How to find home forecast 2020

Question

Currently stationed for army in oahu hawaii have a year left before I get out and want to invest in a house is it possible to make 50k in profit within next year when I sell? In trying to buy it and hope to make money on it so I cant invest in homes stateside, cost is around 350k-450k

Blake Kneedler · Answer

Oahu REI Forecast

Isi Nau · Answer

I apologize, I should have added more detail. There are definitely forecasts out there. I wouldn't be surprised if there are some here on BP. The problem with many of them is they focus on "Honolulu", which is too broad. Honolulu is a big, little city. It has a population over a million, qualifying it for most lists and reports, but the problem is these reports include the whole island of Oahu as Honolulu (which it technically is). It does not decipher between Waialae or Waipahu. There is no way those two neighborhoods will see the same price adjustments in equal proportions at the same time.

As far as reliable forecasts, I am not aware of any other than those produced by local economists. Even with those forecasts, you'll need to focus on neighborhoods, and property types within those neighborhoods.  For example, townhomes in Mililani have been performing differently than single family homes in Mililani.

Title Guaranty branches provide monthly brochures with neighborhood stats that are pretty good, but the reports are month-old snap shots.  You'll have to do more in-depth research, but the reports are a very good start.

Tyler Winchell · Answer

Very intrested

Michael Borger · Answer

50k on a flip in the next 12 months? Of course, it's possible. I'm buying a fixer in Wahiawa next week that I'll make more than that on. You just have to have your education in order and market like crazy. You can make more than that just wholesaling which is even better - no contractors, just in and out.

Isi Nau · Answer

Hi @Tyler Winchell

There aren't any specific reports that I know of that forecast housing prices in Hawaii.  The best sources are local economists and think tanks.  They'll have projections for the economy overall as well as by sectors.  The most recent reports are projecting 1-2% appreciation into 2021.  for us and our clients, we're going into our investments with an assumption of 0% appreciation for the next few year.

Yes it is possible to make $50k on a flip in the next 12 months.  There's a lot of variables in order to make it happen.  Let me know if you're interested and we can discuss in more detail.  Aloha!

How to find home forecast 2020

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