How To Get That First House
So if you're convinced that you should own a home, how do you actually go about it? What if it's just too darn expensive in Honolulu? Well, there are a number of special first time buyer programs to make it easier, and we'll definitely explore those together. But what if it's still too expensive?
In that case, "you gotta do what you gotta do". You could get a 4 bedroom place and rent out a couple of the bedrooms to roommates to help pay for it. You could go where real estate is cheaper, like Ewa Plain or Mililani to get your first house. Some people who work in Honolulu are going even further than that to get their foot in the door. I know it's hard, and it wasn't easy for me to get my first place either. You just have to grit your teeth and do it. The hardships are temporary, but the benefits last a lifetime.
My advice to you is to just go for it. Even if the first house isn't your dream house, you have to start somewhere. Face your fears and get it done. It's not just me saying this. In the book, "The Millionaire Next Door", the author says that more millionaires were made through real estate that any other method. Robert Kiyosaki in his "Rich Dad-Poor Dad" series talks about the "3 mountains" of financial security - your own business, stocks, and real estate.