4/13/2008 10:36:00 PM
LULU'S LATEST LISTINGS IN KIHEI
1. I have a cute one bed one bath condo in South Kihei for sale. The seller is motivated so don't delay, take action today. 2. My two bed two bath condo in South Kihei, across the street from the ocean, is still available and the price has been lowered ...
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4/6/2007 11:36:00 PM
Frequently asked questions about 1031 - compliments of Julie Tumbaga, Vice President
What does the term 1031 refer to? 1031 is the number assigned to the Internal Revenue Code Section that provides for the tax deferred exchange of real and personal property. What does the term Starker refer to? It refers to the landmark 1979 federal case entitled, ...
Views: 471
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3/13/2007 4:55:00 PM
Maui Lender spills the Beans No. 2.
....continued...... Your Loan Officer will require information about your employment and income. Lenders require a complete two-year employment history so it’s important to have the names, addresses and phone numbers of all your employers for the most ...
Views: 1403
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3/12/2007 8:00:00 PM
A Maui lender spills the beans.
Loan Application Interview Tips for the New Homebuyer Be prepared to provide your Date of Birth, Social Security Number and complete street address so your Loan Officer can pull your Credit Report. All mortgage loan decisions are based on your Credit performance ...
Views: 131
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3/4/2007 11:50:00 PM
What is HARPTA?
HARPTA is an acronym for the Hawaii Real Property Tax Law - it is not a tax. Harpta was enacted to provide a means for the state to collect capital gains taxes from absentee owners. Harpta is very similar to laws passed by several other states as well as to ...
Views: 136
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3/3/2007 2:52:00 PM
Fee Simple ownership vs Leasehold - on Maui
Fee simple ownership is the type that people are most familiar with. You own a portion of your condiminium and piece of the entire complex, including the common area in the grounds. It is just like the home you may own on the mainland. Leasehold is a type ...
Views: 5843
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3/3/2007 2:50:00 PM
Updated 1031 information
Section 1031 exchange Section 121 Held for productive use in a trade or Qualifying Taxparyer's primary residence business or for investment property *************************************************************************************************** Deferral ...
Views: 566
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3/3/2007 2:48:00 PM
Reverse Exchange by Brenda Durant
How is it different? In a forward exchange the relinquished property is sold first and the proceeds are applied to purchase the replacement property. In a reverse exchange, the exchanger purchases the replacement property first. Therefore the exchanger must ...
Views: 5748
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3/3/2007 2:47:00 PM
Understanding the Improvement Exchange by Julie Tumbaga
The Improvement Construction or Build to Suit Exchange occurs when the Exchanger uses exchange proceeds to make capital improvements to replacement property. This can occur in the context of a deleyed or reverse exchange. Julie Tumbaga from www.orexco1031.com ...
Views: 582
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3/2/2007 5:53:00 PM
Real Estate taxes on Maui
In accordance with Section 3.48.565 through 3.48.575 of the Maui County Code, the real property tax rates per one thousand dollars of net taxable assessed valuation for each class of real property, effective July 1, 2006, shall be as follows: Improved Residential ...
Views: 705
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