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96792 : Real Estate Advice

  • All15
  • Local Info4
  • Home Buying5
  • Home Selling4
  • Market Conditions0

Activity 13
Sat Sep 26, 2015
Bill Harv answered:
I have three rental units there and visit regularly. I have never been accosted or threatened, nor have any of my tenants, as far as I know. Yes, there are a number of low income residents there, with the problems inherent in a low income neighborhood, but Waianae side folks are friendly and respectful to the extent that you are. ... more
2 votes 2 answers Share Flag
Tue Sep 8, 2015
Dikadonis719 answered:
Aloha, when reading thus blog, in it's entirety, it seems as though those of us who are not real estate agents are stupid; rather than giving us advise on the "How to do process." Other than Cissy67; it is all about the buck$$$ ... more
0 votes 8 answers Share Flag
Sun Jun 7, 2015
Frank Diaz answered:
Hi Jean,

Not a Realtor question, that's a CPA question.
You can also searching for "1031 exchange gains" in Google.
You're talking about Federal, right? Also taxes depend on several other variables, residency, length you had the property, use, etc.

Aloha,
Frank
http://www.hawaiihome.biz/
... more
0 votes 1 answer Share Flag
Wed May 13, 2015
Ritajains answered:
VA loans are becoming increasingly attractive home financing options for military borrowers faced with tough credit and down payment requirements. These flexible loans, which come with some significant financial benefits, are at an 18-year high in terms of loan volume.

More than 530,000 military borrowers obtained a VA-backed loan in 2012, and the program’s growth is likely to continue in the year ahead. But as with any mortgage product, it can’t be all smiles and sunshine. Both VA loan pros and cons are a part of the game. Let’s take a step back and look at some of each.

> Pros of VA

* Zero (0) down payment.
* Seller is allowed to pay all of the closing cost and prepaids up to 4% of the sales price + Title * * Policy + Survey + around $1,915 in VA non-allowables as part of the negotiations of the contract.
Interest rates will typically be lower than a Conventional loan.

Cons of VA :
Upfront Funding Fee of 2.15 if never used your VA eligibility to purchase your home, or 3.3 if have used it before. (If borrower has a Service Connected Disability no Upfront Funding Fee is required.)
The Funding Fee is rolled into the note.
VA chooses the appraiser.
Seller needs to agree to pay the VA non-allowables.
Only loan type that requires a clear WDI (Termite) report.

Click here for more information: http://valoanguidelines.org/funding-fees-pmi/
... more
1 vote 6 answers Share Flag
Thu May 7, 2015
Jean Connolly asked:
Fri Mar 20, 2015
Deborah Arguello answered:
Sorry about your mother, she should only have to worry about getting well. However, with that said, the condo documents should have the terms spelled out on paying association and maintenance fees. If she is living alone, and had to go to hospital, I can see where this can get overlooked. As stated below get a hold of those documents and read what they state and speak to the management company who collects the dues. Hope all goes well. ... more
0 votes 5 answers Share Flag
Mon Jun 24, 2013
Frank Diaz answered:
Yes, they can. Call the property management company. Ask them to email you the rules for payments. They will usually do it. They will tell you on the phone what the rules are for payments. Generally it is due around the 5th of 6th, then a late fee of $25-$50 is due from the 7th on. That's what I have generally seen.
After two months behind, they put a lien and after 90 days start the foreclosure process.
... more
0 votes 1 answer Share Flag
Sat Feb 16, 2013
Frank Diaz answered:
It's impossible to say without seeing sales of similar properties (in the same building).
Once you get the appraisal back, you'll have a better idea. your agent should have already sent you comparable sales so you know what you are dealing with. The listed price is nice to know, but sales are more important.
VA loans are notoriously difficult to get through, so don't be surprised if you have several hurdles on the way to getting the actual funding.
Good luck.
... more
0 votes 3 answers Share Flag
Fri Nov 2, 2012
Wilhelm Bailey answered:
dgfiles,

At your present interest rate, it is a great time to consider refinancing as the interest rates are low. As for not paying fees, it comes with the mortgage market, however, you could include all costs for the refinance into the new mortgage.

Wilhelm
... more
0 votes 2 answers Share Flag
Sun Jul 1, 2012
Frank Diaz answered:
Yes, but they need to itemize the costs on request.
0 votes 1 answer Share Flag
Sun Jul 1, 2012
Jim Olive answered:
If there was a military clause that allowed them to break the lease due to military transfer and they were transferred, then the rules are simply the contract, you have to return deposit funds according to it. If the deposits were intended to cover damages, and there were none, you'd have to return it? Be cautious in the way you handle the situation, the United States Government does not like people treating military members badly, and will help them get any money owed them back, so make sure you give them what they deserve under the terms of the contract. ... more
0 votes 1 answer Share Flag
Mon Nov 21, 2011
Cindy Siok answered:
The homeless, by their very nature, move around. There were many tents for a long stretch along the beach/highway for a long time. Then they City made an effort to get the area cleaned up from all the illegal camping and the homeless population that had settled into the area moved. ... more
0 votes 3 answers Share Flag
Thu Mar 24, 2011
Emily Erekuff answered:
Hi Lori,

As others have already indicated, we don't accept FSBO listings at this time. However if you work with a flat-fee broker or agent, or decide to list your home with a full-service agent in the future, he or she can submit your listing to our site via the link below.

Best Wishes,

Emily Erekuff
Community Moderator
... more
0 votes 4 answers Share Flag
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