Looking to invest in Hawaii
Summary: I want to become a real estate investor in Hawaii. And I have a bunch of questions. Any advice is appreciated but specific answers preferred.
1. Should I sell my $400k home in Alaska or try to rent it out?
2. Should I buy a 4-plex in Hawaii?
3. Should I buy a SFH in HI?
4. Should I rent for 6 months first?
5. How restrictive are building permits and inspections in HI?
6. Can I get financing since I have not had a steady job for the last 10 months? ( sold share of contracting business and have been consulting, doing home inspections, and rehabbing a flip)
7. Will the recent changes to AirBNB legislation in HI affect home prices in the next few years?
8. Should I even buy property on Oahu if I intend to move to the big island in 3 years?
9. Are there deals in central oahu I could get for less than $500 k cash?
10. Should I use a realtor? If so, please recommend one who likes biggerpockets.
11. Should I apply to become an appraiser in HI to learn more about the market?
12. Should I sell my tools and furniture and buy replacements in HI, or ship everything over?
13. If a house is listed as a "tear-down", how hard is it to get a permit to rehab it?
14. What is the most economical solution to extensive termite damage? Epoxy injection?
I have been a contractor in Alaska for 20 years. I have done 6 live in flips and just completed my first investment flip. I just found biggerpockets and listened to about half the podcasts. I think I've finally found my calling: real estate investing.
I just accepted a position on Schofield Barracks which is approximately in the middle of Oahu with the nearest towns being Wahiawa and Mililani.