All Forum Posts by: Loren Clive

you might look into buying a tiny home. I have heard they can be purchased for $50k. Actually there was recently a BP sponsored meet-up talking about this. @Zasha Smith

And my hairdresser (I live on Maui) is selling her fully furnished tiny home right now for $140k.

I'm also struggling with the same question. Isn't there a point, when you have a mortgage, where more of your payment is going to principal versus interest that makes it better to sell from a tax standpoint?

Shouldn't there be a formula for this??

Aloha, Susan. I live in Pa'ia myself. As far as your rental project, you might ask Meo for tenants displaced by the recent fire. My contact there says there's a wait list of 200 folks still looking for housing. Congrats to you on moving forward on your project!

daily meditation, chocolate and working out. Eat whole foods but treat yourself once in a while. Get plenty of sleep. Have as much sex as possible. No excuses!

I agree with both posts. Sure, it might be predatory, but then again maybe some people don't have the ability or desire to rebuild. Freedom means nothing if you don't give people freedom to make their own choices. It is not the governor's place to regulate land sales.

As far as the lease itself goes, ask your realtor for a copy of the har standard form. Congrats and enjoy!

Lol. I've found that waiting to invest on Maui is not a good strategy as the prices continue climbing. I've been waiting to buy into Makena for years now.

I'd say the increase in pricing only reflects the continued high demand for condos in Maui, the #1 Island in the world, where there is little inventory.

Here's the latest stats from Hawaii Realtors. They have historical year-end stats for each island.

https://www.hawaiirealtors.com...

Note Maui is the only island where condo median prices are up 10% this year alone. I mention this because only condos are zoned for STR on Maui, so still strong appreciation even with interest rates.

If you do decide to buy on Maui, let's chat. I've lived here 18 years and own several rental properties on the island, and am also a real estate broker.

@Bonny Drago sure. Best to phone me as I'm not on BP all the time. 808-250-6891

I think it's terrible advice to wait to buy, especially if you're serious about buying on Maui. I see this all the time working with buyers. They can't afford what they want, so they never buy when they could have at least purchased a modest investment property as a stepping stone to their dream house. In the meantime, properties appreciate and they still can't buy. As the old saying goes, the best time to buy real estate was yesterday.

Whether or not you decide to house hack, it is important to get into a property and let it start appreciating. Then you can sell it in a couple years, or keep it as a rental which will supplement your income on the loan qualificiation, and buy what you really want.