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Is Hawaii Real Estate a Good Investment?

June 20, 2023

Hawaii Hard Money Lending

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.

Looking to Buy a House on Maui?

June 13, 2023

Maui Meadows Maui Scaled Maui Offers Tons Of Real Estate Variety For Those Looking To Buy A Piece Of Maui Real Estate. Upcountry Maui Real Estate Is Located At Elevations Between 1,000 And 4,000 Feet Above Sea Level Where The Air Is Cooler. North Shore Puts You Right In The Heart Of One Of The World’s Favorite Surfing Spots, And Kihei, Makena, And Wailea Offer Plenty Of Tourism Attractions Along With Lahaina, Ka’anapali And Wailuku.

Maui offers tons of real estate variety for those looking to buy a piece of Maui real estate. Upcountry Maui real estate is located at elevations between 1,000 and 4,000 feet above sea level where the air is cooler. North Shore puts you right in the heart of one of the world’s favorite surfing spots, and Kihei, Makena, and Wailea offer plenty of tourism attractions along with Lahaina, Ka’anapali and Wailuku.

There is no major city in Maui. This Valley Isle is known for its unique beauty, incredible beaches, charming small towns, and some of the best surfing destinations in the world. Its rich farming tradition provides an elevated culinary experience as well.

Maui is the second largest island in Hawaii and although some countries saw a drop in home prices at the start of the new year, Maui County was the only one in the state to exceed a $1million median for single-family homes.

The median sales price for Maui County single-family homes in January was $1.2 million, a 0.4% increase from the same month last year.

If you are considering a primary home, a second home or an investment property in Maui, give Sun Pacific Mortgage & Real Estate a call at 707-523-2099 to find out the many benefits of Private Money loans.

These fast and unique mortgages are based on the equity of the home being purchased, not on your credit scores. We offer mortgages to those borrowers who find it difficult to prove their income.  Additionally, we close our loans in 2 weeks on average with many done in less than 1 week. Find more information at www.Sunpacificmortgage.com and we look forward to being able to help.