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How To... in Maui County : Real Estate Advice

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Fri Oct 17, 2014
Jeffery Griffin answered:
Aloha ha ha
leasehold is not a dirty word in Hawaii. A loan on a lease hold will want 30 years left on the lease. Many times leasehold can work to your advantage. Most of the ocean fronts are going to be leasehold. The Hawaiian leasehold land is a no brainer for the locals with 50% Hawaiian blood. The lease on the land is $1 dollar a year and the house is usually 275,000 to 350,000 thats much cheaper then any fee simple property. The lease on these run 99 years longer then most of us live and you can leave the remainder of the lease to your kids.
Ask yourself if the location is where you want? Is the price right? Can you afford the HOA and the lease payments? The resale is there, in Waikiki leasehold is very popular. A lot of the lease hold monies goes to support schools, charities and trust that have improved the state of Hawaii.
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