Top of the world! Only 7 units on this level, just below the penthouse. This is a turn-key high floor 3-bedroom, 2-bath corner-end unit at Moana Pacific in Kakaako, a luxury condo building completed in 2007. It is located on the 47th floor and is the highest elevation 3-bedroom condo available under $1.1Mill. The unit enjoys amazing 270-degree wrap-around ocean views from Diamond Head in the east to sunset in …Read More
I meet many buyers excited to buy but reluctant to move forward. Often buyers claim “I’m not in a hurry. Just keep me posted when the right deal comes up.” In the buyer’s mind, the right deal might be a nice property that sold 6 months ago at a then favorable price. Regretfully that property already sold! And in a rising market the price from 6 months ago might no …Read More
Check out our new listing, – Waikiki’s Hidden Treasure! This is a choice high floor 2-bedroom, 2-bath condo at the celebrated Lanikea Waikiki, a boutique style luxury condo building completed in 2005. The unit faces the ocean and enjoys fabulous ocean and Diamond Head views from the entire apartment. An awesome usable lanai is large enough to accommodate a table for enjoying sunset dinners. This condo is in pristine turn-key …Read More
-Effective 8.22.2017 Title & Escrow companies handling Honolulu County real estate transactions with a $3 Mill purchase price or more are now required to file FinCEN Form 8300. The form shall contain the identity of the individuals primarily responsible for representing the buyer. E.g., if the buyer is an entity, Corporation, Partnership, LLC, Trust or a Shell Company, the form shall contain the identity of the beneficial owners. Title & …Read More
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
– 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 – 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 – 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 – 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 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
