Kauai Dreams Realty

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Tips Purchasing a Vacation Rental on Kauai

Here are 5 quick tips for purchasing a Kauai Vacation Rental:

1. Financing (if applicable)  –

Using an on island lender is best! They are familiar with the terms we use like condo-hotel and know 100% if they are able to seal the deal. A few lower priced projects require cash only like Kauai Beach Resort, The Islander on the Beach, and Kiahuna Plantation.

Lenders often require a minimum of 25% down payment for investment properties.

2. Hiring the right agent –

Working with the right buyers agent is essential in searching for a vacation rental condo. Use an agent like myself who is familiar with all sides of the island and can tell you the ins and outs of each condominium project or home.

3. Sharing your goals –

Sharing your goals with your buyers agent is important. This way we can determine which condo project would fit your needs best. If you are currently undecided on which area or project to go for we can help to narrow your focus.

4. Look at the rental statements –

This will get you a general idea of the income and expenses. Remember these items could change depending on the rental management company and depending on which months the statements are for the income will vary.

5. Taking the plunge –

Remember our market on Kauai appreciates quickly. Even if your investment is not making you a millionaire monthly (its probably not), it could make money years later when and if selling the property.

You cant go wrong in Hawaii especially on Kauai!

Pono Kai 4

One of my favorite projects in Kapaa, Pono Kai

pono Kai 2 pono kai 3

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