
Are you sitting on a vacant lot in Hawaii and wondering if now is the right time to sell?
Aloha! I am Jason Wong, Principal Broker at Island Dragonfly, bringing over 22 years of experience to your real estate journey. In this video, we dive deep into why your vacant land might be the most tax-friendly asset in your portfolio. While everyone focuses on cash flow from condos, few talk about the massive tax headaches of depreciation recapture.
The good news? Dirt doesn’t decay. I break down exactly why selling raw land can save you from huge IRS paybacks, and how you can use a “Slow Roll” installment sale to act as the bank, defer your taxes, and collect interest over time.
For my international friends and foreign sellers, we also tackle the heavily misunderstood FIRPTA and HARPTA withholdings. If the 22.25% withholding has scared you out of a profitable sale, you need to hear this secret: it’s a deposit, not a tax!
Holding an MBA and licensed as RB-22819, I specialize in Oahu and Hawaii real estate. My goal is to help you navigate complex real estate strategies so you keep more of your hard-earned equity.
Ready to run the numbers on your specific lot? Let’s turn that dirt into a legacy.
📞 Connect with me:
Website: https://jasonwong.us
Brokerage: https://islanddragonfly.com
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