Mentally it's hard to buy into a dipping market, but I think that's where a lot of money is made longterm. 

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

Available terms, interest rates, overall goals should determine how much you want to finance on properties. 

I also sold 2 properties to one out of state and another from Pakistan and the buyer never walked through but relied on the home inspection to determine scope of work or to complete the deal.    

It is usually allowable up to 6 - 12 months after the purchase. 3.Buildings are determined as commercial or residential based on the official cadastral category by the local council.4.Commercial mortgage LTV Max 60% depending on the specifics. 5.Not an issue using foreign income for affordability calculations if salary is taken into account. 6.Property valuation is conducted by a valuation company requested by the bank. 7.Residential mortgages can be up to around 80% LTV depending on affordability. 8.

The only deal I’ve ever walked away from we determined that the entirety of two of the exterior, structural walls were significantly bowing and in the basement below them the foundation had been permanently covered so there was no way to see what it was doing.

I did everything I could to keep everyone on track, but some are just bound and determined to run off into the weeds.

When considering refinancing, also factor in the closing costs of the new mortgage to determine if it actually helps you.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

I’m determined to make this work not just for myself but for my family and friends.