What's the catch? Must be leasehold at this price! Any problems with the lease? When is it up and when it does it re-negotiate? Cash only?

Asked by Sue Williams, 98198 Wed Aug 7, 2013

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Kristi Takushi Tanaka’s answer
Kristi Takus…, , Honolulu, HI
Thu Aug 8, 2013
You may get a loan on a leasehold property it doesn't need to be cash. It depends how long the lease is and the step ups or renogotiations of the lease. Also, keep in mind some areas on the island are on the lower end... So again as mention before it depends what property you are refering to and its location.
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Frank Diaz, Agent, Honolulu, HI
Thu Aug 8, 2013
If it looks too good to be true, it's probably leasehold. The majority are expiring in 15-20 years now.
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Kristi Takus…, , Honolulu, HI
Wed Aug 7, 2013
What property are you refering too?
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The condos at Kahala street for under $200k!
Flag Wed Aug 7, 2013
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