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Real Estate Education

GET & TAT In Hawaii – The Easiest Way To File & Pay

GET & TAT in Hawaii – The Easiest Way To File & Pay – Regardless where you live, if you collect income from rental properties located in the State of Hawaii you need to file and pay: General Excise Tax (GET) on all rents, and Transient Accommodation Tax (TAT) on rents from rental terms less than 180 days per tenant. If you receive income from a Waikiki condo, or Oahu …Read More

New Rules And Filing Deadline To Dedicate Your Condotel For Residential Use

– Honolulu City Council recently adopted Ordinance 17-013 to include condominium units in the residential use dedication program. A condominium unit with multiple legally permitted uses will automatically be classified based on the units ‘highest and best use’ (means taxed at the highest of the multiple property tax rates), unless approved for residential use (you can not rent out your unit for shorter than 30-day rental terms), after the owner files by …Read More

7 Residential Real Estate Investment Strategies

7 Residential Real Estate Investment Strategies – Here are 7 real estate investment strategies to help build your real estate portfolio. These strategies could work anywhere in your local US real estate market. I personally have applied these strategies repeatedly with great success over the years (except strategy #2). Careful execution could yield amazing results.   Strategy #1: Buy a fixer home as an owner occupant, move in and use sweat equity to …Read More

Oahu Real Estate Market Outlook – June 2017

Oahu Real Estate Market Outlook – June 2017  – Courtesy of the Honolulu Board of Realtors, local economist Paul Brewbaker with TZ Economics recently shared his view regarding the general US economy as well as his outlook for the local Hawaii economy and the Hawaii real estate market. Paul’s presentations are always insightful. Check here for last year’s summary: Oahu Real Estate Market Outlook – June 2016, and compare with …Read More

New Hawaii Property Tax Rates 2017 – 2018

New Hawaii Property Tax Rates 2017 – 2018 – We saw it coming, City Council just adjusted Hawaii’s new property tax rates for fiscal year July 1st 2017 through June 30th 2018. The big change for Honolulu County / Island of Oahu is the now two tiered Residential Rate ‘A’: $4.50 per $1,000 (0.45%) of the net taxable value for Oahu Residential A property up to $1Mill. $9.00 per $1,000 (0.9%) of the …Read More

‘Buy Before Sell’ vs ‘Sell Before Buy’ – Best Strategy For A Sideways Move In Real Estate

‘Buy before Sell’ vs ‘Sell before Buy’ – Best strategy for a sideways move in Honolulu’s real estate market – “Can we buy a home subject to the sale of our existing home?”  That’s what I get asked often from clients that already own a home and have the need to move into their next home. Let’s say you do not have  a.) enough cash, or  b.) financial strength to …Read More

Waikiki Condo – Remodel Journal

Waikiki Condo – Remodel Journal – As some of you know, I have been an advocate for building wealth with rental properties since the early 1990s. Recently I purchased another rental property at the Ilikai Apartment Building, one of my favorite condo of all Waikiki condotel buildings, allowing short term vacation renting . This unit was in original condition and needed a complete remodel. It has been several years since I did …Read More

Wealth Creation With Real Estate

Wealth Creation With Real Estate –  Much has been written about investing in real estate, yet many buyers have difficulty calculating the return. Here we break down the important components to consider. Each individual wealth building component might amount to modest returns. However, it is the cumulative effect of these, compounded over time that can create impressive wealth. Each component acts like a booster rocket driving your investment, and propelling you towards …Read More

Comprehensive Guide to Purchasing Real Estate on Oahu

This is a step by step guide to the process of purchasing real estate on Oahu – single-family homes and condos. Before we get to the guide, let’s review some ‘good to know’ items for homebuyers: What is the MLS? Real estate agents on Oahu subscribe to a service called the MLS (Multiple Listing Service), which enables real estate agents to share their listings online with all other real estate …Read More

Waikiki’s Condotel Reality – Cash Flow vs Lifestyle

Condotels are hot!  They offer a unique combination of maximum rental income potential with maximum rental flexibility.  Because you are allowed to do short term (less than 30 days per tenant) vacation renting, your condotel investment property could serve a clever dual purpose: A.) Generate maximum short-term vacation rental income, and B.) Enjoy it as your personal vacation getaway. Yes, you can have your cake and eat it too. At least with some properties, up …Read More