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favorite this post $1050000 / 6br - 2600ft2 - Rent-to-Own Multi-Family Setup in Kaneohe! (Hale Kou, Kaneohe) hide this posting unhide

Huawaina Place

(google map)

6BR / 3Ba 2600ft2 available jan 23

apartment
w/d in unit
carport

Aloha - are you looking to get a foot in the door of the ever-rising Hawaii real estate market but don't yet qualify for a loan? Do you have cash but poor credit?

I don't know if this will be the right option for you, but I have a two-story home in the Hale Kou neighborhood of Kaneohe where each floor is setup as a 3-bed 1.5-bath with kitchen and living room (not officially, but that's how it's set up). >>> You could live in one floor, rent out the other or rent them both. Each one, fixed up, will rent for about 3k/month.

It's a moderate fixer upper, so perfect for someone handy, a contractor, or if you have some extra $ for the work. Roof, some staircase work, flooring, other cosmetics.

Current value is about $1,075,000 given that the home is 2600 sqft total on a lot over 9400 sqft -- it's a VERY big property.

The market in Hawaii is setting new records every month and you risk being priced out, so the nice thing about a rent-to-own (or "lease purchase") is that you lock in your purchase price NOW in the contract, so that in 6 months or so when you actually purchase, you're purchasing at today's lower price -- not the higher, future value.

So while you're fixing it up, you're also working on building your credit so that you can get a loan and exercise the purchase in the future -- approximately 6 months or so (negotiable). I have mortgage broker friends who can work with you on that.

FYI this is not a no-cash-down option, so in order to be considered, write back with your contact info and:

1. How much you have to put down
2. How much you can pay per month

Thanks for your interest.

Michael
  • do NOT contact me with unsolicited services or offers

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