Would anyone share their experience as an investor/host of a vacation condo in Hawaii (Oahu/Maui)? We are aware of the risks but we as a family love Hawaii. We vacation there every year and looking to determine if it makes sense to buy a vacation condo on the more lower end of it and somewhat manage it ourselves with of course, a local property manager, and to take advantage of tax benefit of active investment. if anyone could share their experience, that’ll be greatly appreciated. Clarification: we are not looking for immediate positive cash flow but mostly to take advantage of tax benefits, reducing our income tax so that eventually it will be a place that we can enjoy more frequently after we retire.
Posted by skybb007
1 Comment
Look into Bill 9 in Maui. It’s a hard pass for me.
We love Hawaii and go to visit often so we’ve considered it. But with legislation like that, no thanks. We just vacation there now.