Updated over 7 years ago on . Most recent reply
Aloha, everyone from Maui, Hawaii
Aloha everyone,
I'm Mike from Maui, Hawaii. I'm looking to diversify my investments into real estate. Most likely buy and hold rentals. Not sure if I will focus on short term (vacation rentals) here in Maui or long term rentals on the mainland or abroad. I like the idea of multi family units but I'm still learning. I've been reading a lot and learning plenty about different locations but currently I only own 1 rental here in Maui.
I've been working with realtors on the side for quite a few years. By trade I'm a landscape photographer which takes me all over the place, but on occasion I help out local realtors by providing photo/video services for their listings. Over time I've gotten to know the market here in Maui pretty well, along with a good core four of realtors, contractors, lenders and property managers.
The problem I have with this location is how expensive it is to buy in. Our average home prices are around $700k and our average vacation rental 1bd/1ba condo is around $500k. While they produce well, they're a lot of work and maybe that investment is better suited to a 4-plex or something else in another location.
I'm really hoping to learn from everyone here and meet some new connections!
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Thursday, the 25th, is the sixth meetup of the Maui Real Estate Investing club, 6:30pm @ Gannon’s in Wailea.