All Forum Posts by: Mark Waite

Unlock the potential of this classic 1930's cottage located just two blocks from the beach and downtown Laguna Beach. Located in the heart of Laguna Village, the vaulted ceilings, a cozy fireplace, and vintage details create a warm, nostalgic feel. 

Zoned LBP (Local Business Professional), this property is ideal for a boutique office, creative studio, or income-generating short-term rental (permit required). With walkability to beaches, galleries, shops, and restaurants, this is a rare chance to invest in one of Laguna’s most desirable neighborhoods.

Plans are approved and building permits are in hand to expand this home to 2 bedrooms, 2.5 bathrooms, and approximately 1239 sq ft of charm and character.  Link above will provide a view into the renovated product. 

ARV from recent lender appraisal is $3.2m. Seller is asking $2.3m, as-is, for the package - plans, permits, property.

Manuel, can you provide more information on what your lending partner can offer? You can email me directly at mark at beachologyinc dot com.

Sure. What's the best way to contact you?

12 month term, although we'll likely pay off when the project is sold or refinanced. I've seen rates between 12-15%. Our hard money loan in first position is 11.95%.

Looking for a private lender to fund gap of $100k on a Laguna Beach renovation. Permit is in hand and we're ready to go. Estimated six month renovation which will create signficant ARV equity (we have an appraisal in hand).

Check out this amazing, oceanfront hotel-zoned studio escape on Maui's Kaanapali resort district. Located on the 9th floor, this unit provides amazing views - endless ocean, spectacular sunsets, and during the right season, front-row seats to whale watching from your private lanai.

This studio is bright, clean and smartly designed. With 395 square feet, it includes a full bath, central A/C, and all the essentials you need whether your're relaxing after a beach day or enjoying a peaceful morning coffee.

This is an active short term rental. Being hotel-zoned, Maui Kai is not affected by the legislation currently under consideration by Maui County Council (the bill would impact apartment-zoned condos). Asking price is $750,000, but seller is motivated.

@Todd Rector Todd, I'm a realtor on Maui and have worked with a number of STR investors, as well as own a pretty successful one myself. Since the Lahaina fires, there has definitely been a market shift towards a buyers market driven by increased inventory, a reduction in buying activity and politics. The word I would use is approach with caution and keep a long-term perspective/expectation, as anyone should when buying an STR.

I do believe there are opportunities here, but patience and prepardeness is key. If you want to chat further, let me know.

Familiar with the saying "the sum is greater than the parts"? In this case, the sum being two homes, a pool cabana, a detached two-car garage and an in-ground pool. Try to take the parts and you'll find that you cannot beat the sum from a price perspective. Yes, some work is needed but you'll still be ahead with the sum. And, everything is fully permitted!

Set upon a 1.22-acre parcel, this rare find's structures are strategically positioned to offer unparalleled privacy for all. The main residence, a 3-bed, 2-bath home spanning 1569 square feet, featuring an attached two-car garage for added convenience. Adjacent is the charming "ohana," a second 3-bedroom, 2-bathroom dwelling with 1212 square feet of living space. Adding to the allure is the versatile "recreation building" which, in the past, has been used as a rental, complete with 1 bed, 1 bath, an office/2nd bed, and a loft area, offering an additional 750 square feet of living space. Completing the ensemble is a detached 2-car garage, offering ample storage and parking options.

The property is surrounded by upcountry conveniences, including the Haleakala Waldorf School, Kula School, Kula Community Complex, Kula Post Office, Kula Bistro, and Morihara Store.

Live in one house, rent the second one and the rec building out. Or rent all three out. There are a myriad of opportunities. Presently, the sellers have only the two homes rented out on month to month leases. 

Take a Video tour of the property

Taking my realtor hat off for this discussion and putting on my investor hat. If you are looking to purchase an STR in Hawaii, take a close look at the data. The tourism authority has had some good information in the past about how many visitors come to each island and, of those visitors, how many book STRs. To me, that is extremely critical. Hotel saturation has to be considered.
If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying. But, regardless of the location, Hawaii always has been and always will be a popular, year-round tourist destination. If you get help and look in the right locations, you can make the numbers work and still enjoy the property with your family.

Makani, there has been some good info shared by other Hawaii realtors. If you cull anything from the feedback, it is that each county (there are four in Hawaii) regulate STRs differently.

I'm on Maui where if you are looking at STRs, you're going to be looking at condos. You cannot even apply for an STR permit on a single family home until after you've owned it for five years (and there is no guarantee you will get the permit). The good thing about condos is that no permits are required; you only need to ensure that county zoning and HOA allow for it. BTW, you can do an LTR on any property - house or condo - without applying for a permit.

In the right location, you should expect to see at least a 2x return on an STR as opposed to an LTR. Again, depends upon location.