Life takes some crazy turns sometimes. I just spent a week in Queens Hospital for a burst appendix. Yes -- ouch. What I originally thought was just a persistent stomach bug turned out to be a rather unpleasant week up there on the 9th floor of Queen Emma Tower. However, things could definitely have been worse and I think I even learned a thing or two -- and not about my innards. Excellence. The … [Read more...]
Hawaii Real Estate News
Hawaii real estate news and information from Big Rock Investments
What is a BPO in a Short Sale?
If you're like many homeowners in Hawaii the past few years, you may have explored the idea of selling your house as a short sale. For the sake of discussion, a short sale is where your lender allows you sell your house for less than what you owe them (the bank takes a 'short' position on your debt). It allows you to get out from under a difficult mortgage and start fresh, while the bank avoids … [Read more...]
What Makes Hawaii Real Estate Different
Whenever I speak with some of my real estate investor colleagues beyond Hawaii, the conversation inevitably comes back to what it's like to work in the Hawaii real estate scene. Of course, they get jealous of our consistently beautiful weather, high housing market value and in-demand inventory, not to mention the freedom to wear t-shirts and shorts to open houses in January. And who can blame … [Read more...]
Bidding Above Asking Price When Buying a House
If you've been keeping up with the Hawaii real estate market these past couple months, you've noticed that inventory is super low. There just aren't that many available homes on the market. That means, all things being equal, that home sellers are in a position of relative power. It's no secret that it's a seller's market right now. So if you're looking to buy a house in Hawaii, you need to … [Read more...]
Love and Real Estate
Valentine's Day is upon us yet again, when everything around us turns red and pink, couples go out for nice dinners, singles lament (or celebrate) their singledom and greeting card companies and chocolatiers rake in the cash (guilty). It's a time to appreciation the love in our lives and hopefully you've plenty to love these days. In fact, love and real estate go hand in hand. Putting aside our … [Read more...]
Tips for Finding Real Estate Deals in 2013
It's no secret that investing in real estate can be a fantastic way to build your wealth portfolio, and we have some tips for finding real estate deals here. However, there's been this giant dark, grey cloud hanging over the national housing market since the mid 2000s that understandably has made everyone extremely cautious. With banks 'too big to fail' and neighbors being foreclosed on left and … [Read more...]
Preparing Your Home for Sale – 5 Key Tips
Thinking of selling your house? Inventory is shrinking in Hawaii and you may do well from the sale, depending on your circumstances and needs. Whether you're listing your house with a licensed agent or attempting to sell your house yourself, there are some things you must do to make the sale as efficient and effective for you as possible. Preparing your home for sale requires both plan and … [Read more...]
FortuneBuilders Coming to Oahu and Maui
This real estate blog attracts quite a few different types of readers. There are those who are looking to sell their house fast and easy, those looking to buy a house in Hawaii at discount, and those looking for smarter ways to invest their capital, like private lending. But there are also those who want to learn how to flip houses. After all, with an unpredictable economic future and fewer … [Read more...]
3 Reasons Real Estate Investors Should Be Flipping Condos
In yesterday's post, I stated three main obstacles that real estate investors have to overcome when flipping condos. After all, most people who get into the business of real estate investing intend to learn how to flip houses. But flipping condos can bring its own rewards -- if done with the right mindset and game plan. And as Hawaii has more than its share of condos, this is a great thing! 3 … [Read more...]
3 Obstacles to Flipping Condos Instead of Single Family Homes
When most new real estate investors get into this business, the main types of properties they focus on are single family houses. After all, the popular show is called "Flip This House", not "Flip This Condo" (by the way, if you want to learn how to flip houses from my friends actually on the TV show, just click this link). Everyone pictures the typical 4-bedroom 2-bath house going through a major … [Read more...]
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