If you’re going to buy real estate in Hawaii, you must know the difference between fee simple and leasehold properties.
At first glance, leasehold properties seem much cheaper, but is it really worth it? Should you buy one of these lower priced properties? This video gives you the details.
Watch the other home buying videos in this YouTube playlist.
Buying a home, whether you’re living in Hawaii or not, is the biggest decision you’ll make. Hawaii has a somewhat unique real estate ownership concept called “Leasehold” and it can create a lot of confusion if you’re not clear the details of how it differs from what one would normally expect from buying a home on the U.S. mainland, for example.
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we want to retire early in Maui, just wondering if it is possible to live on 5000 a month, still live comforitably?
hard to give up simplistic answer. Much depends on individual financial situations. I have a video on my YouTube channel about Hawaii if you can afford it and if it’s worth it. Watch that video and let me know what you think
The big element is going to be real estate: do you have enough to buy a house with no mortgage? Or are you going to be paying rent or mortgage?
Thanks for keeping us informed Peter Kay