Turn Your Home into an Oahu Investment Property
Fri, August 3, 2012 by Home Shoppe Hawaii LLC Property Management You’ve decided to build wealth with real estate, and rather than sell your property to buy a new one, you will instead convert your home into an Oahu investment property. It’s a wise move. Generally, the first few years of mortgage payments are equal to or greater than the monthly rent you could charge, making losses likely. Some investors welcome the loss due to the tax effects, but as many shy away from the opportunity. Eventually, monthly rents will exceed your monthly mortgage payment, making the prospect of converting your home into an Oahu investment property appealing, and profitable. Here are some tips* to make the transition:
All information on this site is believed to be reliable but is expressly not guaranteed. Blog Posts by various authors are the opinions of the author only and do not necessarily reflect the position of Home Shoppe Hawaii or other contributors. This blog does not give legal or tax advice and readers are encouraged to check with licensed professionals for advice on any specific topic and to verify any information herein. Questions? Please contact Yvonne Jaramillo Ahearn at 808-721-8088.
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