Type of Investment
This property is being marketed in AirBnB and VRBO and can be rented as little as one night
What is Short-Term Rental?
This type of ownership is highly suggested when owning Rental Property due to the protection of the individual personal assets.
What is a Limited Liability Company (LLC)?
This tax is being assessed annually by Maui County based on the assessed value of the property and tax rate.
What is Real Property Tax?
This tax is paid on the profit or the increase in value of what the investment property was bought or initially paid for.
What is Capital Gains Tax?
Eligibility to get Real Property Tax Exemption up to $200,000 as long as you have 12-month lease or longer with the same tenant
What is Long-Term Rental?
This type of financing has been considered the easiest and smoothest process for buying an investment; it’s often called “King.”
What is Cash?
These monthly dues are assessed annually, typically in condo complexes or residential condos.
What is a HOA Fee?
Strategy to defer capital gains tax from selling investment property by buying another investment property with the same value or higher value.
What is 1031 Exchange?
This property location zone will allow you to run a short-term rental property without any limitations.
What is a Hotel Zone?
This property has more than one housing unit.
What is Multi Family Home?
This insurance is required by lenders when you take out a mortgage to buy a property.
What is homeowner insurance, HO6 insurance?
The number of days that are allowed to close the exchange property when you do a 1031 exchange.
What is 180 days?
An additional living space on the property aside from the main home.
What is an Accessory Dwelling Unit (ADU) or Ohana?
In Hawaii, we call this a second, third, or even more additional dwelling that is created without a proper permit or even according to the building code.
What is Nohana?
This tax will be paid to the State of Hawaii on your gross rental income, typically monthly, quarterly, or semi-annually.
What is General Excise Tax (GET)?
A tax required to be paid when the property being exchanged in 1031 is less than the property being sold.
What is the Boot?