The state of Hawaii is currently under an eviction moratorium through November 30, 2020. While there are other moratoriums that may apply (i.e., certain loan types or the CDC), for this

Dated: April 30 2020
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1. Plan ahead. If you need to take equity from your current residence to buy a new residence – do that now, while you are still living in the property, as some loans may have a required “owner occupancy” provision. This is especially true for refinancing, rather than a second mortgage or line of credit. Contact a mortgage professional for details and any restrictions.
2. Contact your tax professional. Oftentimes, investment properties initially operate a loss, but whether you can deduct that loss is dependent upon your specific tax situation. Specifically, you want to educate yourself regarding depreciation, deductible expenses, carryovers and passive income and losses. Also review information concerning 1031 exchanges here, and learn how you can exchange one investment property for another or several others, increasing your income potential and potentially deferring payment of income taxes on capital gains.
3. Make any and all necessary repairs to the property, to place it in good working order. Make sure all the appliances are working as designed, that there are no electrical issues, and that all plumbing is working as expected. If you haven’t painted the walls in a few years, consider this cosmetic improvement. It is relatively cheap, and makes a huge difference to prospective tenants. Also, consider replacing light fixtures or plumbing fixtures – oftentimes, these simple improvements provide the updated look without the remodel expense. Finally, make sure the front of the property, including the landscape, is manicured – it is the first thing that prospective tenants will see.
4. Contact Kasandra Shriver. Kasandra can assist you in obtaining the current market value of your home, which you will need for your tax records. Kasandra can assist you with finding a replacement home, locate a tenant, and manage your Oahu investment property with or without your direct involvement, making the process of being a landlord painless.
5. Finally, enjoy the financial independence than many achieve by owning an Oahu investment property.
Kasandra Shriver started her career in real estate 2012, and joined HomeQuest, Realtors LLC in 2014 where she is a REALTORĀ® Broker. She is a homeowner and investment property owner and has both the ....
The state of Hawaii is currently under an eviction moratorium through November 30, 2020. While there are other moratoriums that may apply (i.e., certain loan types or the CDC), for this
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many
Property tax rates for 2020-2021 did not see much change. Owner occupied residental rates remained the same.Here is the table of Honolulu property tax rates for the fiscal year July 1 2020