All Forum Posts by: Peter Jetson

As I embark on this RE journey, I see on the forum that most people take it for granted that financing is the way to go. What if you have enough cash to purchase a property, are only getting deferred tax benefits from losses, and are well over 50 (meaning cannot wait 30 years to get cashflow)? Clearly you can always multiply your purchase power with leverage, but is there a case for buying cash? For one, it puts you in a favorable negotiating position which could translate into a better deal. Any other views?

Agree @Jordan Duvall and @DeWitt Gibson sounds like a case of grassroots meetup restart. I'm in CA but intend to come out anyway and would make my trip coincide with a meeting if possible.

Count me in although I'm not local, but in first half of May, I could possibly come out for a scouting trip and participate. P.

@Account Closed These numbers are closer to making sense even with 14.75% tax plus property tax and relatively high HOAs at the Hawaiian Monarch (per sqft). I get conflicting info about occupancy rate. I suppose it varies greatly by price and value for money but the more expensive properties I have looked at (Ilikai) seem to get approx. 70%-75% occupancy (for city view, not ocean view). Re self managed AirBnB, I think it would be a challenge remotely. What is your experience? What do you call a co-host?

@Mark Waite Are all condos authorized for STVR in Maui by default?

@Mark Waite many thanks, I assumed that was the case, the hotel lobby is also likely quite powerful in Waikiki and will probably ensure STVR do not overly flourish. Where do I start (online) to look into Maui?

@Account Closed ahaha I laughed at your "fake news". Not fake but probably beginners bad luck. I looked at the Ilikai for instance, ocean view units are listed around $700k. Probably looking in the wrong place. Other buildings 1BD units are still 400k$ to 600k$. What would a Hawaiian Monarch unit generate in top line revenue per annum according to you?

@Misa Kataoka many thanks for your perspective. I agree self manage and all cash will work but still need local help for cleaning and maintenance, and I don't want burn precious cash and forego tax benefits. You are also very right that HOAs are on the way up, and that plumbing, for instance is often old and rusty, which means special assessments are potentially around the corner... nothing is easy but mucho adverse trade winds in Oahu I detect :)

We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are having much better luck in Maui. Is it because you purchased several years back? Would you do it in today's market? In Waikiki? In Maui? Am I missing something?