Buy and holds in Hawaii??????

[Roderick Baker Jr]

Anyone buying and holding in Hawaii?

[Isi Nau]

Hi @Roderick Baker Jr  We have 13 doors on Oahu.  Long term rentals.  We acquired most of them from 2004 to 2008.  Over the years we've sold a few and traded up.  We picked up four more last year.

Our current game plan is to sit and wait, but that's only due to our personal finances and comfort level with the amount of growth we can and want to handle.  There are still deals to be found in Hawaii.

The hard part is recognizing them as deals and knowing how to use them in your long term plan.  Most on BP will use cash flow as the primary, and often times sole, measuring stick of a property.  If it doesn't cash flow a couple hundred dollars then it isn't a good property.  Or they'll over complicate it with metrics, rules, percentages, etc.  It's not brain surgery.  It's real estate.  One of the simplest investments out there.  Our first Hawaii property only cash flowed $50.   :)

Buy and hold is a long term play that is not for the impatient or those wanting to retire within three years of starting.  But if done right, retirement will certainly come, being debt free can happen, and building a sizeable portfolio is possible.  Investing in Hawaii rentals is slow and unexciting for the first 8-10 years or so.  After that, things pick up very quickly and never look back.

Many will say long term rentals aren't possible in Hawaii.  They are.