All Forum Posts by: Loren Clive

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

if it's too expensive, he can move. there is no need for you to justify anything to this person

When is she wanting to start her lease? She is wasting her time if she is not ready to sign a lease within two weeks, because everything available now will get rented in that timeframe. Unless she's willing to start her lease immediately to hold a place.

Tenants always seem to forget that when you can move in does matter to landlords, and typically the sooner the better. 

If she's moving in a couple of months, what she should be doing is getting together a dynamite renter profile, including financial info, credit report, background check and past landlord references. In dealing with tenants here, it's amazing how many stall on filling out an application. Or show negative bank balances. If she shows up prepared and motivated, and also has cash in hand for deposit and rent, she should have no trouble finding a place. 

She might consider renting in central Maui (Kahului/Wailuku), where the rents are cheaper, then commuting to work in Lahaina. She will pay top dollar to live in Lahaina that has very little workforce housing.

Best places to look are The Maui News and Craigslist. August is the slowest month for rentals.

Regarding scams, always check the real property tax records at mauipropertytax.com and make sure the owner matches up.  Good luck!