs.

Good luck!

heck ya brotha! really appreciate the kind and motive words! that just fuels us. so awesome to here you guys are on the move and thats amazing, and us too want to get into rentals! cant deny the carpenters union and the hard hitters that put out every single day! lehsgoooo! mahalo torre

Quote from @Lane Aakhus:

Aloha and welcome Lance!  My wife and I are also located on Oahu. I have been looking for value add Oahu properties (albeit not very aggressively) for the past few months.  Give me a holler if you are looking at anything interesting that may be easier to take down by hui'ing resources.  Best of luck on your REI journey!! 

awesome! got your message and messaged back!

Quote from @Kendra Lane:

Aloha! I’m in Honolulu as well. With the high costs here, I choose to invest in mainland properties. I stay busy with my full-time job in commercial construction and I also like to learn about the investing side. Welcome to the site, there is lots of info here!

yes with me being around the trade daily i see and hear everything about cost, our family eventually wants to move up to the states not because we dont love it here, (like they say, thisll always be home) but opportunity. appreciate you!