The incredible power of buying real estate in Hawaii

This week a client of mine bought a condo in Waikiki, at a ripe old age of 24. Yes, 24 years old.

By the time he is my age, he will probably be a millionaire. I'm not saying that his condo in Waikiki will certainly be worth a million dollars, although it might. I'm saying that starting to invest in real estate at 24 is a sign that this young kid is way ahead of his peers. He is thinking beyond his age and I bet he will be a millionaire soon.

Buying real estate does something to you. It changes you, moves you, motivates you, forces you to become an investment minded person. My client is already thinking about his long term goals, his future, and his retirement, at age 24!

I bought my first condo when I was 26, and then another at 27, and another at 28. By the time was I was 30 I owned 5 properties, then married my wife who also owned 1. Buying these properties made us more money than any of our stock investments or our retirement accounts, by a long shot.

We invested only a little bit of money in each one, about $60k each. Each of those $60k investments made us hundreds of thousands of dollars. Have you ever invested in a stock that tripled and quadrupled your money in a few years? Probably not.

If you buy a Oahu real estate, you're not just buying a property, you're investing in your future. You're betting that more and more people will want to live in Hawaii over the next 30 years, and that these people will drive the price of property up. You're making a choice to be in the game, the game of investing in real estate. You can try to time the ups and downs of the market, but if you own real estate in Oahu for 30 years, guess what, it's going to appreciate.

Even you if you had bought Hawaii real estate just before the Japanese bubble burst, you would have at least doubled your money by now, only 10 years later.

Is it a good time to buy real estate in Oahu? If you're in it for the long haul, always!

Houses in Hawaii Kai that are selling for $2million right now (like the one I have listed) used to sell for about a quarter of that just 15 years ago. You could have bought it back then with 10% down, and your $50k would be worth about $1.5million now. It's crazy to think about the power of investing in real estate in Hawaii.

Stop sitting around waiting, do it today. I know a 24yr old who has already beat you to it.