All Forum Posts by: Loren Clive

Price point. LOL. I also like buying them in locations with very few vacation rentals, like Hana or the N shore, to ensure high occupancy.

Managing them myself allows me to keep 25% more income. But of course this would be more difficult if I didn't live on Maui. 

In general, studios and 1brs do better than 2brs due to higher occupancy and lower carrying costs (AOAO fees and purchase price).

On Oahu I hear you can do well with studios/1brs in Waikiki. I have an agent buddy there who can point you in the right direction.

Everything is great, raised rents 10% since COVID, going strong on Maui. But it's paradise

Easy: A. 

Rehabbing is a huge learning curve and there are so many variables. Plus studies have shown you don't make as much money as projected because costs and rehab time often exceed estimates. You're busy enough as a CPA.

In many markets you can do absolutely nothing rehab wise and sell at a profit in 5 years.  

Sellers and/or agents can require that a buyer is prequalified before showing a home. 
And you should be doing this anyway, especially in this market where financing has changed a LOT!!

These are not lowball offers! Anything within 10% of list is reasonable, especially in this market.

Dump your agent. He is not working in your best interest. 

As an investor/broker, it really doesn't matter if your agent is an "investor agent." That's more branding than substance, unless your agent is bringing you off-market deals.

That seems like a great price! I know a local PM company here charges $7 per property per day=$210/mo for basically the same service. Please keep me updated on how it works, Matt. I've been looking into this same service.

nice job, I think I recognize that house from before you renovated it

I have seen clients do very well with leaseholds here on Maui. 

I have a friend who specializes in STR in Honolulu. He might be able to help you out. DM me.

Hi, Lisa! I own eight properties on Maui and still see opportunities. Let's be friends. 808-250-6891

if you can put 30% down, I know where you can get 4.125%

but rate sounds normal for Hawaii, particularly if the condo is not conforming