All Forum Posts by: Loren Clive

Aloha @Bj Carvalho! Are you related to Junior the fisherman by chance? 

I'm a broker here on Maui who lives right down the street in Makawao, own multiple rental properties, have bought/flipped/held personally and for clients. Although the entry price point is high, there are cashflowing opportunities on Maui. And rates are really low right now. 

Here to help if you need it!

Every county is different. On Maui, it takes about six months, they inspect your home, and I've heard of clients paying up to $30k to have someone connected walk their application through. You can do it for less expensive yourself, it's just a headache. 

Absolutely, totally worth it! However, it does not run with the land, and the number of permits issued are limited by area. Lots of regulations here in our semi-communist state.

See http://www.co.maui.hi.us/1377/Short-Term-Rentals

Invest on Maui. Best island in the world! County government is strongly opposed to development with which shores up both rents and home prices. I was in the County office yesterday, and noted a chart predicting a 15,000 unit shortfall in homes in 2030. 

I have never had a vacancy for longer than a week in any of my rentals.

And you get to write off all your vacations. 

@Robert Herrera Great idea, but Maui County regulations do not allow for short-term rental of homes without a special permit. Hawaii Island is most affordable, but you don't have the jobs/economy of Maui or Oahu. 

I was in the Maui County planner's office yesterday, and they projected a shortage of 15,000 housing units for 2030. That means rents will keep climbing. There's huge upside for buy and hold here, but price point is high at $500k with $100k down needed just to get into the market. 

Love buy and hold!

Buy yourself a home first. Wait for it to appreciate. Get a HELOC. Then get into the fix and flip.

Remember, you can earn up to $250k tax-free just selling your own home vs. capital gains based upon your income for flipping. I know investors who forego the flip and simply improve and then resell their own homes every three years to take advantage of the primaryresidence capital gain exemption. Better terms lower risk.

I have an S-corp for my real estate brokerage since 2012 and manage it myself. I think you're overthinking this. Just get a good accountant.

cozy.CO. tenant pays for checks, site also collects rent for free!

Depends on taxes and market in general... Not sure about Nevada. if you can get it for $100k i'd go for it. 

aloha, Paul. I'm a broker on Maui, have dinner flipping and holding. Holding offers steady income that qualifies you for future purchases plus tax shelters. You can also tap your equity with helocs. Real estate is an awesome business, learn something new every day. Here's to your success!

buy 30% or more below market value. Buy when you see a deal. Good values go fast