It's a great market to get involved in -- I do a fair amount of flips on Oahu and have been toying with some properties on neighbor islands.

If you are in this for the long haul, form your company (we use a LLC), create an Operating Agreement, get you financial statement together and start hitting local mom and pop banks for mortgage loans or commercial lines (they'll work with you to structure what is best).

Hello to all BP members. From what I can gather, this is a fantastic resource for nearly every alley of REI. I thank all of you in advance and will hopefully become a seasoned investor, able to pay it forward x100. Th...

Create a budget for yourself and STICK to it, it will help you become a better investor in the long haul.

I just came across a similar property only it was in response to a letter I sent out in January 2014 (see those letter campaigns can work over the long haul!)

Don't forget to figure in the cost of demolishing the old house, in accordance with codes and hauling it off toan approved area.

BTW, I could go for a lower interest rate with the money down, that too can effect my return and it's an easy point to make, $X down and I can go to Y%.So, yes, I use the market value as the primary price point, I discount the that price on repairs and/or use a discount to arrive at the financing terms.This works well in my market, especially with landlords moving to retirement.

Since we may not live in NE for the long haul I don't think it makes sense to buy the very best, but instead get a nice investment going.

I use a local company to remove asbestos siding and it is roughly $1/sq ft which includes everything from he state license to haul away and disposal.

Didn't do anything except add lock box, clean yard and haul junk.