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Hawaii is a seriously beautiful place. Even more so when you don’t live here and it's minus 10 degrees back home! Hawaii's weather is temperate year round, the water hovers between 75 and 80 degrees and you can live outdoors from January through December. The people are genuine and friendly and Hawaii is still part of the United States!
I often meet buyers who are interested in visiting Honolulu on a more regular basis. Several of them want to own a piece of paradise they can use when visiting, and rent out when they’re not here.
Condo/Hotels are popular with vacationers looking to spend more time in Honolulu.
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The median price for a single-family home on Oahu in 2013 was $645,000, and with low inventory, the price of real estate continues to increase. However, there are some great opportunities out there for homeownership under the island median...Here's a sample of affordable single-family homes available on Oahu for under $645,000. 116B Cypress Avenue, Wahiawa, HI 96786 $370,000
Lovely older home, newly renovated with laminate flooring, carpet, paint inside and new stove. The house is in great condition but sold AS IS. This is a wonderful price for a starter home. Come and see. You won't be disappointed. Square footage of home differs from tax office. Please call for Addendum A before making an offer. Click here for map. Property listed by Century 21 Homefinders Of Hi
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Happy Saint Patrick's Day from all of us at Locations!
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In my last three blogs of this four part series, we went over the Benefits of a 1031 Exchange - Part I, Different Types of 1031 Exchanges - Part II, and The Middleman to Complete a Successful Exchange - Part III In this last segment, I would like to elaborate on a 1031 Exchange question I’m asked often, “Can I complete a 1031 Exchange with a vacation home or second home?” And the short answer is yes. Here’s what you need to know about exchanging mixed-use vacation home. In 1981, the IRS issued a Private Letter Ruling (PLR) stating that you could 1031 Exchange out of a vacation rental and into another investment property if it was held as an investment as well as personal enjoyment. In 1991, the Department of Treasury issued the Deferred Exchange Regulations that went against the IRS's PLR. It stated that an Exchange must be held for investment only and not as a second home or vacation rental with the ability to use it for personal use. During this time, it was extremely confusing determining if a vacation rental or second home would qualify for a 1031 Exchange. Finally, in 2008, the IRS issued a Revenue Procedure clarifying the guidelines for qualifying a vacation rental or second home for a successful 1031 Exchange. |
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