All Forum Posts by: Lei Wei

Hey @Lei Wei I'm from Maui and have been in STRs since 2012 but never bought in Hawaii because they are not friendly towards STRs. My vote is invest in other markets where the money makes sense and then take that profit to visit whenever you like.

Of course, happy to connect you to local agents if you want to explore possibilities.

I appreciate this alternative perspective @Zeona McIntyre! It's really hard to predict where regulation will go and it is indeed one of the risk factors for all investments. I am curious though, in hindsight, how does an investment in STR in Hawaii in 2012 would compare with other markets over this period of time despite all the regulation headwinds?

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Quote from @Bryan Vukelich:

Aloha @Lei Wei and as always, big mahalo @Andrew Steffens for recommending me.

Lei, I'd be happy to serve you any way I can.

For Ko'olina, I love the Beach Villas (as well as the entire Ko'olina area) and if you are primarily looking for a very quality property for you and your family to use, I'd recommend it. However, if cash flow is important to you, there are other properties on O'ahu that would make for a better investment and that your family might also enjoy. Examples are Ilikai or Waikiki Beach in Waikiki, or Kuilima Estates in Turtle Bay.

I'm happy to answer any questions you have, so please never hesitate to contact me. I am here to serve you.

Lastly, I do a weekly STR update you YouTube if you are interested where I talk about all new STR listings and sold listings. Newest episode will be out tomorrow.

Thank you @Bryan Vukelich and @Andrew Steffens! I will reach out to you Bryan to discuss more.

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Quote from @Mark Waite:

Taking my realtor hat off for this discussion and putting on my investor hat. If you are looking to purchase an STR in Hawaii, take a close look at the data. The tourism authority has had some good information in the past about how many visitors come to each island and, of those visitors, how many book STRs. To me, that is extremely critical. Hotel saturation has to be considered.
If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying. But, regardless of the location, Hawaii always has been and always will be a popular, year-round tourist destination. If you get help and look in the right locations, you can make the numbers work and still enjoy the property with your family.

Very insightful @Mark Waite. Absolutely agree with that number needs to check for an investment. To me STR and hotel caters to different groups of travelers and so despite competition as long as the travel demand of Hawaii remains (as you pointed out is a robust assumption) I think both will continue to do well.

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Quote from @Sarah Kensinger:

Reach out to @Carson McGee. He knows Hawaii very well and could help you out!

Thanks @Sarah Kensinger! I will reach out to Carson.

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Hello Everyone! Happy new year!

I'm considering investing in STR in Hawaii to diversify my investment portfolio (mainly for capital appreciation) as well as it being a regular vacation place for my family. My personally favorite spot so far is Ko Olina but I'm open minded. I would love to get some advice on how to start and get introduced to experienced local agents who I can partner with. Any advice or introduction would be greatly appreciated!

Thank you!

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All Forum Posts by: Lei Wei

Lei Wei has started 1 posts and replied 5 times.

Post: Investing in Hawaii

Post: Investing in Hawaii

Post: Investing in Hawaii

Post: Investing in Hawaii

Post: Investing in Hawaii