You can defer the capital gains tax by doing a 1031 exchange. Or there is the $250,000 Exclusion on the Sale of a Main Home.
Individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and lived in the home for a minimum of two years. Those two years do not need to be consecutive. In the 5 years prior to the sale of the house, you need to have lived in the house for at least 24 months in that 5-year period. In other words, the home must have been your principal residence.
As always it is highly recommended you consult your CPA regarding this.... more
Hi Nancy, there is no open house for this unit on December 1st.
But if you want to see, I can try arrange for you a showing. Let me know if you need to see it. email me at email@example.com
It is a leasehold and the lease expires in 2017 11/30... more
You can do a 1031 tax exchange. I just completed my 3rd one for a client this year, so if you want to call or email me, I can explain in more detail. 1-808-222-5438 or firstname.lastname@example.org.
Bob Cowan... more
That stinks. I bet they knew about it and didn't say anything and that is certainly a material fact. It takes some time to get quotes and figure out how much each unit owes to cover the costs. I would contact the condo management company and ask how long ago this was made known to the condo owners. It would seem your options will be to;
negotiate a new purchase price
continue on as if nothing changed
I would delay closing while you decide which should also help your negotiations.... more
if you need help with investing in a condo in Hawaii. you can email me email@example.com I can set you up with our system at no cost. You will see if the condo is fee simple or leasehold easily or you can ask me directly as well. I will also let you know what are on the market that suite your needs.
I will be happy to help you
If you need further assistance pls feel free to contact me.... more
Sorry this home is being shown by appointment only. No open houses. Did you want to schedule a showing?
Please email me at Leana@elitepacific.com if you would like me to do this for you.
Elite Pacific Properties... more
No one can answer this without knowing the terms in the contract.
Since the seller is disputing the escrow, you may want to take your contract to a local real estate attorney to advise you.
Most attorneys will give you initial consultation time. From that consultation should know what to do.... more
You should talk to her, she probably knows a lot about the area. The best way is to come to visit for a week or so to see if you'll like it here. Have you been here?
For rentals, short term try VRBO.com... more