All Forum Posts by: Lucas Gomez

Quote from @Jonathan Greene:

Why are you hiring property management to manage one single-family home? You could easily manage that yourself with a handyperson on call. Most people make this mistake. What do you need a property management company for? You can manage remote from anywhere without paying the fees. If you have a lot of units, sure, that makes sense. If you manage yourself, what is your deficit?

Also, if you want to be removed from management of one property, definitely sell it. The rate is good, but Hawaii has continually hit appreciation booms for the last several years so it should still go up, but not as crazily as from the pandemic to now.

Jonathan, our only worry is managing from a far and for the first time. The inexperience definitely leads us to at least use a company for the first lease to see how it goes. We are definitely looking at the high appreciation rates hawaii has and the stable rise in real estate. 

Friends I am in need of some guidance. I currently own a home in Hawaii, unfortunately my family and I are moving and we want to make the correct choice. We have the means to rent our current hawaii home and purchase our next home in the mainland. The only problem is that we will be negative cashflow with our current hawaii home by about 1k every month. If we sell, we will make some profit but not much. With the Hawaii market, will it be smart to be negative for a few years and let appreciation catch up? Or will it be better to take the small profit and buy elsewhere?

we purchased the home at a 3% rate and have owned it for about 2 and a half years. The negative 1K per month includes the property management fee. Honestly we could afford to go negative monthly without a huge financial burden. This would be our first rental and we would be living out of state.

Friends I am in need of some guidance. I currently own a home in Hawaii, unfortunately my family and I are moving and we want to make the correct choice. We have the means to rent our current hawaii home and purchase our next home in the mainland. The only problem is that we will be negative cashflow with our current hawaii home by about 1k every month. If we sell,  we will make some profit but not much. With the Hawaii market, will it be smart to be negative for a few years and let appreciation catch up? Or will it be better to take the small profit and buy elsewhere? 

we purchased the home at a 3% rate and have owned it for about 2 and a half years. The negative 1K per month includes the property management fee. Honestly we could afford to go negative monthly without a huge financial burden.  This would be our first rental and we would be living out of state.

Bigger Pockets Family,

Lucas here, glad to be joining this group and hoping to begin my real estate journey.