All Forum Posts by: Duc Ong

@Carolyn Clark I can help connect you to some HML's on island, if you are looking to do another deal here. As for lawyers, I can help you with that also. I'll send a PM. I don't think you need one of those guru programs, since most of the information is free. The hard part is finding the deal and execution on the rehab.

Bring your business cards if you have them, we'll be doing a book give-away!

@Jessie Saribay Jr I think @Royce Talbo is right. It's better to refinance the loan into a better deal now while rates are good. Then, they can loan you the capital needed to do a deal from the liquidity they gained. You can pay them a slightly higher rate than what they're paying to the bank, and that could help fund their retirement, while you get access to capital at much lower rates than hard money would be. The other thing to consider is what DTI is needed to get that liquidity out. That would depend on their and your income.

@Jessie Saribay Jr I agree with Lane. It does take cash to invest. However, if you have the network and time, it doesn't have to be your own, per se. Some of the down sides to flipping is that it's very competitive and the tax treatment is less than ideal. An alternative to this is the live-in flip, which would allow you to build equity and exit after 2 years without paying capital gains tax. Wholesaling is also really hard, because you would need to find an even better deal than a flipper, in order to sell it to the flipper. Buy and hold here is not good on a cashflow basis, unless it's legal short term rentals, or multiple unit properties. These require even more cash than a typical deal.

@Andre' Indigo Let me know when you move to Hawaii and let's connect!

@Ryan Braman Maybe run a few units as short term rentals if the laws allow it? Or, sell it and move the equity into a better performing asset. The return on equity does not seem like it's optimized.

@Carlos Ptriawan I think it depends on your goals and how much you have to invest. Oahu has a high barrier to entry compared to most markets, and the predominant strategy here is appreciation, both market and forced. If you're looking for cashflow, legal short term rental in Waikiki might be the way to go.

@Loren Clive I couldn't agree more! Not all advice is equal in value in my opinion. It's similar to how realtors are selling real estate when they don't even own real estate. 

@Kenny Dahill I'd be down to go on the podcast! We're in the planning phase of our own podcast about cashflow. Send me an email or text and let's connect. 

@Laren Eustace Yes, please see:

https://www.biggerpockets.com/forums/521/topics/774837-honolulu-multifamily-and-more-meetup