Investing in Hawaii (Oahu)

[Phil Cecere]

Good Evening!,

My wife and I are visiting Oahu this month and would like to know if there are areas on Oahu more favorable for real estate investing versus the higher priced areas of Honolulu and Waikiki? We are interested in multi-family dwellings (using the BRRR method)- anything up to a quad. Anyone with experience in this area? Any information is greatly appreciated. Thank you!

Phil

[Royce Talbo]

@Phil Cecere hawaii doesnt cashflow unless you have a large down payment or you hold for a while and refi, but it does appreciate nicely and rent growth is also good. you will have a very hard time to do the brrrr strategy here as most of the value is in the land at least 2/3 or more. you would have to find a really rundown place, but that will take $100k+ to make rent ready. after you refi to get your money out chances of you cashflowing is slim. only place numbers work would be in d areas. b areas dont have mfh unless it is cut up or has an adu, but those the sellers know what its worth and sell for high. if its a deal then there are tons of local buyers who will beat you to it and bid it up. best bet is to buy sfh and add an adu, but again that will cost $$$, so you wont cashflow. which comes back to holding for a period then refi.