All Forum Posts by: Zasha Smith

 Perfect!! Just text me as well to see if we’re still there. Hope you make it!

Come network at our Biggerpockets Maui Meetup this Monday March 28th from 3-5pm at Maui Brewing Company in Kihei!!

💯 Open to EVERYONE!

Glad to have a special guest on island🏝 Henry Washington who is one of the new co-hosts of the @biggerpockets podcasts and a buy and hold investor from Arkansas that built a sizable portfolio of 65+ doors that continues to help others with an abundance mindset🙌🏼

If you're new, simply come to meet and greet other real estate investors and professionals from Maui to help each other pursue our real estate goals! Kick back, have a drink and talk story.

Message me with any questions or suggestions for topics or what you'd like to learn about, and PLEASE share this with any other investors you know AND CLICK "ATTEND EVENT" so we know how many to expect and have a seat for you!

Whoop whoop you met your goal and got an awesome multi family!! So proud of you!! @Micah Cabagbag

YAY it's official! I remember you talking about them a few months ago. Congrats @Christian Cramer

Yay we can all finally meet again... virtually COVID style lol

@Mike Neubauer I use Lorraine Evans & she’s a CPA that specializes in RE. She’s also an investor, I’ll inbox you her number.

@Micah Cabagbag Mahalo! Key word you said was "mostly"... There are ones that will accept financing or the lender will fund if they are in "livable" condition, a term that I've come to find is open to interpretation by each bank/lender you just need to find out exactly what they require by asking. Down payments are dependent on which loan product you're using and what you qualify for. Do lots of reading on here & network at the next meetup :)

Aloha @Yong Park! @Greg Gaudet has been holding the meetups here recently, we haven't held one this month but be on the lookout or feel free to reach out when you're here and maybe we can arrange something.

Investment Info:

Single-family residence fix & flip investment in Kihei.

Purchase price: $307,000
Cash invested: $74,000
Sale price: $470,000

Bought a foreclosure 2bd/1.5bth (750 sq ft) condo and spent about $30k on a full renovation. After getting quotes from GC's, I decided to run it myself and had great subs who completed the project in 30 days. We got a cash offer on the 1st day listed and closed in a little over 2 weeks (before the first payment to the lender was due)! Since this was my first flip, I wanted to be apart of most of the steps and was there A LOT more than I thought but next one will be easier to let go a little ;)

What made you interested in investing in this type of deal?

The need for more capital to invest in rental properties.

How did you find this deal and how did you negotiate it?

Foreclosure Auction

How did you finance this deal?

Conventional lender

How did you add value to the deal?

Fully gutting everything and doing a complete renovation.

What was the outcome?

Cash buyer at full asking price and another cash buyer as a back up. Market is hot out here!

Lessons learned? Challenges?

If you're going to manage the renovation, have the subs by the materials. I made a countless trips to Home Depot and Lowe's because I didn't have enough materials or bought the wrong ones. Some were broken/malfunctioned straight from the box. Do a walk through while the subs are there.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My realtor Kapono Stupplebeen, who's also my Uncle but still good agent!