All Forum Posts by: Andrew Rosenberg

@Cameron Chambers I'd suggest that its more regional and state-level than closer to main city. I'll give you my local example: Condo fees in across Hawaii are very high due to a variety of factors. There are regional, geographic and political forces. For instance trash haul is relatively very expensive in Hawaii. Being on a chain of islands that most good are imported in means that construction/maintenance costs are relatively very high. Government underfunding sewage in the past and now raising rates to fix under-maintained system is another example.

Also I would make sure you're comparing apples to apples as amenities like pools, gyms, security and such significantly vary between buildings and markets.

Hope this helps. Happy Thanksgiving!

@Forrest Faulconer Best investment advice ever is don't get divorced. Seriously. Happy wife happy life. Just make sure your goals a couple are aligned and you can balance a modest lifestyle while taking care of your family. Wishing you a nice Thanksgiving.

@Christina Brown Feel free to DM me if you want to know persecutive for a local, born and raised here. Also probably able to be more candid in DM. I love my home State, but it had it's challenges for investors. I'm not a realtor, just happy to share info. I personally know a great Big Island Realtor that I can refer, Kauai I'd have to ask around but I have contacts.

@Nicholas Price Feel free to PM. Much of what I would warn you about, not discourage, has already been said. Aside from purchase price, very high HOA maintenance fees scare off a lot of investors. Should you proceed I will happily refer to a good realtor and/or property manager if that helps. Be really careful as there are buildings in the ala moana and waikiki areas that look "cheap" for a reason, such as serious construction defects. Suggest you read up on the Marco Polo and fire sprinkler issue - yeah, it's a thing.

@Devin Monroe No apologies required, wishing you good luck. Smarter/more seasoned investors hopefully will jump on and give you better feedback. I'm really surprised that a 1% rule scenario doesn't play out better.

@Devin Monroe ok got it. Sorry wanted to help. Sometimes hard reading a post and understanding how the poster made their calculations.

@Devin Monroe get your mortgage down to $600/month and COC jumps to 10%. ran online calculator at 4% with the lowest credit score on a 30 year term on $125k (purchase + closing - less down payment) - montly came in at about $600. How did you calculate $735/month?

bear with me, one more question: how did you calculate mortgage payment.  I'm sleepy, but i couldn't get an online mortgage calculator to come back with as high a number as you have.  Sorry, probably missing something.  Mortgage eats up half your rent, so shop a dozen lenders and get your rate down regardless.

@Devin Monroe How did you come up with $200/month maintenance? Not arguing, just curious.

@Blake Thompson small world in Nothern Idaho. Feel free to PM me if you want a sounding board. Im OOS but I've owned since 2008 in CDA.