Rob Gerichs

I think it's a fantastic building. I love the architecture of it and the rose colored glass. It's definitely a unique building that was built for the high end. I believe initially there were some mold concerns with the building, but everyone I've asked has said that is was in a certain part of the building and that it was taken care of long ago. The building goes 36 stories high has a little over 260 units and offers 2 and 3 bedroom units. Right now the prices start at $537,000 and go up to $1,380,000. The building is situated by itself and offers great views and some nice floor plans. I've included a link for all the current active for sale units in the Imperial Plaza. If you need any help please feel free to call or email.

Rob Gerichs
RE/MAX Honolulu
(808) 284-4441
www.HawaiiRob.com
Rob@HawaiiRob.com - Wed May 21 2008, 17:28

Brandon, there are a bunch of choices for condos around UH. I've included a link for 34 properties that are under $400,000, are Fee Simple, and within a radius of 1.5 miles from UH. If you need me to adjust the amount any please feel free to let me know and I can give you some updated listings. This link expires in 30 days. Good luck, and if you need some help looking at these or finding out which ones are the best fit for you please give me a call and we can talk about it.

(808) 284-4441
www.HawaiiRob.com

Properties For Sale - Tue May 13 2008, 20:40

A lease option is a good way to sell a property if it's a fit for you. I've done them before and you need to have the right buyer and seller with similar expectations. If you have not done a lease option before I suggest you speak to a qualified professional in that area. It may cost some money, but it's better to pay a few bucks upfront rather than lose a whole bunch in the end. Traditional listings with real estate agents are not always the best fit for some situations. As with anything in real estate you need to make sure you do your homework though. Being prepared and learning about lease options is essential. I want to see you come out of it better than you went into it. Good luck and I hope you have success!! - Tue May 13 2008, 19:57

I've done some flipping in my time and I think there is still room for flippers in this market. However, there are a few stipulations that need to be met more than ever. First, the main rule, make your money when you buy. Don't expect to create much value by buying at market price and doing a few rennovations and expecting someone to want to pay over market price. Second, make sure it's in a location that people want to live. If you find that you end up trying to talk yourself into thinking it's a place people want to live than more often than not you'll beat yourself up later for doing that (one of the first lessons I learned). Also, if you don't plan on doing the dirty work yourself I think it might be tough to make margins. I was a contractor so I did my own work, but I really don't see how flippers who "hire it out" can make the margins anymore, unless you are working on an expensive higher end property. Lastly, I think your best bets are pre-foreclosures with equity. Find that home owner who is willing to sell their property now to stave off all the ills that come with foreclosure. However, BE CAREFUL, there is a lot of things that can go wrong during these types of sales. Please consult a lawyer if this is uncharted ground for you and move fast. Time is the biggest killer in these deals. I could go on, but I think you understand that now is the time to make sure you think everything through and have the cash, time, and patience to back it all up.

I have invested in real estate ever since I got out of college and it is by far one of the best ways for anyone to create wealth. However, if you don't know what you're doing it's the easiest way to lose your shirt. If in doubt at any time consult a professional. Best of luck! - Sat May 10 2008, 10:50