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Tagged : condo buying tips

Found 3 blog entries tagged as "condo buying tips".

Weekly Corona Virus Market Watch

Aloha and welcome to another edition of the Maui Market Watch. Click to See GoogleSheets Report. If you are new to the blog, my name is Eric West a real estate broker with HawaiiRealEstate.ORG I am  all about teaching you everything you need to know about Hawaii and it's real estate. Please be sure to check out my YouTube channel with hundreds of helpful videos about Hawaii and Real Estate.

In this report, I will show you every week all of the 1) New Price Reductions 2) New Homes listed in order of Best Value on Price Per Square Foot 3) New Vacation Rentable Fee Simple Condos 4) New Fee Simple Long Term Condos 5) New Land Listings and finally 6) Everything that has closed on Maui in the last week....all homes, condos

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Hawaii Fix and Flip - An Endless Market

Many of my best clients are investors looking to buy homes or condos for both fix and flip and/or long term hold. Either way, the process and formula for doing them successfully has not changed much over the years. Buy low, keep your improvement costs under a tight budget and make sure your sold comparables support at least a 30% return on investment....with less than a 6 month hold time! If anything, the advent of non-judicial foreclosures in Hawaii has created a huge backlog of pre-foreclosures, (whereby you get a chance to negotiate with the seller who is still in charge of the property) So the market is ripe with many months, if not years of back logged inventory just sitting there ready to be found, bought,

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Tips To Maximize Your Return on You New Hawaii Condo 5 Things You MUST Know Before Buying A Condo In Maui. If your realtor hasn't mentioned these important issues, you need to dig a little deeper. (Scroll Down for Video)

PS - I also have a YouTube channel with many informative videos about Hawaii, Maui and Real Estate. Check it Out Here https://www.youtube.com/user/hawaiirealestateorg

1) Ocean View - Must have (or at least partial ocean view)

2) Only Buy Fee Simple (the only exception is a leasehold in a majority fee simple complex)

3) Evaluate the Financials - Expect a 2-5% Return - Cash on Cash Invested (see notes below on how to compare different units apples to apples)

4) Purchase at Fair Market Value or Lower - look at all comparable

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