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03-15-2009, 11:53 PM #1
Renter
- Join Date
- Mar 2009
- Posts
- 1
Investing in real estate on the mainland from Hawaii
Aloha, thanks for taking the time to read my post. I'm a 27 year old male Marine, stationed on Kaneohe Bay, Hawaii. I've recently started reading up on information becoming a real estate investor after attending a seminar put on my James Smith. I'm really excited about the whole thing, but I'm a little confused about which direction I should take. They discussed a lot of different things at the seminar, the one that caught my attention was mobile home investing. There are no mobile homes in Hawaii, and to be honest it really doesn't seem like the best place to start investing. Most homes that I've seen listed are around 500K, and that's a little intimidating to say the least!
So my question is, where should I turn to get more info on out of state investing? Like, when it comes to inspecting the property to make my offer, writing up the option contract, financing, having the place inspected for damages, how to shop around to get good quotes on rehab work, having the property appraised, having rehab work done, advertising to cell the property... it's just overwhelming to me to do all of that stuff all the way over here.
I'm looking to start out flipping, wholesale flipping if I can, to put some cash in my pocket and pay off some debt. My credit is fair, myFICO has me at a 659.
I've heard good things about Arizona, so I've been looking there. Any info to point me in the direction would be GREATLY appreciated. Thanks, and God bless. Semper Fi.
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03-16-2009, 10:30 PM #2
Condominium
- Join Date
- Dec 2008
- Posts
- 172
It generally happens when you attend a seminar like that one! Mobile homes in Hawaii are indeed best place to invest as you certainly get a good value for your money.
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