Investing in real estate can be like playing Monopoly: buy a property; generate rental income property; buy more properties; hedge against inflation; and see the cash flow. Real estate is a great investment for a variety of reasons, and historically Hawaii real estate has been an excellent portfolio choice.
What are the reasons anyone should invest in Hawaii real estate? Chief among the reasons is appreciation. While the Hawaii real estate market does have its ups and downs, historically it has always had steady appreciation, and the downs are not as drastic as in the U.S. Mainland. Since 1972, the long-term average annual appreciation has hovered around 6% for a single-family home and 5.4% for a condo.
In recent years, average sales prices for Hawaii homes have continued to increase. Oahu median sales prices have increased year-over-year around 70% of the time since 1985.
If you find yourselves sitting on a substantial amount of equity because of the large appreciation California homes have experienced over the past several years, consider tapping into it to invest in Hawaii real estate. Hawaii real estate is typically a safe and rewarding investment. Now, with Sun Pacific Mortgage, you can be an investor in Hawaii real estate without the hassle of being an “absentee landlord”.
Interested? Call 707-523-2099 or find us at www.sunpacificmortgage.com.