Great Hawaiian Homes Blog

In an action this afternoon by the City Counsel of Honolulu, the moratorium on Bed and Breakfasts for Oahu has been lifted.  It was decided in what was called a "Work In Progress" that those Bed & Breakfast operations on Oahu that were in operation on or prior to February 2008 would be eligible to apply for a Bed & Breakfast License to operate legally. 

This is great news for those operators that need the income their home businesses produce.  Another great feature of todays action is that it specifaclly says that "Neighborhood Vetos" will NOT be allowed.  It is thought that because of the budget shortfalls of the City and County of Honolulu, that this is a first step in allowing these wonderful businesses on Oahu and that as the bill evolves, Bed & Breakfasts licenses will be allowed for anyone that would like to apply for one.

There are some neighborhoods on Oahu that have been Bed & Breakfast favorites, like Kailua with its white sandy beach and on the North Shore of Oahu.  Investors that would like the income of a Bed & Breakfast business on Oahu should act quickly before investor purchases drive up Hawaii Real Estate prices.

To do a search for homes that might be a perfect fit for you and a Bed and Breakfast operation, simply click on the photo of Mike & Gayle and we wish you Happy House Hunting.  If you would like more information about today's action by the Honolulu City Counsel or on Hawaii Real Estate, please call us anytime.

Warm Regards-

Mike & Gayle

Gayle Fujita Ramsey, RA  808*388*1485  Hawaii Realty Group

Mike Ramsey Fujita, RA  808*630*1828  Hawaii Realty Group

Aloha,

Mike and I hope you had a fantastic Labor Day weekend.  There are 100,000 first time Home-Buyers looking for their Dream Homes right now and time is "Ticking Away" for them to take advantage of the gonvernment's $8,000 First Time Home-Buyer's Tax Credit! 

We also wanted to let you know that if you haven't owned a home within the last three years you may qualify for the $8000 tax credit that is being offered for first time home buyers.  This is a true credit which means if you owe $1500 in taxes next year when you file your 2009 Tax Returns and you qualify for the full amount of the tax credit you would actually receive $6500 back as a tax refund. 

If you are thinking about getting a new home under this wonderful program and have not had the time to speak to a lender, we understand how busy we can get; however, if you don't want to miss this opportunity of the tax credit we implore you to make the time as soon as possible.  We would hate for you to miss out on this credit being offered if you qualify. 

The deadline to qualify is December 1, 2009.  We must have recorded and title of the property must be in your name by this date, so plan on needing to be IN escrow by October 15, 2009 as it takes an average of 45 days to close, which would put you right up to the December 1st deadline.    If you have any questions or need further assistance regarding this matter please feel free to give either Mike or myself a ring.  We look forward to hearing from you soon. 

Gayle Fujita Ramsey, RA
808*388*1485

Mike Ramsey Fujita, RA-808*630*1828