All Forum Posts by: Arla C. Meyer

You might try Hilo Bay Realty

I'm pretty sure they have a Pahoa office, and I've heard decent reviews

A new service I think called Green Sands property management would be worth checking, too. In Hilo.

Hi,

Can't post numbers here. Google Roy Dollwet, Hilo Bay Realty. 

Hope to see you on zoom.

Arla

I remember the old tool allowed you to put in assumed annual property value increase. I don't see where this is possible anymore, but some increase in value is "baked in" already. This looks to be maybe 7%? Which is way too hopeful, and shouldn't be counted on.

Any ideas what is assumed, and how to make our own assumptions?

Aloha, Dillan,

You should join the Big Island Real Estate Investors Group. We meet by ZOOM at the moment, at 6:00 Hawaii time the first Wednesday of each month.

There are flippers, long-term holders, hard money lenders, realtors, etc. in the group.  Contact Roy Dolwett to get on his email invitation list:

Also contact me when you get to Hilo!  Arla

Good morning, I'm interested in learning about this property. Address?

You can email me at [email protected]

Fix and flip should work if you can find the right deal. If you find the right deal you can get hard money to complete. Do homework, find out what to expect. Give it a year to complete for your first property.

I can't seem to find any properties that cash flow on Oahu for buy and hold rentals. Maybe I'm not looking in the right place.

Good luck.

I have been running my rental properties as an individual -- no S-Corp, LLC, etc.

To qualify for the 20% deduction must I have one of these entities in place?

Thank you,

Arla C Meyer

Hi, Shiv,

Like everywhere there are unique things to think about in Hawaii. I bought and renovated one duplex in Hilo, on the East side of the Big Island. It needed about 5 months' worth of work, but now it's cash-flowing. It took me a few years to find that property. Loads of termites, and single-wall construction.

So, there are properties to be found. On this island Hilo town is likely where you want to be...

South of here (Puna district) is just too full of colorful characters, not to mention lava potential.

Kona side of the Big Island is hard to cash-flow with long-term rentals because real estate is higher there.

One idea is to buy an existing airbnb property, and you can use it when you come on vacation.

The County of Hawaii has passed a law that disallows new short term rentals, but I'm pretty sure you can acquire one that's already up and running (as long as they've been paying their GE taxes).

Good luck,

Arla

Miry, I'm interested.  Is it a 4 plex? 

Arla Meyer [email protected] 

Hi, Glen,

I have a VR on the windward side, in Hilo. We've slowed down, but now I'm starting to see more activity. The cruise ships didn't come at all for some weeks. Then, one, then two a week, so now we have 3 a week sometimes. It's coming around.

You know that Hawaii County is planning on passing an ordinance regulating VR properties. The latest is you'll have to register, and maybe pay $500-$2000 a year to keep it registered. If you sell the property the registration doesn't go with. This is only for properties not in a resort area, maybe yours doesn't apply. Good to check into, though.