All Forum Posts by: Kahanu Noa

What a huge wealth of helpful information everyone!!  

@Elizabeth Colegrove Mahalo!  If you don't mind me asking, what is your strategy in Hawaii? PM me if that works better for you.  Are you primarily focused on Oahu or neighbor islands as well? 

@Elizabeth Colegrove 

Great insight and thanks for sharing.  I see what you are saying regarding purely cash flow areas- never thought about that before.  I would like to invest back home and I'll really consider comparing the "total" cost.  I am looking long term and checked out your site...it seems to be down at the moment.  

When you are investing in rentals, what do you typically look for in a property?  Is it move in ready or is it a distressed property?

Thanks for the welcome guys!

@Jon Klaus  that gives me hope that it'll work out.  Was your focus at that time to pay down the mortgage to build equity quicker to reinvest or you knew once you had the opportunity you were going to sell?

Aloha @Jeremy Griego that makes perfect sense: will use those guidelines. How did you start out investing in other states?  Would you mind sharing how you got your first deal with some details on financing?

Jon Klaus thanks for your question. I have been in my home for about 8 months now and do plan to rent it out after staying in it for 2 years so that I will not need to pay capital gains tax if I decide to sell. I am thinking that if I ever do sell my primary, it will be 10 years+ down the road. In the mean time, I plan to learn by actively investing. I know a few people who flip houses and build new homes here in Hawaii but I have yet to meet a buy and hold investor in state. Thanks for giving me perspective! Have you utilized this approach before or is there another way I can get started which you can recommend?

Hi all, I have been learning a ton by listening to BP podcasts and reading up on the forums!

I am a buy and hold investor looking to invest into small multi family units out of state.  I eventually would like to invest in my local market but haven't come across anything passing the 1% rule and within my current financial means.  I am in search of markets, perhaps in the mid west where I notice some investors meet their criteria for the 2% rule.  Being a buy and hold investor, my main goal is cash flow overtime: minimum $300+ per door.  I still need to learn how to analyze a property...looking forward to utilizing the BP calc and learning from those engaged on BP.

Also, I am in the process of getting a heloc from my primary to fund my initial investment.  I have a few questions for seasoned investors:

1).  On top of getting a heloc, should I be trying to get pre-approved for financing given the fact that I plan to invest remotely?  If yes, what type of lender should I be looking for: national, local (hawaii), lender in target market?  

I notice that some people pay cash upfront and cash out refi...is that more advantageous than financing from the start with a 20-30% down payment?

2) what is the best way(s) (or major things to consider) to analyze an out of state Rental market?

After looking at properties, my main concern is vetting a property manager, tenants and others on the ground level.  My goal is to invest in my first rental property by summer 2015 and add 1-3 properties every year with higher cash flow producing properties as I continue to learn.  

Any info is much appreciated.

thanks!

Being a newbie investor from Hawaii, I agree with Mike H. Market Rents are high for the area I live in and range about $400-$600 than PITI.

Aloha everyone,

My name is Kahanu and have been fortunate to be born and raised in Hawaii.  I recently stumbled upon BiggerPockets as I searched for ways to invest in an investment property.  Being a recent first-time home buyer, I plan to acquire a second property which produces positive cash flow by the end next year and look forward to learning from other people's RE experiences.  I am in the process of following the steps from the Ultimate Beginner's Guide.

Mahalo nui (Big Thanks)