All Forum Posts by: Manly Souza

@Lei Sala

Welcome to BP. There's a ton of Hawaii peeps on here now. I recommend Rich Dad Poor Dad and the One Thing as essential reads if you haven't read them already.

@Andrew Frazier

Welcome to BP. Congratulations on the license. What's the name of the property management company?

Hey @Account Closed, how you been?

Lol a turkey provider? Like giving back to the homeless during the holidays, haha. 

Yea I knocked it too. I was super against it and thought it was idiotic until I actually went there, looked at the numbers, checked out the neighborhoods, looked at dozens of properties from sun up to sun down, interrogated everyone about it and put an offer in to a property that I thought works for me. While up there I had legal counsel, talked to a handful of property managers, bankers, loan officers, brokers, etc., and I made my decision from the intel I had.

A lot of people buy remotely and don't even look at properties in person. I was blown away by how much people buy properties without looking at it. I got a handful of properties here in Hawaii and this will be my first out of state property and it's the same either way. My job isn't to manage properties. I manage people that manage my properties. 

I agree with you that there's always ways to make money in any market. There's a reason why investors say as long as the numbers makes sense it's a good deal. Everything else is trivial.

@Andrey Y.

You're right. It doesn't have the appreciation rate that Hawaii has but actually putting boots on ground there and it's clear to see that Indianapolis is going through a major gentrification. It's no wonder tons of investors are headed that way. 

Ok just let me know.

@Augusta Uwah

We're a team from Hawaii that came up to Indiana to invest in real estate. The market there is unbelievable and you can get a ton of information just by doing basic searches. We met a handful of property managers and I connected with a local guy named Russ Smith. If I lived in Indiana I'd be doing a ton of deals.

@Andrey Y.

We went up to Indiana and bought a ton of properties. It's really cheap up there. Over 20% return on most properties. Hawaii would never get that kind of number. Me personally I'm in escrow for a 6BR duplex and will probably buy another duplex or quadplex before I head back to the middle east. 

Duplex and quads are the best bet because in the case of vacancies with a unit, the other unit will cover expenses.

@Roger Ledoux

I disagree that you're only limited to Kalihi and the far west side of Oahu. Dolf De Roos said that the deal of the decade comes along about once a week. A buddy of mine bought his house for $428K. I think patience and strong offers are the keys to a successful deal. Properties are flying off the MLS at an unprecedented rate but if there is a will there is a way.

LMK how I can help.

@Andrew Callahan

Hawaii is an appreciation market. People here make hundreds of thousands of dollars in equity simply due to the timing of their purchase. I own a handful of properties here in Hawaii and I also help others buy and sell their property. I'm also in escrow for a duplex in Indiana where it's a cash flow market. Every market has their pros and cons. Analyze the market, talk to someone who knows the area, and make a decision based on your wants and needs.

@Jasmine C.

Is the event still on?

Depends on what you want to do. Some people don't like doing the CE so they don't become an agent.

I got a friend who invests here in Hawaii and she told me that she'd rather not get her license because she can acquire the properties much easier. The philosophy is that once someone says they are an investor attempting to acquire something that isn't on the MLS, it's like saying, "Hi I'm a used car salesman".