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Updated over 5 years ago on . Most recent reply

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Jessica Lynn
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Newbie from Hawaii - how delusional am I?

Jessica Lynn
Posted

Aloha! I'm new to investing and am currently in the learning and preparing phase. I live in Hawaii where housing costs are very expensive, so I've been researching properties out of state (and even out of country). It's not ideal but it's necessary. 

I've been wanting to invest my money in real estate because it's less volatile and more tangible than the stock market. Currently my spouse and I are both working full time with a startup on the side. I'm a little concerned I won't be able to make any worthwhile returns in real estate unless I build up a portfolio large enough to be considered its own full time job. This concerns me because I don't want to leave my current career. Is it realistic to work full time and make a good return on real estate simultaneously?

I've been looking into single family rentals but am perhaps most interested in the commercial storage unit sector. But again...I'm intimidated by the idea of taking on a full time business in addition to my career. While I'm learning I'd like to save up some more so I can pay cash for my investments. I haven't found a lot of info about the cash strategy, but I abhor dealing with loans. 

I don't personally know any real estate investors so I'm grateful for such a large network of people like this and I look forward to being a part of it!

Most Popular Reply

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Melanie Johnston
  • Real Estate Agent
  • Scottsdale, AZ
366
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412
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Melanie Johnston
  • Real Estate Agent
  • Scottsdale, AZ
Replied

@Jessica Lynn Welcome to BP! I lived on Oahu while growing. As a real estate agent, I'm always looking to share info on living and investing in Arizona. So when I went to Honolulu this summer to attend a SDIRA conference and visit my childhood friend, I researched events on BP and found the REI Professionals Lunch - Downtown Honolulu. It's a great group of very welcoming investors, founded by @Travis Henry and @Kiley N.

I was honored to be a guest speaker at their August luncheon. They have a good mix of new and experienced investors who are investing in all kinds of real estate, especially across the mainland. And doing it very successfully. I bet you would find it a great place to network and learn. I just looked at here are the details for their next lunch meeting:

https://www.biggerpockets.com/forums/521/topics/779772-rei-professionals-lunch-downtown-honolulu

Hope you get to go and enjoy their company. Tell them that Melanie from Arizona sent you!

Melanie

  • Melanie Johnston
  • [email protected]
  • 480-241-0241
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