Aloha from the new guy in Hawaii!

6 Replies

Aloha everyone! Or as I am more accustomed to saying, Howdy! I am a Virginian that has recently move to Hawaii (Oahu). More specifically, I have moved to Aiea. This is a wondeful place and I know Ill enjoy my time here! I’ve listened/read/watched Bigger Pockets content for a while now; there’s so much to known and learn in order to really become confident in taking those first actions toward Real Estate investing! However, with my property in Virginia generating positive cash flow, and the mortgage being paid by tenants, I’ve become keenly aware of the incentive to soak it all in! I am now confident in analyzing properties, dIfferent investment strategies, understanding financing options, and begining with the end goal in mind. Over the next 2 months, I will analyze my local market (Pearl Ridge to Aiea), identify my “investment team,” determine an appropriate tax shelter vehicle, recruit interested joint venture partners, and position myself financially so that I can make my first “real” investment purchase in the last quarter of 2018. I’ve learned much from various portion of Bigger Pockets and will pay it forward with input to my peers and in the forums based on my experiences as an entry investor in the expensive Hawaii market. I wish everyone the best, hope to meet those who are in Hawaii as well as those likeminded folks that are here for vacation 😁
@Benjamin Serven thanks! I have Texas in the back of my mind as a possible alternative investment location. I would prefer to invest in my local area, but the barriers to entry seem to be about 10x as expensive out here! Where there’s a deal, there’s a way... so I’ll save Texas (and Virginia) for if there are no deals in Hawaii.

@Robert Jones As far as cash flow on Oahu goes, either short term rentals or multi-unit are the way to go.  Typically long term rentals don't cashflow well, unless you are willing to go into certain pockets, like Makaha.  The main obstacle for most people is having the capital to take down the good deals.

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