All Forum Posts by: Loren Clive

Yes you need a broker. I want to partner with you. Dm me

@Carlos Ptriawan right on. I dunno where Henry is getting his info? Hawaii, at least Maui, is super safe. Most people don't even lock their doors.

as my brother once said, Florida is a poor man's Hawaii

Don't pay it down. You said yourself you're able to get higher returns on cash in index funds. 

There's a great book on this subject called The Value of Debt in Building Wealth that debunks the obsession with paying off mortgages early, which makes no financial sense.

I can recommend some folks on Maui who specialize in these types of listings.

Do you yourself practice yoga? If you're looking to capture that market, it's not that big and might be worth networking with some yoga folks yourself to get the word out. And also staging the place with yoga props. 

Also research what types of events come to Kona, like Iron Man, paddling races, etc. and market to those folks.

Nathaniel, call me anytime. I live on Maui, been investing since 2013.

I have recommendations. Pm me

As an 18 year Hawaii resident, the article misses a lot of the subtleties of vacation rental ownership. Many local people own vacation rentals and make their living renting to tourists, as I do. In Hawaii, the tourists are always a scapegoat when the real problem is government overregulation and incompetence.

Why do we not have enough houses? Here in Maui County, it's because the County Council shoots down almost every affordable housing proposal. It can take 20 years to develop with all the red tape. If you do not build homes to keep up with population growth, it makes the existing houses unaffordable by restricting supply and stoking demand. Basic economics, folks.

Tourism is the lifeblood of our economy, and our supposed leaders never recognize this and continually bite the hand that feeds us. 

In this morning's paper, a private contractor offered to donate 20 acres to Maui County for a landfill for a percentage of tipping fees. Nope. The County is proceeding with eminent domain, which will doubtless cost taxpayers more, so they can fail to operate the landfill efficiently. These are the kinds of idiots running the show. So frustrating!

But yeah, it's the tourists and malahini that are the problem [eye roll]

I've heard you can designate a family member as an employee and avoid taxes if you keep their income under a certain limit. This seems ideal for your situation. Ask a CPA or DM me for referral

I agree the LLC is unnecessary if you're just managing this one property for them.

A problem with this plan is that Hawaii State law requires an on-island contact. Perhaps you could get your housekeeper to be this person?

don't do it, particularly since one of you will be living there as owner occupant. This is basically walking into a divorce situation LOL

it's so much easier to have only one owner, both from a decision-making and tax perspective

Neno, I live here on Maui. Could possibly hard money lend you? Who are you working with for financing? Dm me