All Forum Posts by: Duc Ong

Honolulu Multifamily and More 🏨 will be hosting another monthly

Meetup on Tuesday 3/3/20 at Radford Terrace Community Center 

(811 Murray Dr, Honolulu, HI 96818), from 6-9 PM. 

Please join us!

🍹BYOB - bring drinks/snacks to share

Please park on the street or lots nearby.

- Open Networking (6:00-6:30)
- Group photo (6:30-6:40)
- Around the room Give/Ask (6:40-7:30)
- Educational Series (7:30-8:00)
- El Paso Update (8:00-8:30)
- FREE BOOK GIVEAWAY (8:30-8:40)
-Open networking (8:40-9:00)

@Allan Kuaana I've done BRRRR's out of state and with larger multifamily as well. Let me know if you want to connect!

Cash out if possible

@Brett Rosenbauer That seems very viable in any primary market. Do you find it to be management intensive to execute?

@John Mayer One thing to consider when deciding to buy vs getting a new loan is the return on equity, which is your net return divided by equity. It measures the opportunity cost of keeping the property vs. selling it and investing in more cashflow. Send me a PM if you want to chat more about the Oahu market and real estate strategy in general.

Yes, it is rented.

@Mike Cavaggioni Awesome story and welcome to BP! Congrats on taking the plunge and embarking on this REI journey. We host a monthly meetup about Multifamily. DM me if you'd like to learn more.

Does anyone know a lender that can do 80% LTV on non-owner occupied properties in Orange County, CA? I'm looking to refinance a SFH rental and consolidate a 1st and 2nd into one loan.

Thanks!

@Kelley Prymych If you're looking to invest in short term rentals on Oahu, there are certain areas that are legal, which are resort-zoned. PM me if you're interested in learning more about these. They would typically require a higher down payment, but the numbers can still work depending on what your budget is. 

@Sherwin Gonzales yes, we have a Facebook group called Honolulu Multifamily and More. I sent you an email with a link.