Equity Matters: Financial Strategies for Real Estate Investors (Part 3)

Upcoming Seminar on June 18, 2022

In response to your overwhelming requests, PRMG is proud to announce our upcoming educational seminar, Financial Strategies for Real Estate Investors – open to the Community – on Saturday June 18th. This is our first public, live- in person seminar since the Covid shutdowns! Sponsored by Fidelity National Title & Escrow of Hawaii Inc. & RE/MAX Honolulu, we will explore hot investment topics as well as provide for a question-and-answer forum!

Judy Meredith
“The Mortgage Professor”
Hawaii Area Manager
Direct: (808) 222-7903
NMLS ID: 716323

Today’s lesson is part 3 of my 3-part series.

In part 1, we covered the Five Tenets of real estate investment: know the market, understand the risk, invest in tax defense, build a team, and plan your exit strategy. We also examined the differences between long-term and short-term investments.

In part 2, we identified characteristics of successful Investors to include being flexible and embracing change. We delved into specialized asset-based mortgage lending programs built specifically for Investors.

2022 is shaping up to be a very good year for the sophisticated investor who understands the trends accelerated by Covid-19 and knows how to take advantage of them. Unsettled and volatile markets always present some of the best opportunities—but also present some of the highest risks to those unaccustomed to taking new trends into account. Those interested in this market will need to take note of these trends and how they evolve in the coming year.

So, the paramount question is:

What are the current trends for real estate investment and how can we tailor them for Hawaii specifically?

1. Short term Rentals – short-term rentals are all the rage, especially in Hawaii. The Mayor signed Bill 41 into law in April, renaming short-term rentals as lasting less than 90 days; with exception to resort zones like Waikiki, Ko’Olina and Turtle Bay. You will want to be mindful when doing your due diligence, by vetting out the property and the zoning to make sure you are not violating short-term rental regulations.

2. Refinance your current portfolio to get your cash ready – As interest rates continue to rise, they are projected to put a damper on sales volume. This means that real estate prices shall stabilize and make a great environment for real estate investors. But, to stay aggressive, you will need to have your cash ready for negotiations. Perform a cash out refinance or pursue a home equity line of credit to prepare yourself and have plenty of cash on hand for when the opportunity is presented.

3. Create your next investment by converting your current home – Steadied home prices make this a perfect climate for upgrading to a new home and converting your departing residence into a rental.

This can create substantial passive income, as well as build your portfolio through acquisition and conversion. You can build & remodel to maximize your current space and portfolio. This can be done by adding an ADU to your lot or adding permitted sq footage to your existing dwelling.

Come join me Saturday, June 18th at 10am and let’s discuss these strategies and more together!

Please register online at https://oahu494.prmgapp.com/

Or email our registrar directly at GSlabiak@prmg.net to reserve your seat today – it’s free!

The key to navigating the changing mortgage climate is to be sure to align yourself with a knowledgeable mortgage expert that can lead you to financial success. At PRMG, our motto for 2022 is No Homeowner Left Behind, because we pride ourselves in offering traditional as well as creative financing options for those who may find themselves “outside the box”.

We have a dedicated team of Mortgage Experts to help you and we offer free consultations!

Visit https://oahu494.prmgapp.com/HonoluluTeam.html today to book your appt with one of our Specialists!

Questions for Judy Meredith? “The Mortgage Professor”

Email me:

I welcome the opportunity to help You find solutions!

jmeredith@prmg.net

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