All Forum Posts by: Duc Ong

@Scott Ai Perhaps waiting until you save up more would make more sense to get a higher quality asset on Oahu. Otherwise, you could buy something on the mainland in one of many cashflow markets. Another option is to partner with another investor, if you want to stick to Oahu. 

Welcome to our second meetup for Multifamily Real Estate investors! Whether you are new to multifamily or you already have 1000s of units in your portfolio, there is value in connecting with like minded investors.

Park at Ward Village South Shore Marketplace (1170 Auahi St, Honolulu, HI 96814) or street parking on Waimanu St. and walk to Waihonua (1189 Waimanu St.). Press the button to have staff buzz you in at the lobby door. Let them know that you are going to an event at the Theatre, located on the 5th floor.

BYOB - bring drinks/snacks to share

Agenda:
6-6:15PM Check-In
6:15-6:45PM Multifamily Fundamentals presentation
6:45-7:30PM Small Group networking Round 1
7:30-8:15PM Small Group networking Round 2
8:15-9:00PM Open networking

@Jacob Trimble

I would hold on to the condo for at least 2 years total, and then rent it out for 2 to two and a half years before selling so that you can avoid capital gains tax. On your next home purchase, if you can find a house hack or an adu possibility, that might be able to offset the negative cash flow. Let me know if I can help!

@Gary Rotter I just had a meetup about multifamily in Kakaako last night. I'll post about the next one once I confirm details.

@Dominique Miller This is just my opinion, but one of the issues with investing first into cashflow markets is that once you buy that rental, you are out of cash to invest. At that point you would need to save more in order to continue investing. On the other hand, if you can buy something to live in with a VA loan that you can force appreciation into, then sell in at least 2 years, you could grow that initial $5K into much more, tax free. Once you build up capital, then deploy into the cashflow markets.

Yes, the meetup will be at whole foods kakaako on 10/8 5-8PM on the 2nd floor by Two Tides bar. Let me know if can make it!

Welcome to our first meet and greet for Multifamily Real Estate investors! Whether you are new to multifamily or you already have 1000s of units in your portfolio, there is value in connecting with like minded investors. We will run a speed dating format, with 10 minutes to chat. Bring your business cards and let's connect!

Please RSVP here:

http://meetu.ps/e/Hf26q/DNZGM/d

@Travis Henry I think they should sell, pay the taxes, and buy the one SFH cash for themselves. Then use the remaining amount to invest in passive syndication deals, since that would be much more passive than the management of even one other rental. If I were retiring and wanting completely passive income, I would rather have a diversified portfolio of syndication deals, compared to active-passive deals where I would need to manage the asset, IMHO.

I agree with others to split everything 50-50 between their children.

@Debbie Wilcox

Welcome to the forums! I live in Honolulu and invest here and the mainland. Let me know if you want to connect!