All Forum Posts by: Danny F.

What a great gathering, it was fantastic meeting new people! Thank you @Brandon Turner for coordinating this meet-up.  It was a pleasure meeting your wife and your beautiful baby. 

Thanks to all who came who made the experience possible as well. Lots of food, laughs, smiles and stories!  It was awesome to hear how others are making their dream a reality in real estate in Hawai'i and outside of Hawai'i. 

We must do a Hana Hou before you leave the glistening sands of Hawai'i.

Much aloha,

 Maka (DannyF.)

Aloha and welcome to the BP family!  Ask away, read up on the blogs and watch upcoming podcasts/WEbinars.

Wishing you the best in investing!

Much aloha,

 Danny aka Maka

Wow! Where I am at, the best you'd find is sand from the beach.

I don't think they'd be coming back for it, but I also feel what would be their reasoning to leaving it behind...yikes.

much aloha,

Danny aka Maka

I shall be there right after my class session which ends at 3pm. 

I'll bring chicken or baked spaghetti.  

Aloha @Brandon Turner,

Welcome back to Hawai'i nei. 

My family is from the south-eastern part of O'ahu and I grew up in Waimanalo which is  a few minutes away from Kailua.  Though I live one the other side of the island, I am more the willing to meet up to have a gathering and pot luck. 

There are a few of us who meet up regularly with @Jordan Sunshine  Hence we will let the group know of your coming to Hawai'i.  

Have a safe trip and definitely please keep me posted for the meet up.

Much aloha,

Dannyf aka "Maka"

I was thinking I may have missed something.  I too found it interesting that you would invest in a newly burnt to the ground house.  Is it that you want to do property development due to location? Property development has multiple complexities which maybe quite challenging for a new investor. 

In regards being ethical, I do not see a conflict with you purchasing the property unless there is more to the story.  

Anyway, I hope you the best. Maybe it could be a collaborative partnership on the property too.

much aloha,

Danny F aka Maka

Each county in Hawai'i has different rules and regulations:

Hawaii County’s Zoning Code requires anyone wanting to operate a B&B obtain a use or special use permit from the Planning Department. Applying for the permit costs about  $500.

Statewide, B&Bs are banned on Oahu unless grandfathered in before a 1989 ban went into effect. Maui and Kauai counties require use permits.  I see you are from Maui and each area has permit limits see http://www.co.maui.hi.us/1206/Bed-and-Breakfast-Pe...:

Act 204 of the 2015 Hawai'i  state Legislature requires all advertisements listing short-term rentals to include a tax registration identification number. Individuals who do their own advertising – online or otherwise – are now also required to include their registration number. The law says citations may be issued to any noncompliant listing site, with fines between $500 and $5,000 a day. Violators could also be subject to criminal penalties, including up to a year in jail.

O`ahu, you must have a permit from the City and County of Honolulu in order to offer rentals for periods less than 30 days.

Again, unfortunately, the City and County of Honolulu stopped issuing these permits in 1989 and has no mechanism to issue those permits and no plans to create a process (why? Well, the rich hotel and tourist industry had lobbyist to keep the 99% of business in Waikiki vicinity, but hey that's another topic).

All that is mentioned, protect yourself.  Start the eviction process.  

 For example, you must give you five days’ notice to tenant to pay the rent or leave (Hawaii Rev. Stat. § 521-68) before filing an eviction lawsuit. This is for rental payment, sometimes days of notice can be 10 days or more.  Seek a landlord lawyer for legal advice. 

In, HRS Section Landlord's remedies for absence, misuse, abandonment and failure to honor tenancy before occupancy

(c) Unless otherwise provided in the rental agreement, use of the dwelling unit by the tenant for any other purpose than as the tenant's abode, or nonuse of the dwelling unit, constitutes a breach of the tenant's obligations under section 521-52 and entitles the landlord to proceed as provided in section 521-72.

Here is section 521-72:

HRS Section Landlord's remedies for improper use.

(a) If the tenant breaches any rule authorized under section 521-52, the landlord may notify the tenant in writing of the tenant's breach. The notice shall specify the time, not less than ten days, within which the tenant is required to remedy the breach and shall be in substantially the following form:

No allowance of time to remedy the breach of any rule authorized under section 521-52 shall be required when the breach by the tenant causes or threatens to cause damage to any person or constitutes a violation of section 521-51(l) or (6).

Sorry for the length.  You can look up more here: https://www.mauimapp.com/toc/govlantentoc.htm

Best of luck and keep us posted. 

Much aloha,

 Danny 

@Wayne Marshall

looking at my calculations and it is not the best deal.  I wouldn't invest unless you see the value of your property increasing greatly over the next year or two.  Sewer, Water, other maintenance and repair (not capex).  Always put your numbers at the worst possible case scenario, don't cheap yourself to make it work.   The only possible way is to increase the rental fee is possible but you truly need to check rentals in the area and how your property is comparable to others in the vicinity. 

It is obviously your choice but make sure who is mentoring you show all the numbers.  If you are not sure, like you are now it's best to have more opinions.

Best of luck and much aloha,

 Danny

Use social media (i.e. facebook, twitter, you tube to name a few) this is the age of quick information and gathering, we should all use it more.  The more people who know what you do, the more you'll have people come to you or referred to you. 

@Conway Churaman I commend you for realizing that you need to make a change.  Planning is always great yet we need to remember that we can plan so far the next step is action.  Many things take  risky moves and reading what you have shared so far all you need is to continue on to the next step.  I live in Hawai'i and how risky is it that many locals have to move away or invest out of state as risk much at the nearest state 2000 miles away.  Here at BP there are many who are willing to share advice and great advice, build a team, due diligence and invest...take the plunge, I know you'll do fine.

Much aloha,

 Danny