All Forum Posts by: Rachel Hutton

I have the Chase Business Ink and I love it so far. It's not as great for travel points or perks as some, but cash back points are great and amass pretty quickly. I went down a rabbithole and spent like 3 full days comparing cards and this one was the best one for what I needed. If you need a higher credit limit-like if you're getting ready to drop 30k furnishing an STR or something- there may be other cards that are more advantageous, for my operating expenses this one is perfect. Hope that helps, go get it sister!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $275,000
Cash invested: $80,000
Sale price: $275,000

Got a lead on a lot with two small ramblers on it. Both need some work but are habitable and rented full time.

What made you interested in investing in this type of deal?

Purchased houses about 80k under market value and they have both an ARV and future CAP rate well above that so it makes sense.

How did you find this deal and how did you negotiate it?

A friend and fellow agent knew the home owner and I talked about it with them and we came to a fair price for the condition.

How did you finance this deal?

Conventional financing.

How did you add value to the deal?

So far we have done some mold remediation and small plumbing fixes. At turnover I will be doing cosmetic renovations on both and will replace septic in the next 3 years or so.

What was the outcome?

We are currently profitable with the future forecast only having us being more so.

Lessons learned? Challenges?

The only challenges have been trying to get repairs done with tenants in place.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with Fairway Independent Mortgage for this one and they were amazing. I represented myself as the buyer and my good friend, Samara Dinnius represented the seller.

Everyone above me is right on track! Hustle, hustle, hustle!! As a busy real estate agent, I would love to have a young person shadow me on showings or run numbers with me and I don't know many folks that wouldn't welcome the company-especially in exchange for some social media help lol. 

I think you really have the world at your fingertips right now and should take the opportunity to find mentors in all facets-and save as much money as you can to position yourself to start as soon as you're able.

Your drive is so refreshing-don't lose it!! 

Investment Info:

Single-family residence buy & hold investment in Kapolei.

Purchase price: $600,000
Cash invested: $20,000
Sale price: $1,100,000

My husband and I held on to our rental home in Hawaii until we felt it was the perfect time to sell.

What made you interested in investing in this type of deal?

My husband and I are both active duty Navy so when stationed in Hawaii, we saw the opportunity to purchase a home that we could turn into a rental when we transferred, and sold when we thought the time was right.

How did you finance this deal?

VA financing since we used it as our residence while stationed there.

How did you add value to the deal?

I updated flooring, appliances, backsplash, and added solar panels.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Calen Kim-Walker is our Hawaii real estate agent and she is amazing.