It's all about needs. I feel that if you can afford to and want to be in an area with lush tropical settings, beautiful beaches and be able to personalize your vacation home then Ko Olina would be the place. If you travel to different area, and would like to use the timeshare exchange experience than a timeshare unit would be for you. Its all about what best suits the need of the individual client.

IF you decide to buy a timeshare, first be sure to buy on the secondary/resale market. That's where you will find your best deal. Second, consider Marriott's Ko Olina Beach Club: awesome amenities, good brand name, nuff said!

Timeshare will most will mostly be available for your use as a condo you have to kick out your tenant each time you want to use it and find a new tenant when you don't the answer is obvious. In a long run you will get your money back or even half by not renting and a lot less maintenance fee and less paperwork. if you want to use it more than couple of months per year get the condo. couple weeks a year go with the timeshare and get them from a resale office for a lot less.

Aloha:

I am Mike Gallagher Broker in Charge at RE/MAX Honolulu.

If you are going to buy any investment right now, look into Con-Hotels and make sure you can check their Occuanpany rates over the past few years. If the Hotel is full most of the time, chances are you can make money on your investment.

Stay away from Ko'Olina.

Purchase something on a high floor with a view only.

If you need targeted advice on this then email me at Mikeg@hawaii.rr.com

Much Aloha,
Mike G.

If purchase a townhouse at Ko Olina now for $550,000, 20% down at 6% APR, the mortgage payment will be $2638.

If you wait 2 years for a great deal, with a price of $500,000 and an APR of 7%, your payment will be$2661.

The rate is really important, so find your best property, make your best offer and if it is turned down, walk away. No harm.

Aloha:

I am Broker In Charge at RE/MAX Honolulu.

I do not recommend any investments with my clients in Ko'Olina as the prices are falling through the floor for now.


If you want accurate Sales Data for Oahu and associated Neighborhoods, please visit my website at http://www.hawaiirealestatestatistics.com

You can email me directly at mikeg@hawaii.rr.com

Much Aloha,
Mike Gallagher
Broker in Charge
RE/MAX Honolulu

Aloha Luke,

I don't know if you have been watching Ko Olina, but there are some real bargains here now. You may want to revisit this idea.

As a Real Estate Professional who understands financing I would have to go with buy a Condo for occasional use. The reason being this is a tourist area. You can always use your property for your personal use and hire a good property manager to keep it full and making money for you while you are not using it yourself. A timeshare, though convenient, does not offer you the long term investment opportunity that buying a condo offers. It is a great time to be a buyer with an Agent not afraid to make any offers.