Tracey's Tip of the Day

Tracey gives many practical snippets of advice and information concerning real estate, steps in completing a Oahu real estate transaction, things to consider with estate planning related to Oahu real estate, and more.

Tip Of The Day

Properties with a "sandwich lease"

Tracey explains what options you have when there's a "sandwich lease".

Automated Search

Tracey discuses the benefits of have Stott Real Estate, Inc. set up an automated search for you.

Proceeds vs Gains

Tracey talks about the difference between sale proceeds + sale capital gains.

PV Systems

Tracey talks about options between to rent or buy a PV System.

Clauses seen in contracts.

Tracey talks about some clauses you could see in contracts.

Parking Stalls

Tracey suggests to make sure you've verified in writing what parking stalls come with your purchase.

Not sure about a 1031 Exchange?

Tracey explains a 1031 option.

Getting a new "GET" License

Tracey explains the need to obtain a new General Excise Tax License.

What is Depreciation?

Tracey shares a briefly discussion on What is Depreciation?

What is Residential-A?

Tracey describes what Residential-A means for Tax reasons.

Selling a Personal Residence vs a Second Home or an Investment Property.

Tracey explains the difference between a personal residence, a second home, or an investment property.

Seasoning of Funds.

Tracey shares a helpful tip on how to prove that your funds for a downpayment when ready to purchase, have been seasoned for 60-90 days.

Issues to be aware of with Owner-Builder Permits.

Tracey addresses the issues you may have if you get a permit under Owner-Builder Status.

Can a married couple claim two places of residency?

Tracey shares a perfect example on how to make this possible.

Filing for Home Exemption before Tax Year

Tracey tells you how to sign up for a home exemption so that you get the tax advantage as an owner occupant.

Have a file documents of Home Improvements

When you own a home, there are tax advantages for documenting the capital improvements when you sell. Tracey talks about a simple method that can make this easier even if you have owned a home for decades.