Longtime Fan & New Member from Kailua, HI

Longtime Fan & New Member from Kailua, HI

Kailua, HI · Member since 2018 · 6 posts · 7 votes

Aloha!  Finally set up a profile.  Been following Bigger Pockets articles and podcasts on Facebook for quite some time.  David Greene's book on Long-Distance Real Estate investing convinced me to become actively involved in the Bigger Pockets community. 

My wife, daughter, and I are lucky to call Kailua, HI home.  I grew up in the South working as a financial advisor after college and before joining the military. The Navy brought me to Hawaii in 2006 and I never left. I got my real estate license in 2014 before leaving Active Duty for the Reserves. We wanted to start a family and live a life on our terms without the separation of regular submarine deployments. Real estate investing has been the key in helping us make this transition.  Most of my real estate sales business is representing buyers/sellers in the purchase/sale of their primary residences.

My first buy and hold investment property, a Gulf Coast vacation rental, was purchased in 2011 without a real plan and was more just a way to diversify assets...so many unforeseen regular costs kept it from cash flowing for several years. My wife purchased a condo in 2005 before we met, eventually becoming an accidental landlord after moving to Hawaii...we still own and manage today. In 2016 I was able to do an off-market deal of a SFH in Hawaii, that I now have rented as 2 separate units with great cash flow. Recently exchanged my first property for a portfolio of single and multi-family homes in the Huntsville, AL area. This has been a great experience as I've learned so much about commercial deals/financing/nuances, 1031 exchanges, and holding rental properties in an LLC. We own rental property in Hawaii, Colorado, and Alabama, for a total of 25 units and looking to more than double this in the next 2 years. Looking to get into bigger deals and do some flips too.

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Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
8y

@Chip Lewis Welcome to the club! We look forward to hearing more from you! Hoping to get a monthly Kailua meetup going, I'll stay in touch!

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  • Rental Property Investor · Springfield, MO · Member since 2016 · 1k+ posts · 890 votes
    8y

    @Chip Lewis Welcome to the club! We look forward to hearing more from you! Hoping to get a monthly Kailua meetup going, I'll stay in touch!

  • Kailua, HI · Member since 2018 · 6 posts · 7 votes
    8y

    @David Pere Thanks!  A monthly meetup in Kailua would be great.

  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    8y

    Nice that you already have outstanding experience.  Welcome!

    We took a hop from CA (Travis AFB) to Hawaii when we were younger airmen, and I can see why you’d stay.  We ended up across the pond, in England for years.  Check out the military forums, if you haven’t already.

  • Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    8y
    Chip Lewis if you are ok coming out to aiea. We do an out of state investor breakfast on the weekend. Next one is in April.
  • Kailua, HI · Member since 2018 · 6 posts · 7 votes
    8y

    @Kerry Baird  Thanks!  I'm constantly learning, but still kinda feel like a newbie.

    Taken that hop a couple times...reliable flight to Hickam.  Haven't checked out the military forums yet.  Will definitely check them out.  A bit overwhelmed by all the resources available on BP.

  • Kailua, HI · Member since 2018 · 6 posts · 7 votes
    8y

    @Lane Kawaoka I make the trip over the Pali quite often.  Would definitely be interested in the breakfast.  Let me know when and hopefully I can make it out.

  • Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    8y

    @Chip Lewis we do it at zippys so there should be a lot of space

  • Rental Property Investor · Cleveland, OH · Member since 2015 · 1k+ posts · 880 votes
    8y

    Welcome to the site @Chip Lewis! Glad you're here! Good luck on your goals! 

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