Don't buy one in the Apartment Districts in Maui County until the Hawaii Supreme Court rules on it (unless you would be fine with living there full time or renting it out full time).
Excellent Question. I released a different video a few weeks ago where I discuss the potential changes in STR Laws on Maui. I'll share a link below: th-cam.com/video/8QyNIqfTV8I/w-d-xo.html
A very helpful video for investors. Succinct and to the point, a great reference if someone gets too myopic on one of the factors/pillars instead of the aggregate.
WARNING!!!!!!!! Staying at your rental property more than 14 days a year, or more than 10% of the annual total days you rent it to others at a fair rental price, the IRS will generally classify your rental property as a residence, rather than a business. As such you lose the ability to deduct ANY expesnes, INCLUDING DEPRECIATION, from whatever rental income you receive. Most people are not aware of this ridiculous rule and may end up paying MASSIVE penalties to the IRS.
Do non-residents pay the same types of property taxes as residents to. If not perhaps you can include that in your next video. Thank you kindly for your amazing work always look forward to your videos.
What about the SRT ban that is being considered for Maui? How does that figure into the investment consideration?
Don't buy one in the Apartment Districts in Maui County until the Hawaii Supreme Court rules on it (unless you would be fine with living there full time or renting it out full time).
Excellent Question. I released a different video a few weeks ago where I discuss the potential changes in STR Laws on Maui. I'll share a link below:
th-cam.com/video/8QyNIqfTV8I/w-d-xo.html
2:36 Nobody else will actually say that part out loud. In order to cover a mortgage you need to put down 40% to 50% to break even. Great video Jesse
A very helpful video for investors. Succinct and to the point, a great reference if someone gets too myopic on one of the factors/pillars instead of the aggregate.
Great video and thanks for sharing such valuable information 🌺🙏🏾
An exchange rate to Canadian
WARNING!!!!!!!! Staying at your rental property more than 14 days a year, or more than 10% of the annual total days you rent it to others at a fair rental price, the IRS will generally classify your rental property as a residence, rather than a business. As such you lose the ability to deduct ANY expesnes, INCLUDING DEPRECIATION, from whatever rental income you receive. Most people are not aware of this ridiculous rule and may end up paying MASSIVE penalties to the IRS.
At around 5:20 typo friends freinds
lol. Thanks. I always have at least one typo in my videos. Unfortunately I can’t edit it out after I release the video.
And income taxes. Or❤ capital gains taxes
Income taxes because I’m a real estate professional.
Do non-residents pay the same types of property taxes as residents to. If not perhaps you can include that in your next video. Thank you kindly for your amazing work always look forward to your videos.
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