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(If this advert is not appropriate, I'll remove it -- or the powers that be are welcome to remove it.)
I'm looking for 2 or 3 other retired types to, together, buy a house in Puna and then remodel that house into 3 or4 "apartments." The reason is ,,, to live real cheap.
(I live in Japan right now.)
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You would then have a "boarding house" by definition of the Code. Would have to have all "owners" on the deed, and no locks, or numbers on the doors to your "room" inside. But if it is cool with the neighbors and you get along with your friends better than family...
Community begins with Aloha
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Tenants in Common, or Joint Tenants. are two of the legal ways to buy a house (I bought my second house with a Tenant in Common, she had legal defined partial ownership of the house, which made it fairly easy, 3 years later, for my new husband and her to transfer her partial ownership to him...)
Where these ownerships hit a snag is if one or all of the owners have a problem (personality, finances...even death or disability of one can throw a monkey wrench into the plan...) For me, I was VERY lucky, in that my tenant in common had gotten an out of state transfer the same month I was engaged...so both my soon to be new husband & she wanted to transfer property...and we were able to buy her portion out..
Hopefully you are starting to see what could be some major sticky points in this plan...and some ways to make sure they are not major financial roadblocks if you go ahead... it really also helps if you know the person...but are not best friends... in my case, the tenant in common was a co-worker I had known for a few years & was a kayaking/camping friend, we shared similar lifestyles & had similar income & expenses...but were not best-o-buds & could talk to each other, with out emotions overtaking, about finances & household responsibilities...
I would caution that the structure you choose have mostly separated living areas (unless there is a legally permitted ohana, you will need to be able to share a kitchen...) have seen homes that have 2 or three "master suites" that are separate structures tied together under roof..that have a central living/eating area... this would offer "private spaces"... unless you really like years of 24/7 communal living...
Posts: 124
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Joined: Feb 2011
Thanks for your comments.
