All Forum Posts by: Teresa Nelle

Aloha Ladies, I love the idea of us sharing stories...I have been assisting investors on Maui, HI for the past 25 years while raising 2 kids as a single mom. Time for me to get in the game too!  One of my inspirations is a Mother/Daughter team that have serious medical issues but love flipping houses. They've taught me alot and we've become very good friends too. Where do you get your inspiration?

Aloha Jennifer,

I'm here - out in Hawaii!

Investment Info:

Other buy & hold investment in Lahaina.

Purchase price: $206,000

My personal home which is a condominium located 1 block to world famous Napili Bay which will eventually be a vacation rental and I will move to a larger home.

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

It was affordable and eventually I can make money short term vacation renting it.

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

I am a Maui Real Estate Agent so I watch for deals. I negotiated personally with the Seller.

How did you finance this deal?

I organized an Owner Financing Contract that was attractive to both of us.

How did you add value to the deal?

The Seller is acting like the bank, making the interest. Also, I made it a short term contract.

What was the outcome?

We are both happy, the condo has already increased by 25% in 2 years!

Lessons learned? Challenges?

Owner financing is a great way to go.

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

Yes, absolutely! Fidelity National Title, Lahaina, HI

Mahalo for organizing this meeting! I will be there.

Investment Info:

Other buy & hold investment in Lahaina.

Purchase price: $206,000

My personal home located 1 block to Napili Bay which will eventually be a vacation rental and I will move to a larger home.

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

It's a stepping stone to owning a larger piece of paradise.

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

I am a Real Estate Agent.

How did you finance this deal?

Owner financing

How did you add value to the deal?

I remodeled it.

What was the outcome?

So far, the value has increased by $60,000 in 2 years

Lessons learned? Challenges?

Pay attention to your Contractors