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Home Buying in Waikiki : Real Estate Advice

  • All103
  • Local Info9
  • Home Buying19
  • Home Selling0
  • Market Conditions5

Activity 16
Tue Jun 16, 2015
Jonelle Bechard answered:
Aloha John and Janis,

If you haven't purchased a investment I wanted to share with you some ideas. Take a look at what I manage at:

www.captaincookresorts.com

Those buildings are great investments and generate revenue.

Thank you
... more
0 votes 1 answer Share Flag
Tue Jun 16, 2015
Jonelle Bechard answered:
Hi DJ- It depends on the building and how you would be renting. Hawaii is unique in Home Purchasing as there is leasehold land and fee simple. I have a management company as well. If your interested I can speak to you. Thank you. ... more
0 votes 1 answer Share Flag
Sun Jun 7, 2015
Frank Diaz answered:
Yes, there are several good reverse mortgage companies here.
Send me a message and I'll send you two or three.


Aloha,
Frank
http://www.hawaiihome.biz/?s=honolulu
http://www.hawaiihome.biz/?s=waikiki ... more
0 votes 1 answer Share Flag
Thu May 7, 2015
Jean Connolly answered:
I have a residential condo within walking distance to the beach that I wish to sell. Tenants have occupied the unit for apx 5 years and would like to remain. Please call Jean at 808-292-4068.
To view the unit, please go to:
https://www.youtube.com/watch?v=7jy6Ta2Zzpk&feature=channel.
... more
0 votes 11 answers Share Flag
Wed Nov 26, 2014
Tom Presler answered:
Aloha John,

Not sure if you found a good deal yet, or if you're working with an agent, but I'd be happy to talk with you about what you need and what you consider a "good deal". As David mentioned, that term is relative and really depends on your personal situation.

If you'd like to talk, you can call me at (808) 222-4054 or email me at tom.presler@pruhawaii.com.

Take Care

tom
... more
0 votes 2 answers Share Flag
Sat Nov 8, 2014
John Arendsen answered:
Sat Nov 8, 2014
John Arendsen answered:
Not yet. We've just started our search but we do plan to select someone before we come over in May.
0 votes 2 answers Share Flag
Thu May 30, 2013
Stephentrulia answered:
Hi eire02

You can get any answer by search

http://www.reversemortgagelendersdirect.com/hawaii-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/no-fee-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-vs-annuities/
http://www.reversemortgagelendersdirect.com/misconceptions-reverse-mortgages/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-who-owns-the-home/
http://www.reversemortgagelendersdirect.com/is-a-reverse-mortgage-a-good-idea/
... more
3 votes 3 answers Share Flag
Wed May 22, 2013
Frank Diaz answered:
Some of the sites (like this one) don't have fields for "tenure" (that defines leasehold and fee simple.
I have mentioned this to them several times, but they don't have that field, or it is halfway down the page.
In the MLS, the word "Leasehold" must be on the listing if it applies. The sames goes for advertising, but as i said, the agents can't control what is imported into another system.

Please call if you have any further questions.
808.723.0900
Frank
... more
0 votes 2 answers Share Flag
Fri May 10, 2013
Cindy Siok answered:
Hi,
Short-term rentals can offer owners a better return in many cases. However, on Oahu, short-term rentals (less than 30 days) are restricted to resort-zoned areas of the island as new permits for this kind of rental are no longer issued.
There are also condotels for owners who would like to own a hotel unit and have the hotel management pool take care of everything (the bookings, the cleanings and the maintenance). Owners typically get 50% of the income generated and also can reserve the unit for their own use or for friends. Since you own it, you can also pull it out of the hotel management and rent it yourself (short or long-term). However, financing for these "lodging units" will require a higher down payment and in some cases, a cash buyer. I recently helped a buyer get one in the Palms Waikiki.
Let me know if you'd like more information - I'm happy to help.
Aloha,
Cindy Siok, R
At Home Hawaii
... more
0 votes 3 answers Share Flag
Mon May 6, 2013
Billy Leung answered:
You don't own the land with lease hold, so what you are paying is only for the house/condo that resides on the piece of land that you are "leasing". Personally I find it a bit odd to buy leaseholds (unless the lease does not expire for a very long time and you intend to sell it before the lease expires). There are some uncertainties when the lease expires although usually you tend to renegotiate the terms. ... more
0 votes 6 answers Share Flag
Tue Nov 6, 2012
Frank Diaz answered:
Aloha Mike,

This property is leasehold. That means you don't own the land, you lease it.
The lease expires in 2026, so you would give up the property at that time.
It can be owner or tenant occupied. Maintenance fees are $541/month.

Frank Diaz
(RA) MBA, e-PRO, REALTOR®
East Oahu Realty
808.723.0900 cell
http://hawaiihome.biz/
... more
0 votes 1 answer Share Flag
Wed Feb 23, 2011
Mike Gallagher answered:
Aloha Vic:
My name is Mike Gallagher and you can find all your answers on Oahu Real Estate at www.hawaiirealestatestatistics.com There is a full January 2011 Oahu Report for both Single Family Homes and Condos on my site under Oahu.

January unit sales were low but it is cyclical this time of year and normal. If it continues into March, then we have a problem. Check out my simple, easy to read and understand graphs on my reports and if you have more questions email me direclty.

I wish you much Aloha,
Mike Gallagher,Broker in Charge, Abe Lee Realty
Ethics Complaints Review Committee Member, Honolulu Board of Realtors
... more
0 votes 3 answers Share Flag
Wed Sep 29, 2010
Frank Diaz answered:
Here is another helpful article:

http://www.tenantincommon1031.com/tic-financing.php

Aloha,
Frank
0 votes 6 answers Share Flag
Sat Jul 17, 2010
Mike Gallagher answered:
Aloha:
My name is Mike Gallagher and to see results for Waikiki go to my website at www.hawaiirealestatestatistics.com. I issue a monthly report on Waikiki Condos.

I have created a webpage for you to view showing a C.M.A. of all activity for Fairway Manor which will be posted today, July 17th, 2010 to review. Please call or email any questions you may have.

YOUR WEBPAGE: http://mikegallagher.topproducerwebsite.com/m_7366.asp?preview=true

Much Aloha

Mike Gallagher, Broker in Charge, Abe Lee Realty
Ethics Complaints Review Committee Member, Honoulu Board of Realtors
... more
0 votes 2 answers Share Flag
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