In my last two blogs, we went over the Benefits of a 1031 Exchange - Part I and Different Types of 1031 Exchanges - Part II. In this article, part three of our four part instalment, I would like to cover a little more information about the middleman of the 1031 Exchange.

To do a successful 1031 Exchange, you need to use a Qualified Intermediary (QI), also known as a Facilitator or an Exchange Accommodator. This isn’t an easy, do-it-yourself, sell one investment and buy another investment, expecting to defer capital gains tax-type transaction. You will need the intermediary to help legally facilitate the transaction and to adhere to the IRS tax law guidelines.

In my humble opinion, selling a home, even in a seller's market requires enlisting the professional services of a real estate agent and licensed REALTORS® have training to guide you through the process to a smooth and successful closing.  

What may seem like an easily marketable and salable home often requires a skilled agent’s advice to avoid costly mistakes down the road. It’s not uncommon when after meeting with a seller for a potential listing; I help uncover other options, potential pitfalls, tax implications, needed repairs or improvements, and more.

Overall, beach properties on Oahu held up fairly well since the residential real estate bubble burst in the United States in 2008, but that's not to say there aren't a few great deals out there. So, if you’re looking to own a piece of beachfront paradise, here's your holiday wish list... the top 10 cheapest beachfront homes for sale on Oahu.

54-065 Kamehameha Highway, Hauula, HI 96717

MLS #: 201335748

$525,000  

• 1 Bedroom
• 1 Bath
• 710 SQ FT

Opportunity Knocks! This is the lowest priced beachfront property on Oahu! This cute one bedroom, one bath beach cottage is awaiting creativity and a little TLC to bring back its shine. It’s a perfect weekend or get-a-way home in beautiful Hau'ula with space available to launch a small boat on-site. The property is located on a white sand beach and adjacent to Beach Park. Property listed by Arquette Properties, Inc.