OfflineI live in Hawaii and been looking for Investors in the area who I can get feedback, ideas, relate with, and just be able to surround each other by to get the feel of teamwork wether its doing deals together or just sharing stories with each other. Its scary to know that I'm going on it on my own and it don't help that the Real Estate Agents out here tend to give you the whole "That's crazy, that won't work" response. Right now, at this moment I been looking for a house to live in before I get done with my tour in Iraq so I can have a place to live in that I can consider an investment for the future, instead of doing what everyone else does and just rent a place for a year and lose all that money that goes nowhere, the minute we return back to the island. It's not my goal to lose money through renting but to recieve gains from buying my own and renting out. That's the way I think of it. But I haven't had any success for even finding a place for myself.
I have a 4month deadline to find a place, which do you think its best to fnd a deal and be able to lock up the property and be able to move in to on the 4th month? Should I go for a Short-Sale, Foreclosure, Normal Sale Property, etc. Which do you think is best? My intensions is to have a property to live in on my 4th month when I get done with my tour in Iraq and return back to the island right at the same time frame.
Congratulations on reading Dean's book and taking action with real estate and also serving our country. I am sure all of the DG Members have a sense of pride for the job you are doing to protect our country.
The market in Hawaii has also felt the economic crunch. Especially in Oahu, this is probably the best place to find an REO, short sale, etc. The great thing there are more than 1 million people on Oahu and a lot of opportunity. You may be able to find a place that even is completely furnished. I would start with a good real estate agent and see if they can find you a short sale or REO. I have heard even many people with second homes are selling so you may be able to find a great deal. I also heard if you are afull time Hawaii resident the proeprty taxes are deeply discounted due to exemptions that you should file. Check into all incentive areas such as the $8k tax credit and possible VA funding. I am sure you will find a great deal. Good luck with REI! Believe and Achieve! Mahalo
- Joe
JM, It looks like you should be done with your tour soon, of which I am grateful to you and our troops stationed in Iraq. I am just getting started with DG and real estate investing on O‘ahu. So I am interested in connecting with you and other REIs in Hawai‘i too. If you still want to explore the teamwork aspect, let me know. It's October Success Fest! Aloha, Randz
I am a new memeber of DG rei program I would like to get together to talk more about rei and being part of your team in investing. I do know some realestae agents who are freinds of mines that we can trust to help us.Please let me know if I can be of any help.
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