Second thoughts and opinions.

[Brandonlee Kuhaulua]

Aloha Everyone, working on acquiring my first deal!

I apologize for such a lengthy post. Wife and I had recently changed our lives around by paying off all our debt of $90k, and fixing our credit scores. We still have a substantial amount of capital on the side to invest into real estate. I've been educating a lot lately on REI. Our initial plan was to purchase a multi-unit home on Maui to house hack. However, the market here is supper expensive. We have reached out to about six lenders with pre-approval numbers that we are happy about but understand that its not enough to buy a home and only enough to buy a condo which is not in our criteria.

My pivot here is to start investing in STR's and acquire a passive income to afford these multi-unit LTR's on Maui and in other states across the U.S.

You might be thinking "Why not just buy the condo on Maui and do STR from it?" I have analyzed countless properties here on the island and the math is just not mathing. Purchase price is very high, and HOA fees are out of this world.

Ive done my research on STR's and picked three locations where the numbers make sense and are affordable based on the capital we have. These three locations are; Kauai, HI | Florida (Destin, Kissimmee and Orlando) | Pittsburgh, Pennsylvania I have networked with experienced investors in the STR field and are being very helpful with providing a gameplan into STR. For right now I was directed to choose one location which would be Kauai, HI

I guess what Im asking for is opinions from others that also have experience in STR's (Airbnb) if I'm on the right track here. Thank you and looking forward to connecting with you.

[Nicholas L.]

@Brandonlee Kuhaulua

just to challenge your proposal a little - you want to buy an STR to generate 'passive income,' to buy LTRs with?!

STRs aren't passive.

and investing from thousands of miles away just because you've done some networking is spectacularly high risk.

am i missing something?