We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.
Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.
Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.
Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.
In This Episode We Cover:
Why real estate the go-to investment for the wealthiest people in the world
Completing a live in flip and the tax benefits associated with it
When it makes sense to attend a real estate course (even expensive ones)
How Indar stopped his first flip from falling through due to lack of funding
Financing your deals with hard money and private money loans
Long-distance real estate investing from Hawaii
Cost segregation studies and other tax write-offs from real estate
Indar’s “Ninja Tips” for real estate investors
And SO much more!
Links from the Show
Check out the full show notes here: https://biggerpockets.com/show490