Ronda

"2006 Aloha Aina People's Choice Award Winner"

I'm a:	Real Estate Professional
Company:	Realty Executives Oahu
Location:	Honolulu
Phone:	(808) 949-0020

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Ronda's Answers (4)

With the new provisions in HR 3221 what is the timeline to take advantage of the DPA programs like Nehemiah?

Asked Tue Aug 5 2008, 02:33 by James - All locations - Home Buying - 3 answers

Ronda answered:

Hi, re the last answer, if you can't complete your home and close by 10/1/08 but can speed up the escrow period or close sooner than December, check with your lender too if you can take advantage of the Nehemiah program and fund a temporary loan earlier than the close date and still qualify. - Tue Aug 5 2008, 18:13

I would double check with your lender to check the underwriting guidelines and updates of HR3221 to make sure you will still qualify. Companies can impose their own (and stricter) guidelines on top of what is allowable. - Tue Aug 5 2008, 03:01

Is there still a market for flipping homes on Oahu? Does it depend on if its a condo or home,?

Asked Tue Aug 21 2007, 01:05 by Cy - Honolulu - Foreclosure - 10 answers

Ronda answered:

If you're patient and have some good team mates (realtors, loan officers, neighborhood scouts, contractors, attorneys, accountants, to name a few), you can find some jewels for flipping. With the cost of rising fuel prices and its effect to the local pocket book and the tourist's splurge money (which translates to less tourism dollars, less business for small business owners, less wealth to go into government coffers), don't be surprised to see more distressed sellers who might want to sell their property quickly at a good price. - Tue Aug 5 2008, 03:24

Could you comment on the Imperial Plaza in Honolulu?

Asked Fri Mar 14 2008, 21:20 by Liz - Aliamanu - Salt Lake - Foster Village - Home Selling - 5 answers

Ronda answered:

Imperial Plaza is strikingly designed. High ceilings and clever floor plans make living here interesting. Great walkability factor. More restaurants, shopping, entertainment and services popping up all around the building's location. Excellent location. - Tue Aug 5 2008, 03:17

My husband's brother wants to put $200K down on a $500K condo. Isn't this a bad idea?

Asked Sat Jul 12 2008, 15:16 by Nancy Kipling - Brooklyn - Home Buying - 4 answers

Ronda answered:

Every one has their own opinion and comfort level with debt, ratio of cash reserves to expenses, risk and investing. While some professionals can argue for maximum mortgage debt on their principal residence to take advantage of tax benefits re interest deductions as well as having more cash reserves or other liquid investments, others can argue over peace of mind re no debt. The answer can be better answered by your brother-in-law's financial planner, accountant or tax attorney who may have a more comprehensive picture of other details of his entire asset portfolio and personal scenario. - Tue Aug 5 2008, 03:07

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