All Forum Posts by: Jody D.

Thank you @Misa Kataoka  I will be paying for this, as it's in the agreement.  But I guess there is still confusion for me as to which party should be buying a policy.  I understand a buyer may want an Owner's policy in addition to a Lender's mandatory policy.  Are you suggesting a seller should consider having independent policy?

Thanks @Russ Draper  My thoughts exactly.  No law that I'm aware of.

Please disregard, I was looking at the HUD statement when I noticed this charge with an "optional" note. I had forgotten that we agreed to pay a portion of the buyer's policy in the purchase agreement. Shame I can't delete this post... live and learn!

Selling a property on Oahu and closing in a few days.  As the seller, does it make sense to purchase Owner's Title Insurance?  I would figure any issues would be covered by the Buyer's lender/owner policy.  Or am I being naive and that insurance company would quickly come after me as the previous owner to recoup their costs?

Thank you both for the confirmation.  I'll continue the seach for a new investment.

I've been unofficially advised this is not OK, but thought I'd ask.

I have just sold my rental property that's all set up for a 1031 exchange (45 days starts today).  I also have my primary residence that I've considered renting out when we move.  Is it possible to invest the exchange proceeds into the property that I already own (refinance and add equity) while converting it to an investment property?

Thanks for any advice!

Hi Jasmine.

Can't make this one, but I would like to get out to the next one.

Aloha,

I live on Waianae side but would be happy to drive over and hang out if I'm available.

-Jody

@Julie L. I was able to get my expected ROI on Indie property. I believe they're getting a renter in currently and setting up a turnkey situation. PM me if you want further info.

Thanks for the warm welcomes and advice everyone!