All Forum Posts by: Justin Brophy

I am currently doing my research and due diligence in reference to a potential DST on an investment property sale (not listed yet). Looking for some good references/contacts who would be willing to discuss this in more detail. Please respond to this post or feel free to send me a message. Thank you in advance.

Looking into possibly selling my investment property, which is located in Maui, HI. I live in California. I have owned the property for approximately 5 years. I will not be re-investing via 1031 and I would like someone to help with the taxes, which will eat away at my profits.

Can anyone offer specifics on Capital gains/depreciation recapture/HARPTA? I’m trying to get an approximate amount of my profits which will go to these taxes. Thank you in advance for your insight.

@Josh Alexander

We are in Blackstone - Sorano.  Our home is the Model 2:  3 bedroom + Office /2.5 bathroom, approximately 1900 square feet.  Not looking to sell but would consider if my number can be met.  

@Tyler Cotter  

Great to hear from you.  I responded to your message.  

Real Estate Agents with buyers looking in North Orange County (Brea) -

I own a single family home in the sought after neighborhood within Brea - Blackstone.  I have not listed my property but I will sell if the buyer can meet the specific number I am looking at.  Feel free to respond to this post or reach out with any questions.  

@Greg Gaudet  

Yes, we did purchase our condo last year at Hale Kai. We are happy with it as we knew going into the transaction we would be content with breaking even on a monthly basis (After mortgage/taxes, property management fees, HOA's, etc.). We stay pretty close to breaking even throughout the year. The condo was a traditional MLS listing and actually was almost completely updated before we stepped foot inside. We have made a few small changes of our own. There is another condo (directly above ours) currently in escrow.

@Kiera Underwood

I ended up purchasing a condo in Maui last year.  I understand with the market in Maui; it will be a long term investment.  

I will see gaps of 3-4 days here and there occasionally between rentals.  I am also using different Facebook groups to get the word out on those gaps.  My unit has a history of around 75% occupancy but I am looking to raise that up to 85%+.  

@Mike V.

I like your approach in regards to offering discounted rates depending on how far out the gap may be.  This is something I was planning on offering as well.  I guess my question to you would be; how are you marketing those gaps (VRBO, Airbnb, etc.?)  I'm curious of the best method to ensure I can get the information out to potential vacation renters specially for those gaps. 

Our property management does require a 5 night minimum stay but potential renters are allowed to call in directly and possibly book a shorter stay. 

In response to taking over the VRBO account; our property management has control over the account and we can make any changes/updates as needed.  Does that make sense? 

My wife and I recently purchased a condo in Maui (5 minutes north of Ka’anapali).  The history of the unit/complex shows very good repeat renters, families, etc.  My wife has an amazing eye in regards to interior design (Her day job).  We will be making some changes to the unit to make it even more attractive to vacation renters.  My question is:  Does anyone have suggestions in regards to filling those gaps (3 - 4 nights) in between rentals?  The property management on site allows booking through their website directly, we have transferred the VRBO to us from the previous owners, and I am using my personal facebook account, and craigslist to get the word out.  My goal is to fill those gaps in between rentals.  I am wondering if there are any other owners out there with any suggestions which have worked for them?  Any other good methods, facebook groups, etc.?  Any help would be much appreciated.  Thank you in advance.