All Forum Posts by: Robert Koncal

What are your biggest challenges as a new real estate investor? Whether you have a deal under your belt or not. What would be the biggest help to you atm in your real estate journey? 

 Thank you for your reply. DM sent.

I have an opportunity to work with a foreign private lender. They are not U.S. citizens and don't have a business here in the U.S. Does anyone with experience know what would be the best approach? Should they create an LLC here in the U.S. or would they be able to lend as foreigners? Please advise. Thank you very much.

Hello, I would like to connect with all the investors in Topeka, KS. I am looking at some multifamily properties and would like to get a better sense of the neighborhoods and their classes. Let's connect!

Everyone interested in real estate is invited. We will be talking about the BRRRR project in Hawaii, the current stage of the real estate market in Hawaii. Hang out with like-minded people. Learn from other real estate investors.

 Real estate comes with 4 different ways how you can make money with it, generally speaking.

1. Cashflow - you rent the property, cover all f the expenses, and profit on what's left over
2. Appreciation - property goes up in value over time
3. Principle paydown - renter pays down your mortgage
4. Tax benefits - I am not a CPA so don't want to go into detail here. 

You don't hit any of these four if you rent. So, in my opinion, the question you need to ask is, do I want to make money, or do I want to spend money? And I am not saying it is not ok to rent. It is but I truly believe if you plan to stay for more than 3 years, owning a property is a better option, and here is why. 
Let's say the purchase price for the property is for example $500,000. The average appreciation on Oahu for condos and SFH combined in the past 38 years is 4.93%. Let's say this year the properties won't appreciate as much and we will see market stabilization therefore we see only 3.5% appreciation in the next 4 years on average. So, you will "make" about $17500 per year on this property. The difference between renting and owning as you mentioned is $1500/mo so that's $18,000/year. The difference is $500/year. Do you think you can gain that $500 on taxes? If so, you're better off owning from year one. And it is going to get better every year.

Just my 2 cents. Enjoy your day! If you have any questions, please do not hesitate contact me. 

 Aloha Alice, could you be so kind, can you send me the map as well? Thank you very much in advance. 

U.S. District Court Judge Derrick Watson issued a preliminary injunction stopping the city from preventing anyone from renting a property for less than 90 days. What are your thoughts?

@Benjamin Hartiens congratulations on your primary residence! As far as investing in Oahu, you are right it is a tough spot to find a cashflowing property. We are in an appreciation market rather than cashflow. However, if you can find seller financing deals or sub to properties you can cashflow. 

The other way is to look for a distressed property and focus on flipping. That's what most of the investors I know as well as myself do. Because the projects are usually more extensive the profit margins are also higher. You can use the proceeds to invest in something out of state with positive cashflow. 

If you're going after cashflow look at mid-west states. Personally, I invest in MO. Good luck and let me know if you have any questions.