***INVESTORS IN THE HONOLULU, WAIKIKI, OHAU MARKETS***

I am interested in purchasing an investment property in the Waikiki area. I would like to inquire about available financing options.

Under a possible scenario, my mother will co-invest. Along with this option, I am considering registering a real estate-based LLC entity. My mother will be the source of steady employment and outstanding credit score and her information can be verified upon request. I, on the other hand, am rebounding from a pandemic-based work furlough and am currently self-employed. These factors disqualify me from any traditional loan programs.

What are some available options for this scenario? 

@Aaron Cooper If you purchase an investment property together with your mom, you can have her co-sign the loan with you. For conventional financing (best rates) you would need to buy it in your personal names and not in an LLC.

If you did commercial financing you could buy it alone based in the cashflow of the investment. This would be a higher interest rate. Also, knowing Waikiki, you would need a large down payment in order for it to cashflow and meet the lender DSCR requirements.

Either way good luck!!

Thanks, Daniel, I am going to inbox you a few questions.