Inherited Property–Sell Now or Later?


Have you inherited an apartment building recently? It may be better to sell it now rather than later because of your stepped-up basis. Check with your tax advisor to find out whether it’s best to…

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Christina Dwight closes another deal with the City


The city spent $6.9 million to buy a three-story, 24-unit walk-up apartment building on Beretania Street to be used for low-income and homeless housing. The purchase of the building at 1727 Beretania St. — makai…

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How to Handle Rents and Security Deposits in a 1031 Exchange


A common practice when closing the sale of an investment property is for the seller to give the buyer a credit for any security deposits held by the seller and any rent that is to…

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Are You Gonna Pay for That?


I know, I know, it’s absolutely confusing. Why does property A have expenses totaling 8% of the gross while property B has 38%? Why isn’t this calculation standardized? Both are hollow-tile walk up buildings, both…

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Pricing It Right


I was having breakfast with a colleague this morning, and I explained that a seller I was working with had been told that his asset was worth $1-$2 million dollars more than I had calculated….

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Always A White Belt


I recently joined Bigger Pockets, a real estate investing forum that specializes in discussing cash flow and is mostly geared to the investor. I’ve been looking for an audience to discuss my expertise with for…

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Win-Win: A 2015 Market Forecast


It seems like the rush to apartment building investment may be slowing down–lenders are reporting that while lots of things are going into escrow, almost just as many are falling out. Have the returns (cap…

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Relating to Medical Marijuana: Your rights as a Landlord


On April 30, 2014, the Hawaii state legislature passed House bill 1503 relating to medical marijuana use in your apartment building by your tenants. Essentially, the new law allows the use of medical marijuana if…

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The Pet Deposit: How much more you can collect


Having a pet is a privilege many tenants would pay more to enjoy, but did you know that in addition to collecting a higher rental rate, Hawaii’s law now also allows you to collect a…

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Hawai`i’s New Rental Agreement and The Fine Print


Our state recently adopted a new rental agreement, effective May 2013, which adheres more closely to the Federal Service Members Civil Relief Act and clarifies a bunch of other things.  Previously, the Hawaii Association of…

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Hidden Boot: how to find it.


http://firstexchange.com/content/exchange-expenses-how-find-hidden-boot-1031-exchange


Thinking of Exchanging?


The tax rates haven’t been raised…YET but here’s a handy calculator to figure out your net proceeds from a sale with the intent to exchange


The Old Rules – Real State Investments


I have a friend who is extremely fearful of purchasing a home, even though he’s gainfully well-employed. He keeps hearing from his friends and family about how they are underwater on their mortgages, how they…

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2013 Forecast


I just attended the CCIM/BOMA 2013 forecast for Hawaii, and I learned a lot about what to expect out of the next twelve months. 27% of all transactions in our state last year were multifamily….

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Off Market Deals List


Can’t find anything on the market that appeals to you? Contact me for more information about these deals and more!


Looks like you can defer that 3.8% in your exchange.


Source : http://firstexchange.com/January2013Newsletter   There has been some question as to whether taxpayers could use a §1031 exchange to defer the new 3.8% tax on investment income.  The IRS has issued proposed regulations that answer the…

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REITS performing better = Replacement without management


REITS are performing better, which means you have another option for your exchange.


Why Most My Listings are SOLD


Most of my listings are off-market, meaning they are not advertised. The majority of the properties I sell are not on the Multiple Listing Service (MLS). Owners who publicly list their properties generally receive a…

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Thank you.


It’s a new year, and I’d like to wish all you visitors and guests to my site a prosperous and enjoyable 2013. Thank you for your patronage, your business, and your thoughtful comments. Keep them…

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Lower Cap Rates for Multifamily


THE CASE FOR LOWER MULTIFAMILY CAP RATES BY BY MARK SCOTT DECEMBER 8TH, 2012 Attend any number of multifamily conferences around the Tri-State region and cap rates are sure to be a topic of discussion….

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CONDOMINIUM SALES SOAR IN OCTOBER ACCORDING TO THE HONOLULU BOARD OF REALTORS


http://hicentral.com/property-information/market-press-releases/531-october.html