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All Forum Posts by: Manly Souza

Manly Souza has started 1 posts and replied 92 times.

Post: Hawaii Investor

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Malosi Toilolo

Hey what's up.  What part of the island are you currently flipping?

Post: New Investor from Hawaii

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Brian Tafaro

Condos.  The maintanence fee can often be a hindrance in attempting to get cashflow but it's just a part of making the numbers work.  If the numbers don't work I walk away from the deal.  In the beginning I used to buy emotionally and it took a couple of deals to figure out how to not buy emotionally.

Post: New Investor from Hawaii

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@David Veikune

I've cashflowed with 0 down on a property plus value add and a refi in Makaha.  And I am currently cashflowing on another property which I put 20% down.  I just bought another in Aiea.  I also put 20% down on this one in Aiea because I knew the demand was going to be fierce for this property and I wanted to lock up the seller in a contract ASAP.

@Duc Ong

Let's have lunch one day.  I'd like to see a BiggerPockets Hawaii chapter, where we can all sit down and have coffee/tea/beer/whiskey in that order, haha.

Post: new-ish member from Hawaii

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Kellen Canfield

Smart move.  Out of state is way cheaper than here.  I struggle to find cashflow properties here, and when I do I move quick on them because it'll be a bidding war if I don't lock the property up in a contract.

Post: New Member from Texas,Washington moving to Oahu.

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@John Bethancourt

I think all of Hawaii bigger pocket members should get together sometime soon.  We're growing.

Post: New Member from Texas,Washington moving to Oahu.

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@John Bethancourt

Welcome.  I was looking at a 2BR foreclose in lower Mililani.  I ended up in Aiea, but Mililani is still on the market.  After my refi is done on a separate property I'll be looking for another purchase.  Schofield moved a bunch of military personnel off the island so central Oahu's rents have shifted dramatically in the past year.  

Post: Cash flow on Oahu?! In escrow on my first property!

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Sarah Lam

Yea buddy.  The Hawaiian time thing can be super annoying, but it can also be pleasant.  I just closed on a property in Aiea and I have contractors bidding for a big job in the condo.  I want to start the job ASAP but they want to start in December.  It's super grrrrrrrr, but it's also whatever.  It's important to have a reserve for emergencies or for things that are out of our control.  @Duc Ong and I have been communicating through email recently and I think he is about to start his real estate investing journey as well. 

Post: Aloha

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Justin Kane

Yea man.  Hit me up when you get here.  We'll have lunch.

Post: Hawaii Tenant Placement Property Management

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Nate Rohlf

I recommend googling property managers on that side of the island.  Not being there will force you to get a property manager.  If you get a good one it is a great experience.

Post: Aloha

Manly SouzaPosted
  • Oahu, Hawaii. Investor & Realtor.
  • Posts 95
  • Votes 11

@Account Closed

Hawaii is an intimidating market for sure.  People be like, "$300,000 for a condo? ZOMG."  LMK how the Texas market is relative to here when you go, as I'll be looking to invest in the mainland when I grow a pair and become ready to buy properties sight unseen.

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