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Updated about 12 years ago on . Most recent reply

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6
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3
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Vincent N
  • Honolulu, HI
3
Votes |
6
Posts

Aloha from Hawaii

Vincent N
  • Honolulu, HI
Posted

Long time lurker. First time poster. As with many on this site, the information I've gleaned from this site has been priceless. Thanks to everyone who has contributed over the years.

My dad is a long time realtor and property manager in California, so I guess you could say it's in my blood. I have a great job that pays very well, but real estate is the path I plan on securing my financial freedom.

I'm a somewhat new real estate investor that moved to Hawaii four years ago. Since 2010, I've bought three condos in Waikiki, a townhouse in Hawaii Kai, and have a prebuild in Kakaako. I rehabbed three of the properties, and I'm personally managing the condos as cash flowing long term rentals. When the current tenants move out, I plan on converting them to vacation rentals with the help of a virtual assistant.

I have good credit and financials, and I'm always looking for a good investment. My bread and butter are cash flowing properties, but I'm amenable to augmenting it with an occasional flip. If you're in the area, and looking to network or find a good deal, hit me up.

Most Popular Reply

User Stats

6
Posts
3
Votes
Vincent N
  • Honolulu, HI
3
Votes |
6
Posts
Vincent N
  • Honolulu, HI
Replied

@Jenkins Ramon, thanks for being the first to welcome me.

@Michael Mazzella @ Michael Borger, I think you two may have the right idea. The last few years with lower prices, it was actually possible to find cash flowing properties in Hawaii. Now, with the market pretty hot, it's a lot tougher to find those deals & flipping might be the way to go.

I have pretty solid income from my job, so luckily, I don't need to live off my real estate investments. Any real estate gains have been reinvested, & I'm further augmenting it with my income from work. My plan is to build a solid foundation of cash flowing properties as a safety net supplemented by an occasional 1031 flip to supercharge my equity (I'd rather not take the big tax bite from traditional short term flipping). Longer term, I'd like to take all my equity & 1031 it into an apartment complex (s) or some other cash flowing properties & take an early retirement. :)

Of course, all that may change as circumstances change, but if you're gonna dream, you might as well dream big! :)

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