I plan on relocating to Honolulu this summer.My long range plans are to
retire and live in Thailand and Hawaii would be a close US base for
financial and legal reasons to gradually start from.
I will have $200,000 in cash and would like to use half for living
expenses and settling in and to start or acquire a cash business.I also
do internet commerce part-time.
I would like to invest $100,000 in either condos,houses,multi-unit
buildings,etc.,for income and future appreciation value.I have a real
estate license in my state and have bought and sold properties here as
well as have over a 800 FICO credit score.What would be the usual down
payment for a residential property in Honolulu?I would live in it to
start then find another property and rent the current one out so
hopefully the down payment and rates would be less if owner-occupied.
Many of the properties in Hawaii are either fee simple or leasehold.The
leasehold condos,houses,etc.,are about half the price of the fee simple
ones.Many of the leaseholds expire in decades i.e. 2046,etc.Should I
only look into fee simple properties even though they are more
expensive due to owning the land under it?Would they appreciate more
and sell easier than leasehold properties?
Also what would be the average rent for a retail space for a fast
food-type/deli in Waikiki?I've found many websites for real estate,like
hicentral,etc.,but none for businesses for sale.Is the Honolulu
Advertiser classifieds the best source of business listings?
retire and live in Thailand and Hawaii would be a close US base for
financial and legal reasons to gradually start from.
I will have $200,000 in cash and would like to use half for living
expenses and settling in and to start or acquire a cash business.I also
do internet commerce part-time.
I would like to invest $100,000 in either condos,houses,multi-unit
buildings,etc.,for income and future appreciation value.I have a real
estate license in my state and have bought and sold properties here as
well as have over a 800 FICO credit score.What would be the usual down
payment for a residential property in Honolulu?I would live in it to
start then find another property and rent the current one out so
hopefully the down payment and rates would be less if owner-occupied.
Many of the properties in Hawaii are either fee simple or leasehold.The
leasehold condos,houses,etc.,are about half the price of the fee simple
ones.Many of the leaseholds expire in decades i.e. 2046,etc.Should I
only look into fee simple properties even though they are more
expensive due to owning the land under it?Would they appreciate more
and sell easier than leasehold properties?
Also what would be the average rent for a retail space for a fast
food-type/deli in Waikiki?I've found many websites for real estate,like
hicentral,etc.,but none for businesses for sale.Is the Honolulu
Advertiser classifieds the best source of business listings?
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