Lenders
Lenders
We seek long term relationships with our lenders. Each property we chose to acquire is carefully selected that will yield the best ROI. Our field of operation is the island of Hawai’i otherwise known as the Big Island. Hawai’i island is the eastern most island of the Hawaiian island chain. The Puna district of the island is our central focus where there are thousands of homes available on 1 and 2 acre lots. In particular, Hawaiian Paradise Park is the second largest subdivision in the United States of America. With many Baby Boomers and Generation Xer’s retired and now retiring, it is an ideal location upon which we focus when acquiring properties.Every property will be evaluated by a strict set of criteria. Is the property a Good Deal? Let’s be clear by what we mean by good deal. The following is a very generic example breakdown of a rehab property.
Purchase Price: $117,000 - $138,350 70%(ish) of ARV
REHAB: $20,000 very light rehab
Deal or No Deal
After Repair Value (ARV): $220,000 - $250,000 ConservativePurchase Price: $117,000 - $138,350 70%(ish) of ARV
REHAB: $20,000 very light rehab
- Interior Paint
- Exterior Paint
- New Flooring
- New Appliances
- New Counter tops
- New Back splash
- New Bathroom fixtures
- Cleaning in/out
Cost to Buy: $3,500
- Transfer Tax
- Deed Prep Fee
- Record Mortgage
Holding Cost: $3,000
- Utilities
- Insurance
- Maintenance
- Property Tax
Cost of Sell: $10,500
- Buyer/Agent commission
- Listing Price
- Transfer Tax
