It’s 2012 already – let’s cut to the chase and see what the next 12 months have in store for those of us in Hawaii real estate and the market. Get ready! Continue reading...
Posts under ‘Financing’
Investing in Hawaii Real Estate With My Retirement?
“I didn’t know I could do that!”
I’ve heard that line a bit lately from folks when hearing about how they can use their very own retirement money to invest in Hawaii real estate. It’s as if all of a sudden they have money they didn’t know they had and can start becoming a true Hawaii real estate investor. To explain how this is possible, I’ve brought back Dan Falardeau of New Direction IRA, a custodian for Self-Directed IRAs.
MIKE: Aloha, Dan. Thanks for contributing again to HawaiiHousingNews.com. Let’s get right to… Continue reading...
Hawaii Flood Risk and Insurance
While living in Hawaii certainly has its perks, we are also vulnerable to a range of natural hazards – floods, tsunamis, coastal erosion, hurricanes and more. Floods represent a significant risk to Hawaii residents primarily because of the combination of 1) our low-lying elevation and 2) our significant population and infrastructure levels in these areas. However, not all flood events originate near the beach. Proper watershed management in our mountains and valleys also plays a role in flood susceptibility. The Pacific Disaster Center (PDC) on Maui identifies four major sources of flood risk to Hawaii: riverine, flash, mauka… Continue reading...
What Is a Self-Directed IRA and Why Do You Need One?
Hello and welcome to my first post as a contributor to Hawaii Housing News! If you’re like most people you have either never heard of Self-Directed IRAs or you may have heard the name but have no idea what they are. So relax, I’m here to explain the basics in layman’s terms!
In the eyes of the IRS, Self-Directed IRAs are the same as any other IRA. They are retirement accounts that have special tax benefits to encourage individuals to save for their retirement. The difference… Continue reading...
How to Select a Hawaii Title Company for Your Real Estate Deals
Some people think that being a successful Hawaii real estate investor is all about buying properties at one price and selling them at a higher one, with a few strokes of a hammer in between. While at the most basic level that might be true, there are a lot of steps along the way that can make or break your Hawaii investment deals. You might be able to find plenty of motivated sellers and have a steady stream of buyers ready to go, but if you aren’t working with a competent title & escrow company, you could be wasting your… Continue reading...
Home Insurance For Hawaii Coastal Property
When you think about living in Hawaii, beautiful sandy beaches would be the hot topic of any conversation unless, of course, you’re searching for cheap insurance plans.
A home on the beach is more risky for an insurance company to insure and is therefore more expensive due to the potential for hazards such as coastal erosion, flooding, tsunami and possible hurricane damage. However, you don’t have to avoid the beaches if you want affordable Hawaii home insurance. Here are a few steps to get a discount.
- Adhere to Shoreline Setback Regulations — A setback is a legal mandated buffer between the
