Vacation Rental in Maui, HI
Investment Info:
Other buy & hold investment in Lahaina.
Purchase price: $206,000
My personal home located 1 block to Napili Bay which will eventually be a vacation rental and I will move to a larger home.
What made you interested in investing in this type of deal?
It's a stepping stone to owning a larger piece of paradise.
How did you find this deal and how did you negotiate it?
I am a Real Estate Agent.
How did you finance this deal?
Owner financing
How did you add value to the deal?
I remodeled it.
What was the outcome?
So far, the value has increased by $60,000 in 2 years
Lessons learned? Challenges?
Pay attention to your Contractors