Hawaii Condo Investing in 2023 - The Cost Of A Waikiki Condo In 2023 | Things You Must Know
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- čas přidán 29. 07. 2024
- If you're thinking of Buying a Condo in Hawaii and wondering how it's possible to turn it into a profitable investment with the high prices, high-interest rates, and hefty HOA fees? Look no further! In this video, I'll explore the cost of a Waikiki condo in 2023 and provide you with valuable insights that will help you make informed decisions.
Moreover, I'll share some valuable strategies that I personally use for my investment properties, as well as those I recommend to my clients, and reveal some crucial things you must know before taking the plunge into this exciting real estate market and unveil the cost of a Waikiki condo in 2023.
Whether you're a seasoned investor or just starting your journey, this video is a must-watch for anyone interested in Hawaii condo investing. So, Make sure to watch the video till the end, and Don't miss out on this opportunity to gain valuable knowledge and make informed decisions for your future.
-Cheers🥂
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👋CHAPTERS
00:00-01:23- Introduction
01:24-02:13 Don't Look For A Leasehold Property
02:14-03:18 Cashflow & Appreciation
03:19-04:05 Close to Hospital
04:06-04:36 Parking Spot
04:37-05:22 HOA
05:23-06:55 Renovations
06:56-10:21 The Cost Of A Waikiki Condo In 2023
10:21-11:05 CONCLUSION
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I have spent most of my life in Oahu and With years of experience in Oahu Hawaii Real Estate, I have closely monitored the Hawaii Real Estate Market trends and economic indicators that impact the Hawaii Housing Industry. I'll share my insights on the current state of the Hawaii Housing Market, as well as my recommendations for buyers looking to make a smart investment in Hawaii real estate.
Cheers!!🥂
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Topics Covered In This Video:
hawaii condo investing in 2023
hawaii condo for sale
waikiki condos for sale
the cost of a waikiki condo in 2023
investing in hawaii real estate
real estate condo investing
condos as investment property
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Hawaii Condo Investing in 2023 - The Cost Of A Waikiki Condo In 2023 | Things You Must Know
#hawaii #condos #waikiki #waikikibeach #condolife #oahu #hawaiilife #travel #pcs #pscing #luxurylifestyle #hawaiirealestate #prosandcons
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Patrick Longley is turning the real estate industry upside down by integrating his 10+ years of experience in Online Marketing and technology to ensure you have a smooth systematic approach to purchasing or selling your home. His passion for consulting and education allows him to help first-time homebuyers as well as seasoned investors in making educated decisions. Patrick has earned a 5-star review from every client he has ever worked with and his hard work earned him to be one of the top 20 agents in his office for sales volume in 2022.
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Hi Chewy 🐾
So let me get this straight…. You put $80,000 downpayment and then your monthly cost is $3100. The potential rental income is $2400 (if you get lucky most long term units renting for $1400/month in town) so Only gonna cost you $700 per month to let someone else live in your property (that’s after you already put $80,000 down payment). Then 700x12 = $8400/yr x5 years = $42,0000 loss after 5 years. Makes perfect sense. Thank you very helpful. But I guess if the value goes up by $50,000 and you sell it without paying any fees and BS you would potentially make $8000! Not bad after 5 years. So basically $80k investment returned $8k total after 5 years that’s a whopping 2% per year return. At that rate only gonna take 125 years to become a millionaire. That’s is if you don’t factor in the 4% inflation right now. Only super rich people that don’t care about return can throw money at Hawai’i. Send price to crazy numbers because super rich don’t care what it cost just want to own Hawai’i. Impossible for small local investors.
I am a licensed Lawyer in Hawaii, but living on the French Riviera now. Don't forget about the fees to buy and sell. Make it cheaper for yourself and easier too. Just pass the Realtor's exam and you too can save yourself the commissions for buying and selling.
thanks for the great content, im hoping to buy in the next 12 motnhs…i know who to contact :)
How do we filter for units that allow for mid-term rentals?
No easy way to do it other then check
Are there only certain parts of Oahu that you can rent condos out?
You can rent condos out pretty much anywhere...only a few new developments you must be an owner occupant for the first year (HOOPILI for example) other than that you can rent it out just depends on how long the lease is allowed to be (30 days, 60 days, 90 days, 180 days+)
Where this mid-term rentals advertise?
fursnihedfinder.com as well as airbnb
No discussion of a housing market crash coming by Q4 and lasting through 2025.
No one has a crystal ball and we can all make our assumptions...we have seen a slwo down but market is already up from the bottom in feburary matching similar prices to the peak of last year. When and why do you think tehre will be a crash in q4 of 2024?