All Forum Posts by: Duc Ong

@Nathan Florence I would say buy a single family that needs work, ideally with multiple entrances, or the ability to add more units. Add value, furnish it, and go the mid term rental route (30-90 days). 

I'm actually doing this with a new construction in Kaimuki-Kahala. Let me know if you want to connect!

@Eric Stewart Welcome! I'm also in Honolulu. Buying with your VA loan is one of the best ways I've seen investors build wealth here. PM me if you want to connect!

@Elin Trinh Leasehold numbers tend not to work out well for investment purposes. I would generally steer clear of them if your goal is to build wealth, since you miss out on the biggest benefits of RE investing, which is equity build up. 

As for REA, we have a monthly meetup. PM me if you want more info. 

@Breland Almadova I agree with others about considering selling, if the cash flow is not good. There are better options out there for cash flow, such as syndications that are completely passive. 

However, if they are adamant about holding it, an alternative is to furnish it and go the mid term rental route (30+ days) to traveling professionals. Furnished Finder is a good resource to check out to research demand in the area.

@Anthony Thomas Winfrey I would sell that MI property so that you can avoid having to manage from far away. Also, she should be able to save on capital gains since that was her primary residence.

Then, I would use the proceeds to buy a multigenerational house in Hawaii, to move your mother in. There are actually opportunities now in the Oahu market in this space, since rates are still high. You could use your VA, which would provide the best rates/terms.

I would stay away from new construction until you have a solid crew and process in place. This is the riskiest of your options. 

Welcome to BP and the investment community!

If anyone else is on Oahu next Saturday January 21st, 2023 at 3:00PM, we're having our monthly Honolulu Multifamily and More meetup at Lokahi Brewing (Mezzanine). 

💥Join us for an exciting Honolulu Multifamily and More Meetup!

Meetup on Saturday, January 21st, 2023 from 3:00 PM HST- 6:00 PM HST

Sign up here: shorturl.at/gz038

📋 Agenda:

🔵 Open networking

🔵 Small Group Networking (1)

🔵 Small Group Networking (2)

🔵 Open Networking

After registering, you will receive a confirmation email with your ticket information. We are looking forward to hosting you!

Additional Information:

Lokahi Menu: https://tinyurl.com/3nfww37b

Parking: 14 stalls in the back of the brewery, and a few more on Piikoi St. There is a parking garage next door at 1150 S. King. Validation is $4 for 3 hours.

@Kyle Cooper Congrats! Awesome you made a profit on that one!

@Kuuipolani Sherlock If you are free tomorrow at 3PM, come to our Honolulu Multifamily and More meetup at Lokahi Brewing. DM me for more info.