Maui real estate stands out as one of the most robust and promising long-term equity growth markets in the world. Its allure extends far and wide, attracting investors from various corners of the country and around the globe. In fact, non-residents own about 25% of Hawaii’s real estate, a fact that poses challenges for both […]
Tag Archives: tax
1031 Exchange — Biggest Tax Loophole In Real Estate?
When an investor sells an investment property for more than it was paid for originally, any profits from the sales price are subject to capital-gains taxes. There is however a way to defer capital gains taxes thanks to current IRS Section 1031 of the tax code. An investor can sell their previous investment property (aka […]
Tax relief on Maui – exemptions for homeowners and long term rentals
Inflation is on everyone’s minds these days which is why it’s always great to learn about new ways to keep costs down. Here’s some information on two different property tax exemptions that can potentially save you money if you own a home or condo here on Maui. The tax relief programs available for homeowners in the […]
Incentive for First Time Buyers
In case you missed this post in the newsletter, I thought I’d post it again here because it’s such a valuable piece of information. Home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying home buyers a tax credit equal to 10 percent of a […]