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Home Buying in Kailua : Real Estate Advice

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Activity 5
Wed Apr 18, 2012
Suzanne MacDowell answered:
Notice of default is generally a legal document filed with the court by a mortgage company or some other entity that is owed money by someone who has up their property up as collateral to guarantee payment of the loan. It means that the debtor has not paid the debt and now they are beginning foreclosure proceedings on the property to try to collect the debt. The loan amount is now much the property owner owes this bank or entity. It is not an asking price or an opening bid at all. It could be any unpaid debt for which the property was put up as a guarantee of payment, homeowners associationd dues, property taxes, or a mortgage. It would require some research down at your county tax assessor's office to find out. ... more
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Thu Mar 31, 2011
David M Nash answered:
Lanikai is a great area, currently there is an amazing vacant property for ~$5,000,000 with over 100 ft. of ocean front ready to build you dream cottage on.

Here is a google map search that you can use to search for property of any price. http://www.TheOahuAgent.idxco.com/idx/7373/mapSearch.php

Aloha,
David Nash
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Mon Dec 27, 2010
Mike Gallagher answered:
Aloha:

My name is Mike Gallagher and I live and work as an agent in Kailua. You are welcome to view my Kailua Real Estate Reports on my website at: www.hawaiirealestatestatistics.com

You can do an L.L.C. if you want to but you need to look at if this is the best avenue for you. You need research the Tax consequences and set up fees. In any case if you are Off Island Land Lord you should hire a Property Manager for a monthly fee to manage and advertise your investment.

Feel free to contact me at mikeg@hawaii.rr.com or 808-384-9015

I wish you much Aloha,
Mike Gallagher, Broker in Charge, Abe Lee Realty
Ethics Complaints Review Committee Member, Honolulu Board of Realtors
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Tue Jun 9, 2009
Frank Diaz answered:
There are many. You probably want to break them down though
Vacant vs. with a home
Privately owned vs. government owned

Here is what I get based on a quick search:

Oceanfront - vacant
6 properties

Oceanfront Government Vacant
2 (from the 6 above)

Oceanfront - not vacant
42

Oceanfront Government Not Vacant
0

Total - 48 oceanfront parcels


Frank
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Wed Dec 17, 2008
Jane Mireles answered:
Aloha Mike, You probably need to narrow down the property, neighborhood or price range first. Then you could try to project revenue and rental probability on a case-by-case. The property you eventually become interested in may already be in a rental program - then you will already have a rental history to look at. Do you already have a particular property in mind? ... more
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