Updated about 8 years ago on . Most recent reply
Finally an introduction
Hello everybody! I'm Mark Baldwin, and have actually been a long time user of the Bigger Pockets message boards, but have never actually made an introduction or post myself. I've finally realized I can't go it alone, and none of my old excuses seem to make sense anymore. I guess I'd presently be considered a part time investor. I was/am involved in the development of a roughly 5 acre parcel on Kauai. We have to date built our own primary home, and 3 additional rentals, with the possiblity of building 3 more. It has been a long and arduous path...but we somehow made it to the other side. However, while I've learned a lot, and definitely improved my finances on paper...It has done very little to my wallet. Kauai is an expensive place to build and develop, especially when doing it on a small scale as we have. I've tried to purchase a few flips, but the market is particulary challenging due to the extreme lack of inventory. Anything at a fixer price point garners a great deal of attention and interest. While I haven't given up, I am tired of waiting for things to work out where I live. I'd like to begin figuring how to monetize the equity I have in my property, without selling. I am considering some version of turnkey, but don't have a great deal of cash to leave in a property. I am happy to have finally made my first post...took me way too long, and am looking forward to what comes next!
Most Popular Reply
Welcome!
Im surprised you said you’re getting pathetic returns over there in Kauai. Kauai is my sweet spot and I get a minimum of 20% coc roi with my short term vacation rentals. I’m in escrow as we speak for another one.
Would be happy to discuss with you if you’re interested.